SAP Concur Advises CFOs to Focus on Employee Spend Management
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The article provides CFOs and senior finance leaders with key questions and data references for managing employee spend, helping improve spend visibility, compliance, and financial control.
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- SAP Concur BlogSAP Concur Advises CFOs to Focus on Employee Spend Management
SAP Concur published an article advising CFOs to focus on employee spend management. Citing SAP customer data, it notes that many companies saw their expense category 'Other' grow by 58% from 2019 to 2020. The article recommends CFOs ask their teams three questions: whether the travel and expense solution easily connects to other financial systems, whether it makes compliance easy for employees and managers, and whether it tracks rogue spend. It also cites an EIU research report stating almost 75% of US respondents reported an increase in rogue spending by employees.