Businesses, especially in the travel and cost business, are adopting cloud-based solutions to streamline their operations. They are always seeking new ways to improve productivity and efficiency. Most significantly, cloud solutions improve teamwork and keep everyone on the same page.
SAP Concur is a cloud-based application that streamlines spending, travel, and billing operations that helps you track and process business travel expenses, allowing you to better manage your money.
Using this travel and spending management tool also eliminates paperwork and errors. This saves you time and allows your employees to focus on other tasks, increasing production. You can also regulate your organization’s compliance and costs with SAP Concur. AP automation might help you control your expenses.
This travel cost organiser also allows users to easily submit expenditure reports and collect receipt photographs. Even better, you can track your spending before it happens. Users may also easily detect duplicate invoices and leverage time-saving features like mobile approvals and speedier payments.
The SAP Concur Components
SAP Concur has been assisting organisations with their day-to-day travel and expense difficulties with its different tools and functionalities. Concur’s main services include:
1. Expense for Concurrence
Businesses can track and control all of their spending from numerous sources with Concur’s cost management tool. This allows them to make informed decisions based on correct data, making the entire process easier for everyone on the team. You can use Concur Expense to:
- You can keep track of all of your costs in one location.
- Receipts and other process reports are automatically captured.
- Continually enforce spending policies.
- Reimburse your staff more quickly.
- Employees can use the SAP Concur mobile app to evaluate, submit, and approve expenditure reports.
- E-receipts can help you streamline your cost management processes.
- Integrate Concur with your ERP system to get a complete financial view.
- Keep track of your expenses in a safe and secure manner.
- Reconcile business spending using a variety of credit cards.
2. Concur Travel Services
SAP Concur solutions are built to handle today’s complex travel protocols while putting employees’ safety first. Concur assists you in aligning your travel and cost rules with your current company demands, as well as identifying any gaps in your current travel programme. You can do the following using Concur Travel:
- Get complete and accurate information for each traveller.
- Location check-ins, TMC, HR profiles, intelligent data, and Concur TripLink may all help your employees.
- Concur’s online travel booking tool keeps you up to date on the latest corporate travel trends.
- Concur consolidates all travel data in one place, allowing you to track and manage your business travel programme according to your preferences.
- Get relevant information from a variety of worldwide distribution systems, direct connects, published and negotiated fares, and web-only fares.
- Get a better understanding of your travel expenses.
- With the help of 25+ common reports, keep track of corporate travel comparisons.
- Using a mobile app, streamline company travel activities such as planning, expenditure reporting, and itinerary management.
- You can easily keep track of your travel expenses.
- Concur TripLink allows you to see and manage direct and hidden travel bookings.
- Maintain compliance by enforcing internal travel policies.
- Travel vendors can transmit e-receipts to Concur Expense instantly and immediately.
3. Invoice from Concur
Concur Invoice is a cost-effective solution that can help organisations save up to 80% on average invoice processing costs. Paperwork, duplicate or late payments, and delayed email bills are all eliminated with this cloud-based system. You can get a thorough picture of your company’s cash flow while automating and monitoring your accounts payable administration using Concur Invoice. It gives you the ability to:
- Capture important GST data and get a 100 percent refund.
- Using end-to-end AP automation, increase vendor payment discounts. Purchase-to-pay cycles can be controlled and managed.
- Boost your company’s growth by optimising your working capital.
- Boost your cash flow by more than thrice.
- Ensure compliance to reduce security threats.
- Get real-time visibility into all of your financial components.