SAP Concur Highlights Digital Spend Management for Volatile Times
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For corporate travel and finance managers, this content underscores the need for digital spend management tools in uncertain times and provides specific cost and time savings data that can serve as a reference for evaluating the ROI of spend management solutions.
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- SAP Concur BlogSAP Concur Highlights Digital Spend Management for Volatile Times
SAP Concur published an article emphasizing that in the economic volatility caused by the pandemic, businesses need to digitalize spend management to monitor costs and cash flow. The article notes that finance teams need deep insight into every aspect of company spend, and SAP Concur solutions integrate, automate, and make spend management processes accessible on any device. It also cites an AMI Partners study showing SAP Concur solutions lead to 25% greater cost savings on travel and expense management (US$40,000 per year) and 16% more time saved (122 hours per week) compared to major competitors, and 21% greater cost savings on invoice management ($42,000 per year) and 35% more time saved…