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SAP Concur Highlights Five Overlooked Spend Management Issues in Business Growth
1reports1reporting sources2022-06-29Update
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For expanding businesses, spend visibility and process automation directly affect cost control and growth feasibility. The framework helps finance and travel managers identify management blind spots.
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6月29日
- SAP Concur BlogSAP Concur Highlights Five Overlooked Spend Management Issues in Business Growth
SAP Concur published an article identifying five spend management issues businesses often overlook during expansion: insufficient preapprovals making future spending hard to forecast; limited audit resources while errors and fraud typically consume 5% of annual revenue; insufficient process automation; big data that is hard to turn into usable insights; and unclaimed VAT refunds in cross-border operations. The article suggests expanding SAP Concur solutions to address these challenges.