What Every CPO Should Know About Employee Spend
The article provides insights for Chief Procurement Officers (CPOs) on employee spend, emphasizing the importance of connecting travel and expense data, assessing payment channels, and capturing rogue spend. In 2020, SAP Concur customers saw a 58% increase in the 'Other' expense category, indicating changing spending patterns.
Impact and considerations
For corporate procurement and financial management, understanding employee spend trends and challenges helps optimize spend management, control costs, and ensure compliance.
Key points
- Connecting travel and expense data provides a complete spend view.
- Assess employee payment channels and tracking systems.
- Capture rogue spend to reduce leakage.
- In 2020, 'Other' expense category grew 58%, reflecting changing patterns.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 29 Jun 2022, 19:47
- Page published
- 15 Aug 2026, 08:15
- Last updated
- 29 Jun 2022, 19:47
- Original links
- SAP Concur Blog：What every CPO should know about employee spend (opens in a new tab)Primary source · en · Published 29 Jun 2022, 19:47