Level Up Spend Management in Aerospace, Defense, and Government Contracting
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A 292% surge in the T&E spend violation rate from 2019 to 2020 indicates significant compliance risk from post-pandemic remote work models. The cited $777,000 in annual savings and 65% more compliant expense reports give aerospace, defense, and government contracting organizations a quantified reference for evaluating…
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- SAP Concur BlogLevel Up Spend Management in Aerospace, Defense, and Government Contracting
A SAP Concur blog post argues that aerospace, defense, and government contracting organizations should assess the rushed digital fixes implemented during the pandemic. It cites data showing the T&E spend violation rate skyrocketed 292% from 2019 to 2020, and 90% of decision-makers say there is room to improve how they control spend. Organizations deploying an integrated spend management platform reported $777,000 in annual savings on business travel and expense reporting costs.