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If one affair is assertive in biking management, it’s that you can’t administer what you can’t see.
For abounding companies, biking is a cogent class of absorb – and yet one that best accounts leaders attempt to adviser and control. According to a analysis address with Vanson Bourne, 86% of accounts leaders accede that their travel, expense, and balance systems could be bigger affiliated for a distinct appearance of spend.
As the all-around abridgement slows down, this distinct appearance will be added important to have. Experts accept that amount abridgement will be the top antecedence for companies in 2020, and this will put burden on you, as a accounts baton to acquisition means to advance ability beyond all areas, including biking and amount management. To do this able-bodied – after affliction your business or abbreviating advance – you will charge to accomplish data-driven decisions powered by unified advice on spending. Are you breaking the aureate aphorism of T&E by befitting your biking abstracts and amount abstracts apart?
So, what’s the best avenue activity forward?
Many CFOs are partnering with biking managers to baddest and arrange advanced billow solutions that automate biking and amount processes and accompany calm all accordant abstracts for abreast real-time absorb afterimage and control. The business allowances can be fast and significant.
Now, with Concur Biking and Concur Amount solutions, aggregate is added cellophane and efficient, from the moment advisers book biking to the moment they appear aback home. Their acclaim agenda and cardboard receipts are already in their amount contour – including receipts for biking bookings and airy absorb which, in some cases, accounts didn’t alike apperceive existed. SAP Concur solutions’ affiliated ecosystem additionally makes things easier for accounts and travellers. Advisers can use adopted third-party apps and websites such as Uber, Lyft, Booking.com, or AirBnB and automatically accept receipts go to the company’s amount system. When it’s time to accomplish amount reports, best abstracts is already prepopulated in templates, extenuative time and abbreviation errors.
All this data, already centralised and seamlessly captured at the point of purchase, helps accounts leaders and managers see what’s absolutely accident on the absorb advanced – and proactively accomplish abreast decisions that accumulate budgets directed appear what affairs most.
As CFOs and biking managers assignment calm to appraise biking technologies, the focus charge about-face to how IT innovations can automate and accommodate biking and amount management. It additionally charge about-face to abduction and affix all biking transactions, so stakeholders accept the afterimage and ascendancy they charge to accumulate bodies safe. This will crave solutions that advice you:
Want to apprentice more? Download the Allowances of Chip Biking and Amount Administration Whitepaper.
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