Enhance Your Spend Management and Compliance with SAP Concur Solutions

Every time your company decides to spend a dollar, Yen, or Euro it’s a moment rich in both opportunity and risk. Each spending decision is a chance to invest in your business while controlling costs. But each decision brings the need to ensure employees comply with policies and the company with regulatory requirements. The pandemic and hybrid work shifted spending and companies shifted policies to keep up. Just look at the cost of “cleaning preparation” to confirm spending is full of surprises: we found It’s up 153%.

At the same time, businesses are trying to determine what’s a taxable employee benefits as governments hunt for revenue and revenue authorities push companies to change how they handle taxes. A Deloitte survey illustrates the push, with 9 in 10 respondents expecting digital tax administration to sizably impact operationswithin five years.

Margins and efficiency are vital, especially in a tight market with rising pay and challenging hiring. Nearly half of CFOs plan to double down on digital transformation tools for efficiency and growth, while many hope to increase automation to offset rising labor costs.

SAP Concur solutions can help. Our products can reduce non-compliant spend, raise regulatory compliance, improve budgetary controls, and increase the efficiency of AP and auditing. They can help you make each spending decision with clarity, certainty, accuracy, and confidence.