10 Benefits of SAP Concur Expense

Why is travel and expense management so important for companies?

The answer lies in the data you have and your ability to get the most out of them. You’ll be surprised to realise that travel and expense data can reveal much more than just the amount spent.

Imagine being able to use that data to improve your employees’ experience, improve processes, discover new opportunities and even improve personnel safety.

Now all this is possible.

Let’s look at the 10 benefits of SAP Concur Expense that you’ll notice immediately from the very first weeks of use.

• COST REDUCTION
  By connecting multiple sources of expense data and reducing the reliance on manual data entry, the cost of processing expense claims can be reduced by up to 78% per transaction. Moreover, by having consolidated and accurate data, you can make smarter business decisions.

• TRAVEL CONNECTED
  Automated expense management allows your company to explore travel integration as well. Employing a global process, business travel information can be pre-entered in expense reports. It then becomes much easier for employees to quickly submit accurate reimbursement requests.

• INCREASED COMPLIANCE
  There are more and more companies where compliance is becoming increasingly important. Indeed, non-compliance can result in penalties that damage not only the bottom line but also the company’s reputation. Using an automated solution allows you to quickly update policies when necessary or to alert employees when spending thresholds are exceeded.

• RISK MITIGATION
  Data accuracy is crucial. Using a solution capable of importing feeds from travel agencies and corporate credit card providers makes the data increasingly reliable. This integration creates an accurate audit trail that protects your company in case of tax audits.

• CONTINUOUS SAVING
  The platform enables the management of expense reports, travel and invoices. Taken individually, each of these solutions can help you in terms of visibility, compliance and cost containment. Combined into one system, they offer even greater benefits for you, your company and employees.

• SIMPLICITY OF IMPLEMENTATION
  The cost reduction made possible by cloud solutions enables a faster ROI. Thanks to mobile and web-based tools, no additional infrastructure is really needed. SAP Concur also takes care of maintenance and functionality upgrades, easing the workload for your company.

• READY TO GROW
  As your company grows, you may open new locations or expand into new countries. This means new requests for reimbursement, more complex rules and in some cases even new currencies. SAP Concur offers a scalable solution that accompanies the growth of your business. We help you prepare for the future with confidence.

• IMPARTIAL APPROVALS
  Each employee has different expectations regarding travel bookings and reimbursement requests. A practice that was permissible in the company where somebody worked before might be prohibited by the new employer. Automated solutions ensure that fair, consistent rules are applied to all and facilitate fraud detection.

• INCREASED PRODUCTIVITY
  Once digitised, expenses can be consulted by managers at any place and time. Finance staff can also view all open but unapproved expenses for a more precise view of future cash flow. They can also easily create reports on the expenses of each department to identify areas with excesses.

• OPTIMISED FOR MOBILE
  You can also take advantage of the integrated mobile app provided by the platform. TripItPro allows employees to manage travel and expense reports quickly and easily even outside the office, e.g. by photographing receipts and attaching them to reimbursement requests. Hours once spent filling in expense reports can now be spent on activities with greater added value.

SAP Concur is the world’s leading provider of integrated solutions for travel, expense and invoice management and tenaciously pursues the goal of simplifying and automating these day-to-day tasks.

With SAP Concur, a top-rated app guides employees through each procedure, so that charges are easily entered into expense reports and invoice approvals are automated. By integrating near real-time data and relying on artificial intelligence to audit 100% of transactions, companies can get an exact view of how much they are spending without worrying about grey areas in the budget. SAP Concur eliminates yesterday’s repetitive tasks, makes today’s work easier and helps companies operate at their best every day.

At Ccelera we have the experience to accompany you on the road to digitising your company: contact us now.