SAP Concur: Cash vs. Credit Card Spend: Does it Really Impact Corporate Savings?
SAP Concur published a blog post discussing the impact of cash versus credit card spending on corporate savings. The article notes that non-compliant cash spending is difficult to track and can lead to fraud and waste. In contrast, card payments are cheaper, easier to track, and provide better data quality and corporate rebates. It cites Harvard Business Review data indicating that organizations can almost always find 15% to 20% of spending that hasn't been managed closely.
Impact and considerations
This content provides finance and travel managers with strategies to limit cash use and promote corporate cards, helping companies improve spend visibility, reduce fraud risk, and increase rebate revenue.
Key points
- Non-compliant cash spending is difficult to track and can lead to fraud and waste; companies should limit cash use.
- Card payments are cheaper than cash because they consider labor and incidental costs beyond processing fees.
- Cash spending is difficult to track, lacks documentation and data, and increases the risk of non-compliant spending.
- Asset misappropriation is one of the most common fraud schemes; ACFE reports an average loss of $26,000 for cash fraud, taking an average of 15 months to uncover.
- Corporate cards can improve spend visibility, data quality, corporate rebates, and better fraud management.
- Harvard Business Review reports that organizations can almost always find 15% to 20% of spending that hasn't been managed closely.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 29 Jun 2022, 19:47
- Page published
- 14 Aug 2026, 08:34
- Last updated
- 29 Jun 2022, 19:47
- Original links
- SAP Concur Blog：Cash vs. Credit Card Spend: Does it Really Impact Corporate Savings? (opens in a new tab)Primary source · en · Published 29 Jun 2022, 19:47