SAP Concur: How Expense Automation Supports Business Recovery and Growth
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For finance and travel managers, the post offers survey data on SMB digitalization intent that can inform prioritization of expense automation investment and cash-flow management.
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- SAP Concur BlogSAP Concur: How Expense Automation Supports Business Recovery and Growth
A SAP Concur blog post argues that controlling spend and optimizing cash flow can help companies of all sizes be more resilient, but manual expense management processes make that elusive. It cites a 2020 Oxford Economics survey of 2,000 small and midsize businesses: almost all respondents plan to shift manual finance processes into the digital realm over the next few years; 45% expect to increase efficiency by minimizing error, risk, and cost, 43% expect to boost productivity via transformation and intelligent process automation, and 40% expect to free up employees for higher-level tasks. The post promotes Concur Expense features such as customizable expense policies, expense visibility, an…