SAP Concur Blog: Spending Your Way to Intelligent Business Growth
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The article gives finance leaders a case for unifying travel, expense, and invoice management to support growth decisions, and cites data on the prevalence of manual spend management among SMBs, offering reference value for assessing the benefits of T&E system integration.
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- SAP Concur BlogSAP Concur Blog: Spending Your Way to Intelligent Business Growth
A SAP Concur blog post cites a CFO paper stating that successful growth requires a strategic and smart approach rather than a scattershot one. Dr. Christian Campagna, senior managing director for CFO and enterprise value at Accenture Strategy, says it is a delicate balancing act of reallocating spending to fund the new business while maintaining the established business. Citing Aberdeen Group's 2018 T&E Expense Trends and Benchmarking Spending report, the article says 60% of small and midsize businesses still use spreadsheets and other manual systems to track spending, leaving most finance leaders without the real-time visibility, insights, and controls they need. It recommends a unified sy…