Adopting Spend Automation to Maximize New Funding
先了解这件事
For companies that have received new funding or are pursuing finance digitization, the post offers a benefits framework and quantified references for spend automation, including compliance rates, fraud losses, and ROI timelines, helping prioritize finance process improvements.
AI 根据报道生成
报道时间线
沿着报道，了解事件的不同侧面。
- SAP Concur BlogAdopting Spend Automation to Maximize New Funding
A SAP Concur blog post aimed at companies that have received new funding recommends digitizing and automating spend management—employee expenses, vendor invoices, and travel costs—to maximize the value of that funding. It says automation can improve business intelligence and actionable insights, help make contingency plans, strengthen working capital, improve spend visibility, and find cost-saving opportunities. It cites data showing roughly 20% of expenses fall out of policy and organizations lose an estimated 5% of revenue to fraud each year, and a 2022 Analysys Mason survey showing companies saw positive ROI within 8 months on average after implementing travel and expense and/or vendor i…