SAP Concur
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SAP Concur

SAP Concur is an efficient cloud-based service that enables users to automate and integrate expense, travel and invoice processes. This platform can streamline your business travel expense tracking and processing tasks, helping you to control your finances better.

Moreover, using this travel and expense management solution, businesses can handle complex procedures seamlessly, thus eliminating paperwork and errors. This saves your time and enables your team members to look into other business processes, thus boosting productivity. Besides that, SAP Concur lets you have full control over your organisation’s compliance and costs. You can manage your spends proactively using AP automation

Furthermore, this travel expense manager allows users to capture images of receipts and submit expense reports with ease. The best part is you can monitor your spending even before it’s spent. Additionally, users can easily catch duplicate invoices and adopt time-efficient methods of invoice tracking, mobile approvals, and faster payments.

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The Components of SAP Concur

SAP Concur with its various tools and features have been helping businesses to cope with their day-to-day travel and expense challenges. The key solutions offered by Concur:

1.   Concur Expense

With Concur’s expense management feature, businesses can track and take control of all their spendings from multiple sources. This enables them to make informed decisions by using accurate data, thus simplifying the entire process for all team members. Concur Expense allows you to:

  • Track all your expenses in one place.

  • Capture receipts and other process reports automatically.

  • Enforce spending policies seamlessly.

  • Reimburse your employees faster.

  • Allow employees to review, submit, and approve expense reports via SAP Concur mobile app.

  • Streamline expense management processes with e-receipts.

  • Get a complete financial picture by integrating Concur with your ERP system.

  • Track expense data accurately and securely.

  • Reconcile business expenses via multiple card types.

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2.   Concur Travel

SAP Concur solutions are designed to handle complex travel procedures of today, while prioritising employees’ safety above all. Concur helps you to align your travel and expense policies with your current business needs, and lets you check what’s missing from your existing travel program. With Concur Travel, you can:

  • Get accurate and comprehensive data for each traveller.

  • Support your employees using location check-ins, TMC, HR profiles, insightful data, and Concur TripLink.

  • Keep updated to the latest trends in corporate travel via Concur’s online travel booking tool.

  • Track and manage your corporate travel program as per your preferences as Concur consolidates all travel data in one place.

  • Get access to valuable content across various global distribution systems, direct connects, published and negotiated prices, and web-only fares.

  • Gain useful insights into your travel spendings

  • Monitor comparisons in corporate travel with the help of 25+ standard reports.

  • Streamline business travel operations, including planning, expense reporting, and itinerary management using a mobile app.

  • Control your travel expenditures with ease.

  • View and manage direct and invisible travel bookings using Concur TripLink.

  • Enforce internal travel policies to keep everyone compliant.

  • Travel suppliers can send e-receipts automatically and directly to Concur Expense.

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3.   Concur Invoice

Concur Invoice is an efficient solution designed to help businesses reduce their average invoice processing costs by more than 80%. This cloud-based solution eliminates paperwork, duplicate or late payments, and delayed email invoices. With Concur Invoice, you can have a complete overview of your business cash flow while automating and monitoring your accounts payable management. It enables you to:

  • Capture vital GST information and claim 100% refunds.

  • Enhance vendor payment discounts using end-to-end AP automation.

  • Control and manage purchase-to-pay cycles.

  • Optimise your working capital to boost business growth.

  • Increase your cashflows by more than 3X.

  • Minimise security risks by ensuring compliance.

  • Gain complete visibility into your financial components in real-time.

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