Get a more accurate view of your spending and accruals
For CFOs, the ability to make accurate cash flow forecasts is pivotal to business planning and growth. Because money moves quickly within an active business, you need cash available to take advantage of opportunities to expand, make better decisions or make the best investments. Simply put, without effective cash flow management, your organization may miss out on crucial opportunities for growth. SAP Concur can help you gain accurate, near-real-time visibility into all spend and financial data through intuitive cash flow forecasting software. Whether this is expenses, business travel, or invoices.
A faster invoice process means a more accurate view of profit and loss
How does speed impact your ability to assess the state of your business? When you automate your accounts payable processes, you can clear invoices and expenses faster. The more accurate and up-to-date your understanding of what you owe, and when you owe it, the better your ability to make financial forecasts and strategic decisions about spending and new investments.
Predictive tools that help you proactively manage your spending business-wide
Get customized reports, easy-to-use dashboards, and alerts based on your spending parameters. SAP Concur offers business intelligence solutions that help you keep an eye on your spend and provide timely insights into how you can manage cash more effectively, so you can take advantage of opportunities to save, invest, and grow.
If you’re considering an automated invoicing solution, it can be tough to wade through the options. To find a solution that will best serve your business needs in the long term, you need to clarify how the solution works with and adds value to your current AP processes. Ask these questions:
For more useful questions to consider, and to learn how SAP Concur can help, see our free guide.
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To better manage your cash flow data, you must have control over your organization's spending. That’s why every business, even a small business, needs a spending policy that protects their resources and enables them to invest. Proactively manage spend and cash forecasts with these strategies:
Chris Arendale
CFO
SAP Concur
