Get a Single View of Spend by Working with Procurement, Supply Chain, and IT
SAP Concur blog introduces Intelligent Spend Management, emphasizing cross-departmental collaboration for a unified view of all spend. It suggests three ways: create an engaging user experience, establish direct electronic connections with suppliers, and connect innovative third-party solutions to break down silos and achieve full spend visibility.
Impact and considerations
Corporate spend is scattered across functions; a unified view helps control costs and meet compliance. The article offers practical advice for cross-departmental collaboration to improve spend management efficiency.
Key points
- Intelligent Spend Management requires breaking down barriers between finance, procurement, supply chain, and IT.
- Create an engaging user experience, e.g., letting employees book trips on apps they love.
- Establish direct electronic connections with suppliers for better collaboration and data sharing.
- Connect third-party solutions to handle industry-specific regulations and tax requirements.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 29 Jun 2022, 19:47
- Page published
- 16 Aug 2026, 08:14
- Last updated
- 29 Jun 2022, 19:47
- Original links
- SAP Concur Blog：Get a Single View of Spend by Working with Procurement, Supply Chain, and IT (opens in a new tab)Primary source · en · Published 29 Jun 2022, 19:47