Automated Credit Card Reconciliation: Big Returns for Small Businesses
This SAP Concur blog post emphasizes the importance of automated credit card reconciliation for small businesses. Manual reconciliation is time-consuming and can miss out-of-policy spending and fraud. The article cites that fraud lasts an average of 14 months before detection, and 76% of cases are committed at employee or manager level. Using SAP Concur solutions can reduce approval time by 32%, save 13 hours per finance employee per week, save $18 per expense report, and achieve positive ROI in 8 months.
Impact and considerations
Provides quantified benefits of automated credit card reconciliation for small businesses, helping reduce fraud risk and improve financial efficiency.
Key points
- Manual reconciliation is time-consuming and can miss out-of-policy spending and fraud.
- Fraud lasts an average of 14 months before detection; 76% committed by employees or managers.
- Automation can reduce approval time by 32%.
- Save 13 hours per finance employee per week.
- Save $18 per expense report and achieve positive ROI in 8 months.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 14 Mar 2023, 15:45
- Page published
- 14 Aug 2026, 08:25
- Last updated
- 14 Mar 2023, 15:45
- Original links
- SAP Concur Blog：Automated credit card reconciliation: You Don’t Need to be Big to Get Big Returns (opens in a new tab)Primary source · en · Published 14 Mar 2023, 15:45