SAP Concur: How Automated Expense Management Frees Finance to Focus on What Matters Most
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For SMB finance leaders, the ROI of automated expense management now has quantified evidence, helping them improve spend control and compliance confidence with limited headcount.
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- SAP Concur BlogSAP Concur: How Automated Expense Management Frees Finance to Focus on What Matters Most
SAP Concur argues that manual and spreadsheet-driven processes have an even bigger impact on the efficiency and growth goals of small-to-midsize businesses (SMBs) given their resource constraints. It cites research that 41% of businesses have a paper-based expense process, 26% use spreadsheets to manage expenses, and 73% do not use automated expense management systems at all. It lists four categories of reasons SMBs have not automated, and cites AMI-Partners data that automated spending solutions deliver significant savings: improved tracking saves finance firms US$28,000 per year and retail businesses $33,000 per year; more-accurate data saves professional services firms $39,000 per year;…