FINAL WORD
Tech key to managing 2024 business travel expenses
Exploring the evolving landscape of corporate travel and expense management , 2024 brings a heightened focus on sustainability , technological innovation and strategic financial oversight . Carolina Borzatto , Marketing Director for Latin America at SAP Concur , says : “ Technology will continue to be key to facilitating the management of travel expenses in companies .”
The management of travel and expenses is increasingly relevant within organizations , especially in times of economic uncertainty where each decision requiring the investment of resources must be reviewed with the utmost care . In 2024 , the oversight and control of business travel , as well as associated expenses , will be very important to optimize costs , maintain regulatory compliance and improve operational efficiency .
Financial management teams have found in technology a fundamental tool for the management of corporate travel and expenses , so the use of these types of solutions will continue to mark the path in 2024 , in which doubts about the direction of the global economy will remain on the table and dictate a good part of corporate strategies .
A recent study by SAP Concur that analyzed the role of financial executives of organizations in management during times of uncertainty indicates that more than 60 % of Financial Directors see AI as an essential tool within their work . In addition , 55 % of Financial Directors are investing in data analysis and report generation tools to face forecasting challenges .
During the next year , we will continue to see that automation and AI analysis will help business leaders adapt to change , improve risk management , and make forecasts faster and more accurate . The use of new predictive analysis tools to analyze data and obtain information that allows improving business operations , not only in
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