Three Tips to Manage the End-Of-Year Expense Report Rush With Ease
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For finance and expense managers, the year-end expense report rush is a foreseeable operational pressure, and planning ahead and automating payments can reduce late reimbursements, lower errors and improve cash flow visibility.
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- SAP Concur BlogThree Tips to Manage the End-Of-Year Expense Report Rush With Ease
An SAP Concur blog post notes that according to 2022 customer data, the volume of expense reports in December was 20% higher than the rest of the year, putting pressure on finance teams and increasing the risk of late reimbursements. The article offers three tips: plan ahead and identify process bottlenecks; clarify expense policy and set cutoff dates; and use automation to improve processing efficiency. SAP Concur's Expense Payment Manager can automate payments to employees and corporate card partners in 25 currencies.