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Growth may be a good problem to have, but it is rarely easy. Heavier workloads, changing processes, and unfamiliar regulations in a new market can add complexity for even the best-run enterprise during an expansion. 

To understand how successful companies meet these challenges, SAP Concur and Oxford Economics surveyed 350 finance and IT executives around the world at large firms—those with more than 1,000 employees—that have launched a growth initiative in the past year. We identified a group of respondents—we call them cost-conscious enterprises—that say that spending and cash management were important factors in their business growth. 

Unfortunately, while 77% of financial services respondents said that spending and cash flow were important factors in their expansion strategies, they proved less successful than cost-conscious companies overall at controlling growth initiative budgets. 

Download the paper to learn more insights and recommendations from Oxford Economist.