Improving Financial Visibility: Automating Expense Management
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For finance and IT leaders, this content provides industry insights on how automated expense management solutions can address visibility gaps and improve decision-making efficiency. The cited survey data helps assess the maturity of current processes and the urgency for improvement.
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- SAP Concur BlogImproving Financial Visibility: Automating Expense Management
A SAP Concur blog post emphasizes the importance of financial visibility, noting that without comprehensive reporting tools, there are gaps in spend visibility, especially in employee spend and accounts payable. It cites a 2017 Forrester survey of 378 global finance and IT leaders, showing only 38% of companies are very satisfied with their T&E reporting and analytical capabilities. Manual processes like spreadsheets are slow and error-prone. The article recommends automated cloud-based solutions to improve data accessibility, reduce data entry time, and cut reporting time from weeks to minutes. The same survey shows 38% of IT and finance decision makers cite increasing automation as a top…