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Level Up Spend Management to Provide Transparency and Accountability

1reports1reporting sources2022-07-09Update

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This article provides best practices for spend management in relevant industries, emphasizing the importance of digitalization and automation for compliance and cost control, relevant for suppliers and the industry.

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7月9日
  1. SAP Concur Blog
    Level Up Spend Management to Provide Transparency and Accountability

    SAP Concur article targets aerospace, defense, government contracting, and utilities organizations, emphasizing assessment of pandemic-era digital fixes. Spend management platforms provide real-time visibility, budget control, and improved employee experience. Data shows T&E spend violation rate skyrocketed 292% from 2019 to 2020. 90% of decision-makers say there's room to improve spend control. Adopting integrated platforms can save $777,000 annually on travel and expense reporting, increase compliant reports by 65%, and reduce errors by 52%.