SAP Concur Releases Finance Automation Checklist for Growing Businesses
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The checklist provides quantified benchmarks for growing businesses evaluating travel and expense automation, potentially influencing finance system procurement and travel expense control capabilities.
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- SAP Concur BlogSAP Concur Releases Finance Automation Checklist for Growing Businesses
SAP Concur released a new checklist, "5 Ways Finance Automation Can Help Your Growing Business," examining improvements growing businesses can achieve by automating travel, expense, and invoice management. It cites Analysys Mason 2022 research: 32% less time to approve expenses, 26% less budget overspending, 24% reduction in late invoice payments, and 29% less time spent by AP and finance teams to capture invoices. The checklist recommends automated solutions that track expenses automatically with near real-time updates, provide better data and visibility, guide expense policies, manage invoices, and scale with the business.