How Small Businesses Are Using Spend Management To Drive Growth
When it comes to small and medium-sized businesses, growth is the goal. However, growth can also lead to new challenges. Taking the business to the next level can bring new complications, new costs, and new risks. To help overcome the unknown, organizations must be able to use their business spending data to know where they stand while anticipating what to expect in the days, weeks, and years to come.
In the latest episode of the Intelligent Business podcast, The Wall Street Journal’s Michael Barnwell explores how SAP Concur helps companies sharpen their visibility into spending so they can continue to scale and grow.
By automating processes like travel, expense, and invoice management, an organization can get a single, clear view into spend. Maximizing spend effectiveness fuels growth in the present while putting systems in place to better manage spend as the company scales.
In this episode you’ll learn about:
- The most troublesome spend management pain points small and medium-sized businesses struggle with and how they use automation to overcome them
- How visibility into spend can improve an organization’s process for managing cash flow
- How companies use SAP Concur to speed up expense approval and reimbursements while saving money thanks to data-backed insights into spend
The Intelligent Business podcast is a collaboration between SAP Concur and The Wall Street Journal’s Custom Studios. This new series digs into the stories behind the innovations that allow companies to become smarter about business travel. Listen to the five-part series here.