SAP Concur: A 90-Day Guide for New Finance Leaders
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For finance leaders, quickly understanding spend, systems, and vendor relationships is foundational to controlling costs, optimizing cash flow, and making effective decisions.
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- SAP Concur BlogSAP Concur: A 90-Day Guide for New Finance Leaders
A SAP Concur blog post offers a 90-day framework for new finance leaders, starting with understanding the company's finance processes and best practices. It recommends diving into the numbers and knowing spend, gathering primary reports such as the income statement, cash flow statement, balance sheet, budget vs. actual reports, annual reports, accounts receivable aging report, and current and past forecasts. If finance and accounting processes are automated, real-time data and a clear picture of day-to-day numbers should be available. It also advises learning industry financial best practices, proactively learning finance systems, understanding business fundamentals, and getting a handle on…