Are Your Spending Processes, Metrics Up to the Times?
A SAP Concur blog post discusses how spending patterns have changed, requiring businesses to adjust processes and KPIs. It recommends using corporate cards over cash, automating receipt management, GPS mileage tracking, and AI auditing. It cites data: SAP Concur solutions average 36% time savings in expense report handling, and manual mileage tracking can overstate miles by 15%.
Impact and considerations
Businesses need to update spend management metrics and processes to improve accuracy, efficiency, and compliance, adapting to changing economic conditions.
Key points
- Using corporate cards over cash improves visibility and rebates.
- Automated receipt management saves time and improves accuracy.
- GPS mileage tracking reduces over-reporting.
- AI auditing reduces manual review burden.
- Regularly review and adjust KPIs to reflect current challenges.
- SAP Concur solutions average 36% time savings in expense report handling.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 10 Jan 2023, 19:38
- Page published
- 14 Aug 2026, 08:27
- Last updated
- 10 Jan 2023, 19:38
- Original links
- SAP Concur Blog：Are Your Spending Processes, Metrics Up to the Times? (opens in a new tab)Primary source · en · Published 10 Jan 2023, 19:38