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Workforce Spend Sector Gets Busy

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The big action in corporate spend management is travel and entertainment (T&E), where the 800-pound gorilla has long been Software-as-a-Service (SaaS) goliath, SAP Concur. billion expense management pie), a group of competitors has merged into a new company to challenge SAP’s category dominance. Follow the AI Money.

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Deep Dive: How Firms Can Avoid Costly Mistakes Come Tax Season

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These systems also drive up administrative costs for companies needing to audit or verify each piece of relevant financial information before it is reported to tax authorities. Digital expense systems that empower quicker and more efficient spend reporting and data consolidation could fix many of these issues, especially as U.S.

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