Are Your Business Spending Processes and Metrics Up to the Times?
A SAP Concur blog post examines whether corporate spending processes and key performance indicators need updating. It recommends focusing on several areas: paying expenses with corporate cards improves spend control and visibility and can yield rebates of up to 2%; automated receipt management shortens paper trails, and companies using SAP Concur solutions average 36% time savings in expense report handling; manual mileage tracking can result in as much as 15% more miles than actually traveled, while GPS-enabled mobile apps improve accuracy; and AI-based auditing reduces manual review burden. It also suggests measuring budget-versus-actual variance, employee refunds or updates, and adding o…
Impact and considerations
For finance and travel expense managers, the post offers quantifiable KPIs and automation benefit references, including corporate card rebates, expense report processing time savings, and mileage accuracy, helping assess improvement opportunities in current spend management processes.
Key points
- Paying business expenses with corporate cards improves spend control and visibility and can yield rebates of up to 2%.
- Companies using SAP Concur solutions average 36% time savings in expense report handling and processing.
- Manual mileage tracking can result in as much as 15% more miles than actually traveled, while GPS-enabled mobile apps automatically track and submit trips to improve accuracy.
- AI-based auditing can analyze expense reports and flag exceptions, reducing the manual review burden on finance teams.
- Suggested KPIs include cash versus card use, late fees for corporate cards and invoices, receipts requiring follow-up, budget-versus-actual variance, and employee refunds or updates.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 30 Mar 2023, 19:20
- Page published
- 14 Aug 2026, 08:25
- Last updated
- 30 Mar 2023, 19:20
- Original links
- SAP Concur Blog：Are Your Business Spending Processes, Metrics Up to the Times? (opens in a new tab)Primary source · en · Published 30 Mar 2023, 19:20