Saving Time and Resources for a Smooth Year-End Close
SAP Concur has released a new checklist outlining seven steps to help businesses and finance teams save time and improve efficiency as the year or fiscal year ends. Key steps include setting priorities, adopting cloud-based finance solutions, automating travel and expense management, integrating technology systems, clarifying travel policies, enabling mobile work, and outsourcing non-core tasks. These measures aim to streamline processes and better position companies for change.
Impact and considerations
Year-end financial close is critical for travel and expense management; automation and process optimization reduce manual work, enhance data visibility, and help control costs while adapting to change.
Key points
- Set priorities and focus on essential work.
- Adopt cloud-based finance solutions to reduce paper-based processes.
- Automate travel, expense, and invoice management.
- Integrate with existing systems like ERP for efficiency.
- Clarify and simplify travel policies to ensure compliance.
- Provide mobile tools to support remote work.
- Consider outsourcing tasks like data analysis and tax counsel.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 17 Oct 2023, 18:56
- Page published
- 14 Aug 2026, 08:21
- Last updated
- 17 Oct 2023, 18:56
- Original links
- SAP Concur Blog：Saving Time, Resources to Bring Year to Smooth End (opens in a new tab)Primary source · en · Published 17 Oct 2023, 18:56