Your business – regardless of its size – probably operates in a modern and largely digital business environment. And yet many small and medium-sized businesses (SMBs) today are still using disjointed processes for booking travel and handwritten records to track and manage associated expenses.
As your company starts travelling again, it will be more important than ever to have full visibility into – and control over – travel and expenses so you can control costs, maximise cash flow, and direct funds where they are needed most.
But as you know, travel is notoriously difficult to manage, and formal programmes are often too costly and complicated for most SMBs today. So, many firms try to get by with the status quo of manual processes, homegrown systems or letting employees manage their own travel.
However, these fragmented, laborious approaches to travel and expense management not only hurt efficiency and productivity, as well as distract and frustrate employees, but they also give finance managers little control over travel-related decisions and costs.
SAP Concur solutions work by integrating travel and expenses into a single, connected experience for business travellers and finance leaders. It's a way to automate processes and make it easier and safer for your travellers.
When evaluating T&E solutions in the market, what should you look out for? Take a look at this Travel and Expense Buyers Guide to learn more.