SAP Concur: Manual Expense Processes May Be Holding Small Businesses Back
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For travel and expense managers, the post highlights hidden costs and data blind spots of manual processes, offering internal justification for reviewing expense policy and investing in automation.
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- SAP Concur BlogSAP Concur: Manual Expense Processes May Be Holding Small Businesses Back
A SAP Concur blog post argues that small businesses still tracking expenses manually may miss opportunities due to poor visibility and inefficient processes. It recommends cloud-based automated spend management so employees can file expenses on the road and managers can see up-to-date data in real time. The post suggests estimating manual-process cost as hours spent multiplied by employee hourly wage, and stresses that automation enhances existing processes, so companies should first fix or create an expense policy before automating.