5 Tips for Safeguarding Your Spend in Times of Change

No matter how automated spend management processes are, business expenses can get out control quickly when policies change or become outdated. According to Concur Detect by Oversight Customer data, the 2021 first quarter saw an almost 45% rise in employee spend violations, compared to the last quarter in 2020.

But it is possible to get ahead of non-compliance when you have the right mechanisms in place. By having consistent clarity and easy to follow processes, you can quickly respond to travel and expense policy changes in ways that safeguard your spending, help ensure employees are keeping up with new requirements, and help you reach your corporate sustainability goals.

Download this tip sheet to you see where you stand on managing policies changes and their impacts on spend. Follow the tips provided in the content to safeguard your business spend in times of change.