How Automation Meets Evolving Needs of Growing Businesses

Your business is growing, but so are challenges, like once-sufficient paper-based manual processes being overrun by your size. You’re losing sight of where money is going and risks are rising, because throwing people at the problem and trying to plug gaps aren’t efficient or permanent solutions. 

Automating your travel, expense, and invoice management processes and technology can restore the clarity and efficiency a once-smaller business previously enjoyed while making it ready for change the future brings. Our new checklist, 5 Ways Finance Automation Can Help Your Growing Business, examines the improvements that are possible and what you should look for in technology solutions that deliver benefits like: 

• 32% less time to approve expenses¹
• 26% less budget overspending because of greater visibility²
• 24% reduction in late invoice payments³
• 29% less time spent by AP and finance teams to capture invoices⁴

Count the Ways Automation Can Help Handle Growth

Read about what to look for in an automated finance solution, including examples of how other businesses successfully put SAP Concur solutions to work.

Get the checklist

5 Steps to Regaining Control and Visibility 

To assess your needs and put more effective finance processes in place, seek an automated solution that: 

• Tracks expenses automatically and delivers near real-time updates of spending, which strengthens control as well as agility. 
• Provides better data and visibility so that decision-making capabilities grow with the business. 
• Guides expense policies that improve monitoring of costs and readily adapts and communicates the travel, expense, and AP policies. (The checklist includes links to a free policy template to get started). 
• Manages invoices by making it easy to capture receipts quickly and sends invoices promptly after customers receive goods or services. 
• Preserves time and money and can readily expand as your business changes and grows. 

Start Checking Your List and Accessing Resources 

Improving the efficiency, productivity, and compliance of your now larger business are just several benefits of investing in a scalable, automated finance solution. In addition, you will increase your company’s resilience and make it ready for the future, which are valuable assets amid global instability, economic uncertainty, and other factors that make predicting the times ahead highly difficult.  

Download the checklist to learn more and access links to the policy template, additional automation benefits, and case studies on how SAP Concur solutions helped businesses gained visibility, speed, and accuracy in their operations. 

1-4. ANALYSYS MASON 2022, TRAVEL, EXPENSE, AND VENDOR INVOICE MANAGEMENT STUDY.