Afternoon Coffee: SAP Concur integrates with Amazon Business; Warehouse competition and prices surge at congested ports; Coffee prices rise after frost threatens supply

SAP Concur, a travel and cost management software, revealed on Monday that its platform is now linked with Amazon Business.

It will be available for free on the SAP Concur App Center, with the goal of cutting down on the time and effort required to create expense reports from Amazon Business purchases. The connection seeks to alleviate the headaches of uploading or tracking down receipts for various transactions by automatically adding purchases to an employee’s available expenses in Concur Expense.

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“For most businesses, creating an expense report is not a key performance indicator. Rather, the goal is to empower employees to spend the company’s money intelligently and to settle those employee purchases as quickly as possible,” according to A.G. Lambert, SAP Concur’s chief product strategy officer. “Companies can streamline this process for their employees with the Amazon Business Integration for Concur Expense, saving time while decreasing errors and enhancing compliance with business policies.”

At congested ports, warehouse competition and costs skyrocket.
According to the Wall Street Journal, logistics and real estate firms claim that competition for warehouses near ports in Southern California and New York City is so fierce that rents have risen and corporations have been compelled to seek to nearby regions.

Ports have been squeezed for a while, but it’s especially noticeable in the industrial areas of the major California ports, Los Angeles and Long Beach. Landlords used to demand commercial tenants to sign three- and five-year leases. According to the article, landlords are now requiring seven to ten-year contracts to lock in space at current rates.

For several years, demand for industrial space has risen across the country as e-commerce has grown, necessitating more warehouse and distribution centre space than retail space. During the Covid epidemic, this trend escalated as customers turned to e-commerce while also increasing their spending.

About the Los Angeles/Long Beach region, Carl DeLuca, head of real estate in the Americas for DHL Supply Chain, told the WSJ, “You can practically count on your hand at best how many spaces are available in that entire region.”

Read more • spendmatters.com

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