Are Your Business Spending Processes and Metrics Up to the Times?
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For finance and travel expense managers, the post offers quantifiable KPIs and automation benefit references, including corporate card rebates, expense report processing time savings, and mileage accuracy, helping assess improvement opportunities in current spend management processes.
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- SAP Concur BlogAre Your Business Spending Processes and Metrics Up to the Times?
A SAP Concur blog post examines whether corporate spending processes and key performance indicators need updating. It recommends focusing on several areas: paying expenses with corporate cards improves spend control and visibility and can yield rebates of up to 2%; automated receipt management shortens paper trails, and companies using SAP Concur solutions average 36% time savings in expense report handling; manual mileage tracking can result in as much as 15% more miles than actually traveled, while GPS-enabled mobile apps improve accuracy; and AI-based auditing reduces manual review burden. It also suggests measuring budget-versus-actual variance, employee refunds or updates, and adding o…