Digital Transformation in Aerospace, Defense, and Government Contracting: How T&E Modernization Imp…
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The aerospace and defense industry faces strict DCAA compliance requirements, and inefficient T&E management can lead to audit risks and compliance challenges. Modern T&E systems can provide more rigorous audit trails, real-time spend visibility, and help organizations meet government contract requirements.
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- SAP Concur BlogDigital Transformation in Aerospace, Defense, and Government Contracting: How T&E Modernization Imp…
A SAP Concur blog post explores digital transformation of travel and expense (T&E) management in the aerospace, defense, and government contracting industry. Research suggests inefficiencies in T&E management can lead to as many as 20% of expense reports being delayed or lost, heightening the risk of triggering Defense Contract Audit Agency (DCAA) audit issues. An IDC report found 90% of decision-makers see room to improve spend controls. The article recommends modern T&E solutions with FedRAMP moderate certification, multi-factor authentication, and encrypted data transmission, and emphasizes change management best practices.