Two Business Trends Driving Change in Spend
The article highlights two trends disrupting spend management: increased employee purchasing power and stricter tax/compliance regulations. Direct employee bookings lead to invisible spend, while governments demand comprehensive tracking. Companies need modern technology to integrate data for control and compliance.
Impact and considerations
Companies must address the risk of uncontrolled spend from direct employee bookings and meet stricter compliance requirements to avoid financial and legal risks.
Key points
- Direct employee bookings increase invisible spend; companies need visibility.
- Tax and compliance regulations are tightening; full transaction recording is needed.
- Integrated technology helps control spend and ensure compliance.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 29 Jun 2022, 19:47
- Page published
- 15 Aug 2026, 08:10
- Last updated
- 29 Jun 2022, 19:47
- Original links
- SAP Concur Blog：Watch for These Two Business Trends Driving Change in Spend (opens in a new tab)Primary source · en · Published 29 Jun 2022, 19:47