Learn How CFOs Can Navigate Inflation and Other Disruptions
An SAP Concur blog post for CFOs and finance leaders addresses navigating inflation, global instability and banking turbulence. Citing IDC, it says modernizing business applications and augmenting data are recommended approaches, and cloud travel and spend management solutions provide flexibility and timely insight. It outlines three focuses: rethink priorities to get ahead of change, using automation to cut manual processes and set criteria for weighing trips versus virtual meetings; align short-term actions with medium- and long-term goals; and invest in people during digital transformation. Renaud Heyd, CFO of SAP UK and Ireland, says CFOs must keep organizations honest about how busines…
Impact and considerations
Amid inflation and uncertainty, travel and spend management is an area CFOs can readily control while gaining insight into overall spending.
Key points
- CFOs face disruptions including inflation, global instability and banking turbulence.
- IDC recommends modernizing business applications and augmenting data as approaches.
- Cloud travel and spend management solutions provide flexibility and timely insight.
- Travel and operational costs may not be the biggest spend categories but are readily controllable and offer transparency into overall spending.
- Automation cuts manual processes and can embed criteria to help employees weigh trips against virtual meetings.
- Short-term cost-cutting should stay aligned with medium- and long-term goals to avoid sacrificing strategy.
- Digital transformation should factor in employee experience to improve adoption and return on investment.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 18 Apr 2023, 20:10
- Page published
- 14 Aug 2026, 08:24
- Last updated
- 18 Apr 2023, 20:10
- Original links
- SAP Concur Blog：Learn How CFOs Can Navigate Inflation and Other Disruptions (opens in a new tab)Primary source · en · Published 18 Apr 2023, 20:10