Southeast Asia CFO Pulse Survey Report 2024

Asian CFO

In the face of economic headwinds, finance teams are under immense pressure to optimize every dollar spent. Travel and expense management (T&E) sits squarely in the crosshairs as companies grapple with balancing essential business travel against tight budgets.

A recent FutureCFO survey, done in partnership with SAP Concur, of ASEAN executives sheds light on this critical balancing act, offering insights into the strategies and challenges shaping T&E in the coming years.

The survey reveals a laser focus on the following key areas:

  1. Cost reduction within the T&E sphere: companies scrutinize every travel expense, seeking ways to streamline processes and eliminate unnecessary spending.
  2. Drive for efficiency must be carefully weighed against the ongoing need for strategic travel that supports business objectives.
  3. With increased regulatory scrutiny and potential risks associated with travel, ensuring compliance to company policies and tax regulations is paramount.
  4. Manual processes and fragmented systems can hinder visibility into T&E spend, making compliance a persistent challenge.

Download this report to learn more.