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5 SAP Travel & Expense best practices ~ infographic
 

5 SAP Travel & Expense best practices ~ infographic

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Every company has road warriors. They’re on the road, on the go, on the job. It’s no simple task trying to keep ...

Every company has road warriors. They’re on the road, on the go, on the job. It’s no simple task trying to keep
track of expenses and follow all the administrative burdens associated with employee business travel. At least,
not without an easy-to-use, real-time-powered travel expense management system that integrates seamlessly
with your existing processes and is optimized for mobility. So whether you’re traveling on the road or working in
the back-office, the entire life cycle of a business trip can be managed by all roles within a company, anywhere at
any time. With greater automation and integration, everyone’s connected, no matter how scattered.

LET’S TAKE A LOOK AT 5 BEST PRACTICES TO IMPROVING EXPENSE MANAGEMENT, GLOBAL
COMPLIANCE, AND COST CONTROL.

Read Blog : http://bit.ly/17pPZl9

Attend Webinar on 19th June 2013 : 5 Benchmarks for Travel Expense Management Success : http://bit.ly/11lRvO3

Download Paystream Advisor Report: Travel & Expense Management Benchmarks: http://bit.ly/1ae97zm

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    5 SAP Travel & Expense best practices ~ infographic 5 SAP Travel & Expense best practices ~ infographic Document Transcript

    • of companies say that difficulty gettingemployees to adhere to corporate travelpolicies is a top barrier to improvingvendor relationships.Get your employees on board and on the same page with a globaltravel expense management system that makes business traveleasier and controlling costs better—all while staying compliant.Explore SAP Cloud for Travel to learn more.Sources:cfo.com | sap.com | paystreamadvisors.com1 CONTROLLING COSTSYou can facilitate efficient approvals and audits, increase accuracy, and reduce costs, whilealso speeding up processing time.2 MANAGING CORPORATE TRAVEL POLICIES4 MOBILITYYou can reduce the time and costs to capture expense receipts, submit expense reports,approve trips, and proactively manage itineraries while on the road.3 INTEGRATIONWith system integration that covers the entire life cycle ofa trip, you can create automated reports and get fasterprocessing and reimbursements.AN INCREASE IN OVERALL T&E EXPENSESis a major challenge for companies.28%201235%201339%201243%201339%201242%2013AUTOMATATION MAKES CONTROLLING COSTS EASIER.Take a look at the average cost of expense report processing.TO IMPROVE TRAVEL-EXPENSE MANAGEMENT,in the next 2 years, companies will:THE INABILITY TO FACILITATE COMPLIANCEwith corporate travel policies is a major challenge for companies.THE IMPROVED ABILITY TO FACILITATEeasier compliance with corporate travel policies is a major benefit.MANUAL DATA ENTRY AND INEFFICIENT PROCESSESare major challenges for companies.THE TOP BARRIERSfor comprehensive travel-expense information include:LOWER PROCESSING COSTSis a major benefit of automation.ManualProcessSomeAutomationFullAutomation$20.18$14.80$7.6042% 30% 22%Optimize the level of controlover travel-related spendingMaximize the value oftravel-related spendingMinimize the burdenof travel-expensemanagement52% 59%2012 201351% 58%2012 201359%201263%2013Imaging / Faxing / Mobile Capture of Receipts Ability to Use PDAs / Mobile Phones for Approval21% 38%20122013THE GREATEST BENEFITSrealized through preferred-vendor relationships for travel include:39%21%21%39%25%Better pricesBetter visibility into or control over employees’ travel behaviorBetter customer service30%Lack of company-wide integrationLack of mandate for changeOver-reliance on manual processes5You can easily monitor business units, suppliers, orgeographies, so you can know where and what yourbiggest travel spend is, negotiate better with vendors,and set appropriate travel policies to control costs.25%201228%2013LACK OF VISIBILITYinto spend is a major challenge for companies.IMPROVED VISIBILITYover spend is a major benefit.BUSINESS PROFESSIONALS ARE GOING MORE MOBILE WITH EXPENSE MANAGEMENT THIS YEAR.ROBUST ANALYTICSFOR INCREASED VISIBILITY201350%201256%1,453Automation simplifies the way you set up preferred suppliers and booking partners, while alsoimproving the way you manage travel policies.$very company has road warriors. They’re on the road, on the go, on the job. It’s no simple task trying to keeptrack of expenses and follow all the administrative burdens associated with employee business travel. At least,not without an easy-to-use, real-time-powered travel expense management system that integrates seamlesslywith your existing processes and is optimized for mobility. So whether you’re traveling on the road or working inthe back-office, the entire life cycle of a business trip can be managed by all roles within a company, anywhere atany time. With greater automation and integration, everyone’s connected, no matter how scattered.LET’S TAKE A LOOK AT 5 BEST PRACTICES TO IMPROVING EXPENSE MANAGEMENT, GLOBALCOMPLIANCE, AND COST CONTROL.E5 BEST PRACTICES TO ENTERPRISETRAVEL MANAGEMENT SUCCESS68%