SAP Concur Predictions for 2024 in Travel, Expense and Invoice Management
SAP Concur executives released 2024 predictions for travel, expense and invoice (TEI) management, with artificial intelligence as the connecting thread. Predictions include: virtual payments will simplify reimbursement, with AI quickly validating compliant transactions for near-immediate reimbursement; generative AI may be used for budgeting and predictive analytics; cost-cutting measures may increase tension between corporate travel policies and employee expectations; and accelerated NDC adoption, combined with reduced supplier payments to TMCs, may drive TMC consolidation.
Impact and considerations
For travel and expense managers, these predictions point to reimbursement automation, wider virtual payment adoption and AI-driven spend analytics, potentially reshaping TMC-supplier economics and corporate travel policy design.
Key points
- SAP Concur executives predict AI will be the connecting thread across travel, expense and invoice management in 2024.
- Virtual payments are expected to expand to all business expenses, with AI quickly validating compliant transactions for near-immediate reimbursement.
- Generative AI may be used for budgeting and predictive analytics, reducing manual planning work for finance teams.
- Cost-cutting measures may increase tension between corporate travel policies and employee expectations.
- Accelerated NDC adoption, combined with reduced supplier payments to TMCs, may drive TMC consolidation.
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