Gaining Accuracy and Confidence in Every Spending Decision
A SAP Concur blog post notes that remote work and the return to travel shifted spending patterns and made policy compliance more difficult. SAP Concur's Spend Insights Report found excessive personal expenses jumped 21.8% in 2021, and its Pulse Survey revealed the average questionable travel expense ran $3,397. The post offers five tips, including bringing travel, expense, and invoice data together and using real-time information to improve spend visibility.
Impact and considerations
A 21.8% jump in excessive personal expenses in 2021 and an average questionable travel expense of $3,397 indicate significant financial risk in travel and expense compliance. Bringing travel, expense, and invoice data together can help finance teams spot problems and opportunities.
Key points
- SAP Concur's Spend Insights Report found excessive personal expenses jumped 21.8% in 2021.
- SAP Concur's Pulse Survey revealed the average questionable travel expense ran $3,397.
- Bringing travel, expense, and invoice data together in one location is a first step to capture and review spending.
- Integrating employee spend data with ERP or financial systems provides boardroom members better spending visibility.
- Budget forecasting is more effective and trusted when built upon accurate, timely data.
- Companies can set policy parameters to guide travelers toward greener choices and analyze their carbon footprint.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 18 Jul 2022, 17:45
- Page published
- 14 Aug 2026, 08:33
- Last updated
- 18 Jul 2022, 17:45
- Original links
- SAP Concur Blog：Gaining Accuracy and Confidence in Every Spending Decision (opens in a new tab)Primary source · en · Published 18 Jul 2022, 17:45