SAP Concur: Essential Financial KPIs for Strategic Spend Analysis
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The post offers an actionable KPI framework and automation benefit data, helping travel and finance managers design spend analysis metrics and evaluate T&E management tools.
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- SAP Concur BlogSAP Concur: Essential Financial KPIs for Strategic Spend Analysis
A SAP Concur blog post outlines essential financial KPIs for travel and expense (T&E) spend analysis, including total spend, category spend breakdown, supplier performance, traveler behavior, cost per trip, compliance rate, report cycle time and ROI. It says KPIs can improve spend visibility, cost control, process efficiency and decision-making. It also cites the Analysis Mason 2022 study: solutions like SAP Concur helped organizations achieve a 28% reduction in excess mileage claims, a 26% decrease in budget overspending and a 26% increase in tax reclaim.