SAP Concur: Compliance and Accountability in State and Local Government Spend Management
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Finance and IT leaders in state and local government agencies need to assess pandemic-era rushed spend systems and consider integrated spend management platforms to improve compliance, reduce fraud, and enhance spend visibility.
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- SAP Concur BlogSAP Concur: Compliance and Accountability in State and Local Government Spend Management
SAP Concur published spend management guidance for state and local government organizations, noting the pandemic forced rapid digitization and organizations should now assess those rushed fixes. The T&E spend violation rate skyrocketed 292% from 2019 to 2020. Government fraud varies by level: national government 46% affected ($200,000 median loss), state government 27% ($56,000), local government 25% ($125,000). It recommends finance and IT collaboration and digital spend management tools. An IDC report found 90% of decision-makers see room to improve spend control.