SAP Concur: Use Expense Category Summaries to Keep Spend on Track
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For finance and travel managers, the accuracy of expense category data directly affects budget control and cash flow forecasting. The peer benchmarking and best practices offered can help businesses identify spend leaks and optimize approval workflows.
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- SAP Concur BlogSAP Concur: Use Expense Category Summaries to Keep Spend on Track
SAP Concur published a blog recommending that businesses use expense category summary data to manage budgets. The article cites a Forrester report that 60% of IT decision makers are unsatisfied with T&E reporting and analytical capabilities, and notes that 75% of finance leaders say their business often exceeds expense, travel, and invoice budgets. SAP Concur recommends a single platform, employee education, and audit rules to improve spend visibility, and regularly running spend-by-expense-category reports.