How E-receipts Are Transforming Expense Management
SAP Concur published an article on e-receipts in expense management. Citing a GBTA study, nearly half of all paper receipts get lost or discarded before being recorded. E-receipts streamline reporting, improve accuracy, and reduce administrative burden through digital processes. The article states businesses using Concur Expense report a 32% reduction in approval times and save an average of $54,000 annually on administrative costs. ACFE data shows businesses lose up to 5% of revenue to fraud annually, while T&E spending can account for 10-12% of annual budget.
Impact and considerations
The article provides data on e-receipt benefits for expense managers, helping companies evaluate investment in digital expense management tools.
Key points
- A GBTA study shows nearly half of all paper receipts get lost or discarded before being recorded.
- E-receipts streamline reporting, improve accuracy, and reduce administrative burden through digital processes.
- Businesses using Concur Expense report a 32% reduction in approval times and save an average of $54,000 annually on administrative costs.
- ACFE data shows businesses lose up to 5% of revenue to fraud annually, while T&E spending can account for 10-12% of annual budget.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 15 Apr 2025, 18:51
- Page published
- 13 Aug 2026, 08:33
- Last updated
- 15 Apr 2025, 18:51
- Original links
- SAP Concur Blog：How E-receipts Are Transforming Expense Management (opens in a new tab)Primary source · en · Published 15 Apr 2025, 18:51