Getting Your Company on Board with Spend Automation
SAP Concur offers arguments for adopting spend automation. Organizations using SAP Concur solutions achieved an average 406% return on investment over three years, with a payback period of just 5.1 months. After adoption, they reported a 72% reduction in lost receipts, a 53% decrease in expense reporting errors, and a 55% reduction in auditing efforts. The article recommends tailoring the business case to stakeholders including CFOs, AP, IT, and HR, and emphasizes automation supports AI, tax compliance, and spend management under remote work.
Impact and considerations
ROI and compliance data on spend automation can help finance and travel teams build internal business cases and drive digital transformation decisions.
Key points
- Organizations using SAP Concur solutions achieved an average 406% ROI over three years, with a payback period of just 5.1 months.
- After adoption, they reported a 72% reduction in lost receipts, a 53% decrease in expense reporting errors, and a 55% reduction in auditing efforts.
- The article recommends tailoring the business case to stakeholders including CFOs, AP, IT, and HR.
- Automation is the foundation for AI, supporting receipt recognition, trip personalization, and fraud deterrence.
- Amid tax compliance digitalization, automation can help manage multi-jurisdiction compliance and VAT recovery.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 18 May 2023, 20:04
- Page published
- 14 Aug 2026, 08:24
- Last updated
- 18 May 2023, 20:04
- Original links
- SAP Concur Blog：Getting Your Company on Board with Automating Company Spend (opens in a new tab)Primary source · en · Published 18 May 2023, 20:04