Oxford Economics and SAP Concur Study: How Finance Tools Fuel Business Growth
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The study shows cost-consciousness and spend visibility directly affect expansion outcomes: 62% of non-cost-conscious enterprises struggle to react quickly to roadblocks versus 28% of cost-conscious ones. This gives finance and travel managers evidence to support data-driven spend management in growth decisions.
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- SAP Concur BlogOxford Economics and SAP Concur Study: How Finance Tools Fuel Business Growth
The SAP Concur blog highlights a study by Oxford Economics and SAP Concur that surveyed 500 finance and IT executives worldwide, 350 of whom came from companies with 1,000 or more employees. The study found that large global enterprises often struggle harder than smaller companies with expansion challenges, as scale and complexity make more data, invoices, and administration difficult to handle. It identifies visibility into spending and attention to cash flow as pillars of successful growth, and argues that investing early in digital finance transformation to automate spend management makes sense.