Does Your Spend Management Solution Feel Like It’s Solving Anything?
The article emphasizes that in a remote work environment, spend management faces new challenges such as employees using cash and personal cards, and new spending categories emerging. Companies need to ensure their spend management solutions provide complete visibility to avoid decisions based on incomplete data. A checklist is provided to evaluate spend management processes.
Impact and considerations
The completeness of spend management solutions directly impacts budgeting and forecasting accuracy, crucial for financial decisions.
Key points
- Remote work leads to employees using cash and personal cards, causing delayed and inaccurate spend data.
- New spending categories such as PPE, home office furniture, and internet need to be managed.
- Spend management solutions should provide real-time visibility and automation.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 29 Jun 2022, 19:47
- Page published
- 16 Aug 2026, 08:22
- Last updated
- 29 Jun 2022, 19:47
- Original links
- SAP Concur Blog：Does Your Spend Management Solution Feel Like It’s Solving Anything? (opens in a new tab)Primary source · en · Published 29 Jun 2022, 19:47