It’s December and 2015 is drawing to a close. Most people are wrapping up loose ends, preparing for the holidays or planning for 2016. However, if you work in a finance department, you are mostly likely feeling a crunch and finding yourself busier than ever. For the sixth year in a row, we have found that December is the busiest month for expense reporting around the world. Mondays in December before the winter holidays have shown to be particularly busy days for expense filing. Read more about it in today’s announcement here.
Another major trend in expense reporting is the increased use of mobile devices to manage travel and expense. Between 2013 and 2014, there has been a 79 percent increase in users submitting expenses through their mobile devices. Chief Marketing Officer at Concur, Jerame Thurik, weighs in on the trends:
“December is typically a busy time for the finance department and our data findings reflect that this year is no different. Offering automated and mobile tools to help employees file and approve expense reports on the go can transform the expense process year-round, especially during the December rush.”
Is your country feeling the crunch of expense season? Check out the global trends in the infographic below.
An integrated travel and expense platform can streamline managing spend, make it easier for employees to file, and save businesses time and money. Take a test-drive of Concur today.