Finance Needs Better Spend Visibility and Control Now – And You Hold the Key

Finance Needs Better Spend Visibility and Control Now – And You Hold the Key

SAP Concur
Published by: Research Desk Released: May 01, 2020

Help Deploy Mobile Apps That Free Up Employees and Give Finance Spend Control

We’re all living in uncertain times – and they make enterprise spend visibility and control more important than ever. But many finance leaders often struggle to achieve this – especially for categories of employee spending such as travel, expenses, and invoiced spend.

At the same time, your business needs to get the most from your employees, whether they are working remotely or on site. This means eliminating onerous, manual processes that not only distract employees from what’s most important, but also add to their frustration and stress.

As an IT leader, you can help finance realize these goals by helping them deploy intuitive mobile apps that turn essential finance processes into a win-win by eliminating paper and manual data entry, feeding data into finance systems, and automatically applying spend controls along the way. They empower employees to snap receipt photos, use GPS tracking for mileage, automatically categorize expenses in paperless reports, and give finance real-time, accurate spend visibility and control. Even invoice management can be automated and used to bring more control, compliance, and savings back to your business. And because all spend data is in one place, your finance team and budget managers can use roles-based dashboards and spend alerts to manage spending before it happens.

Want to learn more – and understand why collaboration with IT and HR is essential to success? Read Forrester’s new paper, “Improve Travel, Expense, and Invoice Management to Drive Better Employee Experience.”