Saving Time, Resources to Bring Year to Smooth End

Where does the time go?  A good question most any day but a particularly relevant one for businesses and finance teams as the end of the year – or fiscal year – approaches. 

Sadly, you cannot make more hours in a day, but you can take steps to save the time you have for the most essential, value-adding work at your business.  

Our new checklist, Bring the Year in for a Landing, looks at seven steps that can buy you time and efficiency, steps can leave the company better positioned to adapt and adjust and be ready for change that comes its way. 

Bringing the Year in for a (Smooth) Landing 

Explore seven steps that provide a flight plan for focusing your team and company’s efforts, so the year doesn’t have a bumpy landing. 

Get the Checklist

Focus on What Matters Most 

It’s not possible to do everything and it’s a wasteful drain of energy to try. So look closely at operations and processes and set priorities. By deciding what will get done and what won’t, your business gains time and focus.  

Pitch the Paper 

Piles of paper and the manual tasks fueling them make it difficult to find things, including accuracy and insight. Look to online and cloud-based finance solutions for managing vendor invoices and other work, and you’ll lighten the workload and spirits of the finance team by streamlining approvals, payments, and reimbursements. 

Automate Tasks and Processes 

With a streamlined travel, expense, and invoice system, you will have a clear and timely view of spending. Concur® Expense begins the automation process, which can be extended to Concur Travel and Concur Invoice, enabling employees to book and manage their own travel and helping finance teams capture, process, and pay vendor invoices. Our solutions provide near real-time insights and reporting, with additional services, our team of reporting experts can create bespoke reports based upon your specific needs to maximize your business results.  

Integrate You Technology Solutions 

To get the most from automated expense and travel solutions, they must communicate with existing systems, such as your ERP and finance systems. With integrated solutions, you get increased efficiency and spend visibility. 

Don’t Leave Them Guessing about T&E Policies 

If employees can readily understand company T&E policies and processes, they’re likely to follow them and make the desired spending decisions. So create a clear and concise policy or revise the one you have. And with the SAP® Concur® platform, the policy is embedded, easily updated, and guides employees as they book and purchase. 

Enable Work on the Go 

Employees are traveling and working from home, the office, or some combination. So give them mobile tools to perform the tasks and manage the travel, expenses, invoice, and other processes that allow them – and your business – to operate. With cloud-based solutions and tools like the Concur mobile app, they can.  

Outsource Tasks When You Can 

A key part of conserving time and money is taking a closer look at what you do best and what others could do better for your business. Consider hiring outside experts to examine your data, provide forecasts, deliver tax counsel, and evaluate your policies and processes. 

Download the checklist for a closer look at the steps that can bring the year to a smooth financial landing so that your business is ready for change.