Dynamic Spend Management: Adapting to New Workforce Needs in Higher Education
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Higher education institutions face spend management complexities from hybrid work models, including equipment reimbursement, telecommunication costs, travel policy updates, and invoice processing. Automation solutions can help institutions improve efficiency and adapt to the new normal.
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- SAP Concur BlogDynamic Spend Management: Adapting to New Workforce Needs in Higher Education
A SAP Concur blog post discusses how higher education institutions are adapting to hybrid work models. It cites Future Forum's Remote Employee Experience Index data: 83% of employees across all industries no longer want to work in-person five days a week, and 20% indicated they wanted to work remotely full-time. The article suggests institutions rethink staffing for online and in-person instruction, parking policies, technology tools, and more, while managing campus expectations. It mentions task forces at UCLA, Boston University, and Duke, and automation cases at the University of Alabama and Penn State University. Penn State processes more than 240,000 expense reports a year and saw no ba…