Editor’s Note: This article originally appeared on SAP Concur’s website.
If your company is facing issues with expense, travel, and invoice management, you’re not alone. A commissioned study conducted by Forrester Consulting on behalf of SAP Concur, found that 60% of companies face issues with manual processes and timeliness due to their current tools.
Outdated legacy technology is one of the core causes of inefficient expense, travel, and invoice management. Manual processes are clunky, time consuming, vulnerable to human error, and lack visibility across company spend. The inaccuracies and slowdowns they cause can also lead to auditing headaches, additional work, and extra costs.
The other major issue facing companies in this area is the lack of alignment between the IT and finance departments. Sixty-one percent of firms say that IT is focused more on the usability and employee experience, and less on spend reductions. Conversely, 64% of firms say that finance is focused more on reducing spending, and less on usability and employee experience.
What if there was a solution that would increase visibility, save time, and cut costs–all while satisfying the needs of stakeholders in both departments? Click to continue>>
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