The real-world cost of ineffective travel and expense

The Challenges of Disconnected T&E Systems

While travel and expense (T&E) processes are inherently interconnected, the systems designed to integrate them often fall short. Many travel tools claim to "integrate" with expense solutions via APIs or connectors, but unless these systems are from the same provider, they seldom address every use case and frequently require custom development or manual intervention.

• Statistic: 48% of companies not using integrated T&E software identify lack of integration between booking and expense platforms as their primary challenge.

Without seamless integration, systems fail to communicate directly, necessitating manual intervention. This approach makes travel and expense management more time-consuming, costly, and prone to errors, while also preventing you from taking advantage of advancements in speed, scalability, and cost savings.

• Insight: 61% of organizations not using an integrated T&E platform plan to switch within the next two years, seeking better cost control and improved reporting capabilities.

• Benefits: Companies using integrated T&E software report annual cost savings of 21%, leading to more efficient operations.

Explore our latest eBook to learn about 9 real-world scenarios where using disparate T&E systems cut into your bottom line, increase employee frustration, and negatively impact data security.

Download the eBook today, and get ahead!

Source: Building efficiency, targeting growth. SAP Concur ROI Report 2024