Just How Often Do We Have to Reinvent Ourselves?
SAP Concur blog highlights that businesses must continuously reinvent their processes to keep up with change. Using spend management as an example, the article recommends integrating corporate cards, personal cards, purchasing cards, and cash into a single digital process, and introducing pre-purchase approval and AI/machine learning to control spending before it occurs and ensure compliance.
Impact and considerations
Finance and travel managers can learn how digitalization and pre-purchase approval can improve spend control, compliance, and employee safety, supporting continuous business transformation.
Key points
- Businesses must continuously reinvent their processes to keep up with change and challenges.
- Recommend integrating corporate cards, personal cards, purchasing cards, and cash into a single digital process.
- Pre-purchase approval enables control and visibility before spending occurs.
- AI and machine learning can push audit controls to the point of purchase.
- Pre-purchase approval helps enforce company policies, ensure travel and employee safety, and maintain compliance.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 29 Jun 2022, 19:47
- Page published
- 14 Aug 2026, 08:33
- Last updated
- 29 Jun 2022, 19:47
- Original links
- SAP Concur Blog：Just How Often Do We Have to Reinvent Ourselves? (opens in a new tab)Primary source · en · Published 29 Jun 2022, 19:47