MOMENTUM Looking Ahead to the Future of Travel and Expense Management

Since the pandemic began, almost everything about business has changed. This is particularly true of travel and expense (T&E) management which is experiencing numerous challenges; from expanded duty of care for employees, to dealing with new expense types, and payment methods from a workforce shifting to hybrid or remote work. After a long lull, there is evidence that employee spending is increasing and business travel is beginning to ramp up, though with more complexity than ever.

As we settle into new patterns of travel and spending, businesses will need software tools to cope with the financial and safety risks of the new reality. Reinventing travel and expense management, means getting employees back into the habit of using technology to regain control over spending and compliance, manage regulatory and tax requirements, and keep employees safe. These are critical to moving your business forward.

In this eBook, we explore five of the challenges impacting travel and expense management and show how companies have successfully overcome them with resilience and reinvention using SAP^® Concur^® solutions.