Is Automation the Overlooked Secret to Small Business Growth?
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For SMB finance and travel-expense managers, the post offers concrete data on how manual processes impede growth, useful when weighing the return on expense and invoice automation.
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- SAP Concur BlogIs Automation the Overlooked Secret to Small Business Growth?
A SAP Concur blog post argues that process automation is an overlooked key to small-business scaling. It cites an AMI-Partners study of SMB finance decision-makers: 69% reported cumbersome manual processes, 60% struggled to track spending and 56% dealt with missing paperwork. The post says cloud automation improves visibility into spending and cash flow, saves accounting teams 16% of their time (about 40 hours per week on invoice processing), makes expense reporting up to 80% faster for employees and delivers average annual savings of about $34,000.