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Small Business Growth Tips: Keep Overhead Low

1reports1reporting sources2022-06-29Update

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SMB owners and financial decision-makers can learn about the importance of cost-consciousness for sustainable growth and the operational challenges that may arise from lacking spend control.

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6月29日
  1. SAP Concur Blog
    Small Business Growth Tips: Keep Overhead Low

    SAP Concur blog shares small business growth tips, emphasizing cost control for expansion. Citing a report by SAP Concur and Oxford Economics, 93% of cost-conscious SMB executives agree they have the right platforms and systems to adapt to growth, versus 79% of less cost-conscious executives. SMBs that do not prioritize spending face administrative issues (59%), increased travel and expense reporting (52%), onboarding problems (48%), and digital security challenges (45%).