Financial Leaders Have To Look At Travel And Cost Solutions Strategically

Travel and cost tools and capabilities must keep pace with the times in order to match the technologies and tools that employees are already using in their personal lives. Mobile and digital technology has expanded the way users conduct and track purchases in their personal lives, and employees now expect their employers to support those same abilities. Companies will now use mobile apps as a way to keep employees on track. Cost policy The most effective way. By giving users mobile travel and cost support, financial managers can provide real-time insight into cost trends and evolving travel plans.

For financial leaders, Administration Travel and expenses are a great challenge, but they do not have much time to deal with this problem. For all financial leaders, tracking travel expenses is a strategic element, but it is difficult to balance their needs. Financial leaders now need to use more intuitive tools to simplify travel and cost processes and provide critical insight into cost trends. Forrester found that in response to these challenges, 73% of enterprises will actively update or plan to update their travel and cost systems in the next 6 months.

New travel and cost investments are mainly concerned with supporting employees through improving process efficiency and improving data analysis and reporting. Financial leaders agree that supporting employees to make smarter decisions and comply with company policies is essential for effective travel and cost management. Therefore, the solutions needed by enterprises need to be user friendly, easy to deploy and integrate with existing systems. Like integrated travel booking and cost system and receipt information acquisition (automatic generation). Cost report This capability can play a vital role in helping to unify employee experience and promote compliance.

"Mike is committed to providing innovative solutions that enable financial managers to overcome the challenges posed by today's fast-paced digital business environment," said Mike Eberhard, President of Concur global distribution. With the support of the integrated Concur ecosystem, you can enable employees to make smart decisions with intelligent tools and applications, and at the same time gain insight into the cost savings. Our solution can help simplify and automate the travel, cost and invoice processes, facilitate staff to complete their tasks quickly, and provide accurate merger data to enable financial managers to manage the significant financial series effectively.

To carry out this research, Forrester conducted an online survey of 500 financial decision-makers in North America, EMEA (Europe, Middle East and Africa), Asia Pacific and Australia / New Zealand. The size of the enterprises surveyed varied from 100 to 999, accounting for half of all respondents, and then to 20000 or more people. The survey also found that it was supplemented by six in-depth interviews with financial leaders of small and medium-sized enterprises and large companies.