Right Tools and Approach Improve Spend Visibility and Control
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For finance and travel-expense managers, the article attributes poor spend visibility to disconnected processes, bottlenecks, and incomplete data, and notes that supplier-direct purchases and event spending can be overlooked. It stresses that a centralized platform, ERP integration, and AI tools can help track where m…
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- SAP Concur BlogRight Tools and Approach Improve Spend Visibility and Control
SAP Concur discusses how companies can improve spend visibility and control. The article says that amid recent turbulence and change, controlling and seeing company spending is more important than ever; while many businesses have automated and improved processes, opportunities remain to achieve better visibility, efficiency, compliance, and insight. It lists seven capabilities to look for in spend management solutions: consolidating data into a single platform; capturing every travel booking (such as Concur TripLink); integrating travel, expense, and invoice data into ERP; automating mileage (such as Drive); empowering budget managers (such as Budget and Concur Request); leveraging AI tools…