The global economy is expected to shrink or show stagnating growth in the near term as lingering effects of the COVID-19 pandemic continue to impact the world’s population and business environment. Estimates of the contraction in global GDP and cumulative output losses during 2020 and 2021, make clear that organisations looking to better manage the crisis would do well to ensure they are operating the soundest financial footing possible.

A recent survey conducted by SAP Concur and The Economist Group discovered the following: 

  • 93% of global executives agree that maintaining organisational agility is the only way to navigate uncertainty 
  • 95% of executives say that using real-time data analytics has helped their organisations ensure that spend and operations align with company goals 
  • 91% of executives agree that technology-driven expense management systems are key to ensuring consistent application of policies and protocols across the business 

Download the report to learn how global executives lean on the deployment of technology to help organisations stay on sound financial footing during the pandemic.

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