SAP Concur Predicts Greater Integration and Connection in Expense Management in 2023
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For corporate finance and travel managers, tool integration and connection can enhance spending visibility, streamline processes, and improve employee experience. The survey data in the article highlights current pain points of fragmented systems and reimbursement delays, providing reference for technology investment…
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- SAP Concur BlogSAP Concur Predicts Greater Integration and Connection in Expense Management in 2023
A SAP Concur blog post predicts a marked shift in how workplace tools connect and integrate from 2023 into 2024. Citing an early 2022 SAP Concur pulse survey, it notes that 57% of U.S. finance managers use multiple applications, and 17% use multiple applications with no integration. Additionally, 86% of business travelers reported their company had been delayed in reimbursing expenses at least once in 2021, and 89% said delays impact their personal finances. The article argues that more integrated travel and expense solutions will provide better spending visibility, more efficient finance processes, and ultimately faster reimbursements.