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How AP Automation Can Help SMBs Gain Better Control Over Spend

1reports1reporting sources2022-06-29Update

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For SMBs, AP automation can improve finance process efficiency, spend visibility, and cost control, supporting recovery and growth amid economic uncertainty.

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6月29日
  1. SAP Concur Blog
    How AP Automation Can Help SMBs Gain Better Control Over Spend

    SAP Concur blog cites an Oxford Economics report: 82% of businesses with 1,000 or fewer employees identified new gaps in cash flow management tools and finance processes due to COVID-19. 53% say the pace of digital transformation is speeding up. Among those who digitized invoice management, 43% saw increased organizational agility and resiliency, and 25% saw increased visibility into spending and reduced costs. The article recommends AP automation via solutions like Concur Invoice to gain real-time spend visibility, reduce manual errors, and optimize cash flow.