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SAP Concur: Cash vs. Credit Card Spend: Does it Really Impact Corporate Savings?
1reports1reporting sources2022-06-29Update
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This content provides finance and travel managers with strategies to limit cash use and promote corporate cards, helping companies improve spend visibility, reduce fraud risk, and increase rebate revenue.
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6月29日
- SAP Concur BlogSAP Concur: Cash vs. Credit Card Spend: Does it Really Impact Corporate Savings?
SAP Concur published a blog post discussing the impact of cash versus credit card spending on corporate savings. The article notes that non-compliant cash spending is difficult to track and can lead to fraud and waste. In contrast, card payments are cheaper, easier to track, and provide better data quality and corporate rebates. It cites Harvard Business Review data indicating that organizations can almost always find 15% to 20% of spending that hasn't been managed closely.