How Is Your Utility or Energy Company Addressing Spend Compliance?
SAP Concur blog highlights compliance challenges for utility and energy companies, recommending modernization and automation of spend management to insert controls and improve compliance and efficiency.
Impact and considerations
Automated spend management helps utility and energy companies meet regulatory requirements and reduce fraud and waste.
Key points
- Utility and energy companies must comply with regulations like FERC.
- Legacy systems make it difficult to manage spend and compliance effectively.
- Automation improves spend visibility and control.
- Best practices include pre-authorization, online booking tools, and expense reporting systems.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 23 Aug 2022, 23:13
- Page published
- 14 Aug 2026, 08:30
- Last updated
- 23 Aug 2022, 23:13
- Original links
- SAP Concur Blog：How Is Your Utility or Energy Company Addressing Spend Compliance? (opens in a new tab)Primary source · en · Published 23 Aug 2022, 23:13