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Why HR Should Put Employee Spend on Its Radar

1reports1reporting sources2022-06-29Update

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Employee spend data now extends beyond finance to duty of care, tax compliance, and employee experience, making HR collaboration with finance and travel teams more important.

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6月29日
  1. SAP Concur Blog
    Why HR Should Put Employee Spend on Its Radar

    SAP Concur argues employee spend data helps HR address three enterprise risks: duty of care, interstate and global tax compliance, and employee experience. An Oxford Economics study found only 26% of companies feel very or completely effective at managing T&E compliance. The article recommends knowing in advance where employees travel or reside, placing itinerary data into tracking solutions, and connecting travel, expense, and payment data to support risk management and budget decisions.