SAP Concur: AI, Automation and Virtual Payments Are Reshaping Spend Management
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For finance and travel managers, the post shows concrete uses of AI and virtual cards in expense automation, compliance and real-time spend visibility, plus growth expectations for the virtual card market.
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- SAP Concur BlogSAP Concur: AI, Automation and Virtual Payments Are Reshaping Spend Management
A SAP Concur blog post says AI, automation and virtual payments are transforming spend management, making expense processes more integrated, automated and secure. It describes Concur Expense using ExpenseIt for photo-based automatic entry, itemization and categorization, and a Mastercard integration that auto-populates corporate card purchases. It also mentions an Extend virtual card integration embedded in Concur Invoice for invoice payments. Vantage Market Research expects the global virtual card market to triple by 2030.