Finance Team Can Lead the Push for Productivity

Inflation hasn’t gone away, the supply chain is still missing links, and qualified employees are hard to find even if you are allowed to hire some. On top of that, expectations have shifted among finance team members – and business-wide, for that matter – about where and how they will work.  

It’s a combination that adds up to doing more with less and requires the agility to do business from in or out of the workplace. As a result, increasing productivity through automation and other tools has become highly important to many companies. A good place to start the push for productivity is the finance team itself.  

Our e-book, 4 Ways to Optimise Finance Productivity, examines how finance leaders and their teams not only can increase their productivity but also that of the entire business. It also looks at how reducing manual tasks and automating and streamlining technology and processes can improve the ability to weather disruptions and make for a better employee experience.  

If your business is starting or expanding automation, SAP® Concur® solutions can be your partner in the effort to help team members and the business reach their full potential. 

Work as a single team, not in silos 

Having a teamwork, no-silos mindset is a key step for finance teams. Their familiarity with spending and multiple departments and processes is an asset that positions your team to provide the information that allows other teams to make better spending decisions and foster company culture and agility, too. Finance and IT teams, working with SAP Concur solutions, can ensure spending data is connected, visible, and improves strategy and productivity across the business.  

Add productivity, not processes 

Taking the hassle out of spend management has multiple benefits. First, fellow employees will appreciate that the finance team made processes and their lives easier. Second, fast and integrated digital tools give your team better spending information and reduce tedious tasks. For example, Concur Expense captures corporate card and electronic receipts and sends the data to expense reports, making them easier for employees to complete. Extending expense automation to accounts payable, Concur Invoice uses intelligent automation to gather, audit, route, approve, and pay invoices. 

Create scale, not stress 

With the focus firmly on productivity, the finance team and everyone else at your business is likely trying to get the most out of every day if not every hour. No one, including finance team members, needs to be hunting for information in spreadsheets or in emails when automation can curtail the chase. SAP Concur solutions can expand with your needs and help your team handle more expense reports, satisfy changing regulations, and fight fraud – without adding staff or complexity. And additional services can provide end-user support and coaching for your team. 

Look forward, not backward 

Once your team is free of time-eating manual processes and has reliable data, you can shift the focus to improved forecasting and planning. SAP Concur solutions deliver reports and dashboards that provide an up-to-date view of spending. Your team, now having the time, can collaborate with business leaders and others on strategy. Additional solutions can expand that toolkit. Intelligence, helps your team gain actionable insights into expense, travel, and AP data, while Budget lets your business track spending so they can stick to budget and the plan. 

Following the productivity path 

Get the e-book to explore ways the finance team can help your company gain the productivity it needs. With insights and best practices in hand and SAP Concur solutions as a partner, you can gain the freedom to realise your potential.