Few business expansions come without growing pains. Heavier workloads, changing processes, a larger workforce, and unfamiliar regulations in a new market can add complexity to even the best run company. Growth may be a good problem to have, but it is rarely easy.
To understand the challenges and how successful enterprises are meeting them, SAP Concur and Oxford Economics surveyed 500 finance and IT executives around the world that have undertaken an expansion in the past year. According to the survey, regardless of expansion type or company size, having visibility into spending and paying careful attention to cash flow are pillars of successful growth.
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