Say Bye-Bye to Finance Hacks in 3 Simple Steps
SAP Concur blog presents three steps to eliminate finance hacks: let automation ROI guide you, show your people what's possible, and update your expense policies. It cites survey data showing automation reduces missing receipts, shortens approval time, saves money, and achieves quick ROI.
Impact and considerations
For finance and travel managers, these steps and ROI data help build a business case for automation, improving expense management efficiency and compliance.
Key points
- Common finance hacks include stapling receipts to printed expense reports, tracking approvals with sticky notes, etc.
- Survey shows the average company processes 252 vendor invoices and 244 travel or expense reports each month.
- Businesses with SAP Concur solutions reported a 47% reduction in missing receipts, 32% reduction in approval time, $54K estimated annual savings, and positive ROI in 7 months.
- Updating expense policies helps employees and managers understand what can be expensed, strengthening cost control and compliance.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 11 Sept 2023, 17:45
- Page published
- 14 Aug 2026, 08:20
- Last updated
- 11 Sept 2023, 17:45
- Original links
- SAP Concur Blog：Say Bye-Bye to Finance Hacks in 3 Simple Steps (opens in a new tab)Primary source · en · Published 11 Sept 2023, 17:45