When you think of every spending decision as an investment in your company, it’s easy to see how those choices – what to buy, where to buy it, and how to pay – present both opportunities and risks.
When you’re getting the right price on the right raw materials, for example, it’s an opportunity to fuel your growth; when you’re not sure if you’re getting the prices, you negotiated or how much of your order will show up, well, that’s a risk.
If, however, you equip your company to manage every spending choice – controlling cash, costs, and regulatory compliance along the way – you can begin to build momentum across your organization.
The Ready, Reset, Grow survey by the Economist Group reveals that nearly nine in ten executives say finding new ways to increase spend and flexibility in the management of travel, expense, and invoice is critical for their organisations to stay profitable and continue to grow.
Click on the link to download this SAP Concur for insights into 4 tips for making spending smarter decisions.