SAP Concur: Controlling T&E Spend Through Automation
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For finance and travel managers, T&E spend control directly affects budgets, compliance and traveler safety. Automated audit and spending rules can improve compliance, reduce fraud and deliver quantifiable savings without adding headcount.
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- SAP Concur BlogSAP Concur: Controlling T&E Spend Through Automation
SAP Concur published an article on how companies can strengthen T&E spend oversight without adding headcount. T&E can account for as much as 10% of a company's budget, and greater employee spending power raises risks of fraud, compliance breaches and traveler safety. SAP Concur offers mobile tools that help write expense reports, automatically applies spending controls and targeted audit rules, and Concur Audit uses objective experts to review reports against internal policies and regulatory requirements. An IDC infographic shows that after implementing SAP Concur, 62% more employees followed T&E policies, lost receipts fell 67%, auditing staff was 28% more efficient, and businesses saw ave…