Why Some Financial Decision Makers are Skeptical of Automation, and Why They Shouldn’t Be
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SMB financial decision-makers can learn about the tangible benefits of automation in expense, travel, and invoice management, weighing upfront costs against long-term returns to improve operational efficiency and compliance.
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- SAP Concur BlogWhy Some Financial Decision Makers are Skeptical of Automation, and Why They Shouldn’t Be
SAP Concur blog cites an AMI Partners survey of over 400 financial decision-makers at SMBs, identifying barriers to automation such as lack of IT expertise, cost, and resources. However, automation delivers time savings (15% decrease in expense report processing time, 16% decrease in invoice processing time), cost savings (average annual savings of $30,000 for T&E automation and nearly $34,000 for invoice automation), improved employee satisfaction (up to 80% reduction in reimbursement time), and better compliance.