SAP Concur Predictions for 2024: AI and Virtual Payments to Reshape Travel and Expense Management
SAP Concur executives predict that in 2024, AI, automation, and virtual payments will become more integrated into travel, expense, and invoice management. Virtual payments will simplify reimbursement, with AI validating transactions for near-immediate reimbursement. Predictions also include cost-cutting measures causing employee tension, accelerated NDC adoption, and the importance of corporate social responsibility and AI in travel.
Impact and considerations
For corporate travel and finance decision-makers, these predictions offer insights into 2024 industry trends, helping with proactive technology investment and policy adjustments.
Key points
- Virtual payments will simplify reimbursement, with AI validating transactions for fast reimbursement.
- Cost-cutting measures may cause employee tension regarding travel policies.
- NDC adoption will accelerate, potentially changing industry economics.
- AI and generative AI will play a larger role in budgeting and forecasting.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 29 Nov 2023, 18:29
- Page published
- 14 Aug 2026, 08:18
- Last updated
- 29 Nov 2023, 18:29
- Original links
- SAP Concur Blog：SAP Concur Predictions for 2024 (opens in a new tab)Primary source · en · Published 29 Nov 2023, 18:29