Business Travelers Can Make a Bigger Environmental Impact
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The environmental footprint of business travel and inefficient paper processes are blind spots in corporate sustainability and cost control. Digitalization can improve efficiency, compliance, and sustainability simultaneously.
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- SAP Concur BlogBusiness Travelers Can Make a Bigger Environmental Impact
A SAP Concur blog post notes that business travel decisions are typically optimized for cost and time efficiency, not environmental sustainability, and many organizations still use paper-based booking and expense processes. IOFM found the average business receives 63% of invoices as paper, and 62% manually handle over 75% of paper invoices. APQC research shows finance workers spend 49% of their time processing transactions. The article recommends digitalization and automation to reduce environmental impact, citing NEC's case: reduced T&E management time by 40% and saved about $1.8 million annually with SAP Concur.