See how Stephen, a CFO, leads with AI-driven spend

As CFO of a fast-moving, mid-sized Canadian company, Stephen plays a critical role in helping the business deliver on its growth goals no matter what’s happening in the market. That means scaling processes, improving oversight, and ensuring his leadership team has the data and agility to respond to constant change.

Before implementing AI-powered automation, however, Stephen’s ability to bring strategic value was held back by inefficient processes, poor cash flow visibility, and limited control over spending.

How does Stephen spend his day now that he has SAP Concur solutions? Let’s take a look.

From oversight to insight

Stephen starts his week in the SAP Concur dashboard to get real-time visibility into spending across departments, regions, and categories. With that centralized view, he’s no longer reacting to surprises. Instead, he’s proactively identifying opportunities to optimize costs, streamline processes, and accelerate growth.

It’s a focus shared by other forward-thinking finance leaders. In our CFO Insights report on Repositioning for Growth, 58% of finance leaders said they are turning to automation and AI to drive performance, with a focus on automating manual processes.

Ready to do the same? Here are 7 ways to increase visibility and control over spend.

Better data, smarter decisions

Presenting financial updates to the leadership team used to be a high-pressure moment for Stephen. Now, with Intelligence, he enters those meetings with confidence, backed by real-time analytics and clear, centralized data. Whether it’s improving forecasting, strengthening compliance, or identifying areas for cost savings, the in-depth analytics help drive smarter, faster decisions.

The connected SAP Concur ecosystem of solutions and pre-built connectors also empowers Stephen to collaborate more effectively with other members of the C-suite. He partners with the CTO to ensure the organization is meeting its data security goals through centralized, automated processes. And by working closely with the CHRO, he helps advance initiatives like duty of care and employee retention.

Staying ahead of compliance

Compliance used to mean time-consuming reviews, manual checks, and missed opportunities. With AI-powered tools like Concur Detect by Oversight and Concur Tax Assurance by Blue dot, Stephen’s team isn’t just meeting compliance requirements, they’re getting ahead of them. Reviews that once took hours now take minutes. Anomalies get flagged automatically. And multi-region VAT reclaim opportunities? They’re no longer slipping through the cracks.

SAP Concur solution users from around the world have the ROI stats to prove it:

• AI technology captured 10x the number of errors and fraud.
• Automated audits reduced the cost of mistakes in expense reports by 60%.
• Using AI for the initial investigation of expense reports reduced audit time by as much as 90%.

Watch this video to hear first-hand customer insights on Unlocking the Business Value of AI.

Productivity where it matters

It’s not just Stephen who benefits from AI-powered spend management tools. Companywide, his colleagues can leverage intelligent automation to streamline cumbersome processes that used to eat up valuable time and focus.

For vendor-facing employees, Concur Invoice has helped streamline invoice management from procure to pay. Concur Expense and Concur Travel have taken the friction out of travel booking and reporting expenses for employees on-the-go. And with the SAP Concur mobile app, people at all levels of the company no longer need to search for lost receipts or reconcile credit card charges at the end of a long week.

Take a closer look at how three of Stephen’s team members spend their days:

• Amanda, an Accounting Analyst, uses real-time reporting tools to stay ahead of budgets and audits. View infographic.
• Jessica, an AP Manager, uses Concur Invoice to reduce manual tasks and improve supplier relationships. View infographic.
• Michael, a sales rep, books and manages his travel and expenses in minutes—from anywhere. View infographic.

No more month-end surprises

At the end of the week, Stephen runs a quick check-in with his finance team using the SAP Concur dashboard and pre-built reports in the Report Manager. In just a few clicks, they can review open approvals, updated accruals, and cleared vendor payments. What used to be a scramble is now a streamlined, month-end accounting process. Best of all, with no surprises!

How strong is your organization's spend management program? Take this assessment to find out.

How do you spend your day?

Thanks to proven AI-driven innovations from SAP Concur, Stephen isn’t just keeping up, he’s leading with confidence. With less time spent chasing numbers, he’s free to focus on what matters most: guiding the business forward, supporting his team, and making smarter, faster decisions.

Ready to see what’s possible for you and your team? Reach out to us today.