SAP Concur: Automating Travel and Expense Is Not Out of Reach for SMBs
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SMBs often delay travel and expense management automation due to lack of IT resources, but the efficiency gains and cost savings from automation are equally significant for small businesses. Cloud-based mobile tools lower implementation barriers, enabling small companies to gain real-time spend visibility.
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- SAP Concur BlogSAP Concur: Automating Travel and Expense Is Not Out of Reach for SMBs
The article notes that SMBs face challenges including improving employee productivity, cash flow, and visibility. Travel and expense is the second largest controllable area of business spend, and automation can help address these issues. However, more than 70% of small businesses say lack of IT expertise causes them to delay implementing IT solutions. The article cites DRC Capital, a 16-person company, as an example that small businesses can also benefit from automation, achieving faster processing, time savings, greater employee satisfaction, and cost savings.