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How to Give Your Finance Team the Financial Visibility It Needs

1reports1reporting sources2022-06-29Update

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Unexpected costs in expense management can consume significant finance team time for reconciliation and affect year-end reporting accuracy. Improving spend visibility through process improvements and technology can help reduce compliance risks and financial losses.

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6月29日
  1. SAP Concur Blog
    How to Give Your Finance Team the Financial Visibility It Needs

    The article presents eight best practices for improving expense management processes to help finance teams avoid surprises such as unaccounted expenses, missing receipts, and fines. Recommendations include: CFOs should take charge of expense report errors and view them as opportunities to improve processes and training; tighten expense management to reduce fraud risk; and leverage automation and mobile technology to enhance expense visibility and real-time data access.