Say Bye-Bye to Finance Hacks in 3 Simple Steps
The article highlights common finance hacks (manual workarounds) that reduce efficiency and increase risk, and proposes three steps: let ROI guide automation, show your team what's possible, and update policies. SAP Concur data shows automation significantly reduces missing receipts and approval time.
Impact and considerations
For corporate finance and travel management, eliminating manual workarounds improves efficiency, reduces costs, and enhances compliance. Automation offers quick ROI and helps modernize finance processes.
Key points
- Common finance hacks include stapling receipts to printed reports, tracking approvals with sticky notes, etc.
- Automation reduces missing receipts by 47% and approval time by 32%.
- Use an ROI calculator to estimate potential savings.
- Updating expense policies helps control costs 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