Southeast Asia CFO Pulse Survey Report 2024
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:
- Cost reduction within the T&E sphere: companies scrutinize every travel expense, seeking ways to streamline processes and eliminate unnecessary spending.
- Drive for efficiency must be carefully weighed against the ongoing need for strategic travel that supports business objectives.
- With increased regulatory scrutiny and potential risks associated with travel, ensuring compliance to company policies and tax regulations is paramount.
- Manual processes and fragmented systems can hinder visibility into T&E spend, making compliance a persistent challenge.
Download this report to learn more.
