SAP Concur: Fully Digitizing Spend Management Boosts Agility and Saves Costs
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For finance leaders, fully digitizing spend management can deliver quantifiable cost savings, improved agility, and reduced fraud losses, offering a practical investment direction for building business resilience.
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- SAP Concur BlogSAP Concur: Fully Digitizing Spend Management Boosts Agility and Saves Costs
SAP Concur cites a May 2021 Oxford Economics survey of over 500 senior business leaders across seven countries, finding increasing agility is the top goal but culture change and digitizing manual operations remain challenges. Among businesses that digitized expense, invoice, and cash flow management, 43% cite increased agility and resiliency from digitizing AP, 42% cite increased productivity from digitizing expenses, and 35% cite increased functional collaboration from digitizing cash flow management. AMI-Partners research found SMBs saved $30K annually with automated expense solutions and $34K with invoice solutions; Concur customers saved $39K annually with each solution. ACFE estimates…