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SAP Concur Releases Finance Automation Checklist for Growing Businesses

SAP Concur released a new checklist, "5 Ways Finance Automation Can Help Your Growing Business," examining improvements growing businesses can achieve by automating travel, expense, and invoice management. It cites Analysys Mason 2022 research: 32% less time to approve expenses, 26% less budget overspending, 24% reduction in late invoice payments, and 29% less time spent by AP and finance teams to capture invoices. The checklist recommends automated solutions that track expenses automatically with near real-time updates, provide better data and visibility, guide expense policies, manage invoices, and scale with the business.

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Impact and considerations

The checklist provides quantified benchmarks for growing businesses evaluating travel and expense automation, potentially influencing finance system procurement and travel expense control capabilities.

Key points

  • SAP Concur released a new checklist, "5 Ways Finance Automation Can Help Your Growing Business."
  • It cites Analysys Mason 2022 research finding 32% less time to approve expenses.
  • It cites data showing 26% less budget overspending, 24% reduction in late invoice payments, and 29% less time spent by AP and finance teams to capture invoices.
  • The checklist recommends automated solutions that track expenses automatically and deliver near real-time spending updates.
  • The checklist recommends solutions that provide better data and visibility, guide expense policies, manage invoices, and scale with the business.

Sources and time

Primary source
SAP Concur
Other sources
0
First source publication
8 Jan 2024, 18:57
Page published
14 Aug 2026, 08:17
Last updated
8 Jan 2024, 18:57
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