Research Shows Public Sector Faces Challenges Modernizing Travel & Expense Management
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The research provides data supporting the modernization of public sector travel and expense management, highlighting pain points in compliance, efficiency, and system integration, offering reference value for finance and IT decision-makers in related industries.
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- SAP Concur BlogResearch Shows Public Sector Faces Challenges Modernizing Travel & Expense Management
SAP Concur published a blog on November 19, 2024, citing Wakefield Research to reveal challenges public sector organizations face in travel and expense management. Data shows 29% of healthcare organizations still rely on manual data entry, higher education institutions spend 64 days processing vendor payments, 38% of state and local government T&E solutions fail to meet regulatory requirements, 99% of aerospace and defense contractors face security mandates but nearly a third of systems fall short, and 100% of energy and utilities organizations face new security mandates but 34% acknowledge current solutions are inadequate.