The hybrid/remote work has shifted employee spending and companies are trying to adjust policies to keep up. In a recent study, companies saw violations totaling more than $91 million in 2022 – up 9.83% from 2021.1
At the same time, businesses are trying to determine what’s a taxable employee benefits as governments hunt for revenue and revenue authorities push companies to change how they handle taxes. According to our recent pulse survey, 100% of finance managers say their jobs are getting harder due to staffing shortages and additional auditing and paperwork.
SAP Concur solutions can help. Our products can reduce non-compliant spend, raise regulatory compliance, improve budgetary controls, and increase the efficiency of AP and auditing. Download the brochure to learn how our products can address your finance team’s concerns, improve productivity and efficiency, and enhance your compliance and spend management.
1: Spend Insights Report, SAP Concur and Oversight, 2023