Get Smart About Managing Company Spend and Watch Your Business Grow
An Oxford Economics survey shows 85% of SMBs agree they could focus more on efficiency and cost control. Cost-conscious SMBs spend more time on cash flow and spending management during expansion (74% vs 45%) and face fewer challenges afterward, such as invoice reconciliation (10% vs 59%). Integrated solutions automate spend management.
Impact and considerations
SMBs need integrated automated solutions to manage spend, improving efficiency and reducing expansion challenges for sustainable growth.
Key points
- 85% of SMBs agree they could focus more on efficiency and cost control.
- Cost-conscious SMBs spend more time on cash flow and spending management during expansion (74% vs 45%).
- Cost-conscious SMBs face invoice reconciliation issues at only 10% versus 59% for others.
- Integrated solutions automate spend management and improve visibility.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 29 Jun 2022, 19:47
- Page published
- 16 Aug 2026, 08:08
- Last updated
- 29 Jun 2022, 19:47
- Original links
- SAP Concur Blog：Get Smart About Managing Company Spend and Watch Your Business Grow (opens in a new tab)Primary source · en · Published 29 Jun 2022, 19:47