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May 18Thu
  1. SAP Concur Blog

    Getting Your Company on Board with Spend Automation

    SAP Concur offers arguments for adopting spend automation. Organizations using SAP Concur solutions achieved an average 406% return on investment over three years, with a payback period of just 5.1 months. After adoption, they reported a 72% reduction in lost receipts, a 53% decrease in expense reporting errors, and a 55% reduction in auditing efforts. The article recommends tailoring the business case to stakeholders including CFOs, AP, IT, and HR, and emphasizes automation supports AI, tax compliance, and spend management under remote work.

May 12Fri
  1. SAP Concur Blog

    How CFOs Can Foster Sustainability and Growth Through T&E

    SAP Concur published a CFO insights paper recommending finance leaders look at travel and expense processes and technology to improve both sustainability and growth. The report notes 31% of businesses struggle to put the right sustainability programs and policies in place, and 61% of finance leaders lack near-real-time visibility into spending data. Automated T&E solutions can reduce paper, offer sustainable travel options, free employee productivity, and deliver data to measure sustainability. Gina McNamara, CFO of SAP Asia Pacific and Japan, says measuring financial and non-financial KPIs is critical to turning sustainability into a leading indicator of business health.

Apr 20Thu
  1. SAP Concur Blog

    Outdated Travel Policy? 5 Tips to Update It Today

    An SAP Concur blog post argues that outdated travel policies cost organizations financially, strategically and culturally. Barb Bammer, a senior solutions consultant at SAP Concur, spoke with Ben Claxton and Jeff Saydah of Fox World Travel and offered five tips: don't delay reassessment and review quarterly or at least annually; set measurable goals and revisit them; align policy with company values; keep employee experience top of mind and involve travelers; and track successes while learning from failures.

  2. SAP Concur Blog

    Take the Pain Out of Travel with Clear Policies

    An SAP Concur blog post argues that without clearly spelled-out policies, employees cannot know what is reimbursable, so clear and adaptable travel and expense policies are critical. It cites research showing 100% of travel managers expect to change policies in the coming year, 94% of business travelers plan greener travel steps over the next 12 months, 72% of companies say automated T&E improves response to business challenges, and 34% of businesses adopting T&E automation saw fewer reports rejected over receipts. It advises formalizing policies covering flights, lodging, food and entertainment while building in flexibility.

  3. SAP Concur Blog

    Choosing a T&E Automation Solution That's Right for Your Business

    An SAP Concur blog post says T&E processes still relying on paper receipts, manual forms and employee-funded cards hurt productivity and frustrate staff. Automated T&E solutions provide an accurate, up-to-date view of travel spending that helps control costs, improve cash flow and target spending. Cloud solutions are now more affordable for SMBs, and the post cites Analysys Mason finding that businesses using SAP Concur T&E solutions save an estimated $54,000 a year and 148 hours weekly for finance or accounting teams. Selection should weigh integration, ease of use, and visibility and control.

Apr 18Tue
  1. SAP Concur Blog

    Learn How CFOs Can Navigate Inflation and Other Disruptions

    An SAP Concur blog post for CFOs and finance leaders addresses navigating inflation, global instability and banking turbulence. Citing IDC, it says modernizing business applications and augmenting data are recommended approaches, and cloud travel and spend management solutions provide flexibility and timely insight. It outlines three focuses: rethink priorities to get ahead of change, using automation to cut manual processes and set criteria for weighing trips versus virtual meetings; align short-term actions with medium- and long-term goals; and invest in people during digital transformation. Renaud Heyd, CFO of SAP UK and Ireland, says CFOs must keep organizations honest about how busines…

Apr 14Fri
  1. SAP Concur Blog

    The Connection Between Intelligent T&E Automation and Better Compliance

    An SAP Concur blog post says refining T&E with intelligent automation and digitized processes is a natural step in finance digital transformation, cutting paper, data entry errors and making expense data timelier and more trustworthy. It stresses that controls and compliance are often neglected when manual work is heavy: miscategorized spend causes budget, tax and compliance issues, and international travel spend carries anti-bribery risk with fines up to $2 million per violation. The SAP Concur and Oversight Spend Insights Report 2021 found excessive missing receipts up 58.6%, expense header keyword match violations up 26.7%, and duplicate mileage submissions up 2,127% from Q3 to Q4 2021.

Apr 13Thu
  1. SAP Concur Blog

    3 Ways T&E Can Contribute to Utility and Energy Company Sustainability

    An SAP Concur blog post says utilities and energy companies can embed greener practices in financial and administrative processes beyond grid investment and clean energy, with travel and expense management as one opportunity. It offers three paths: reduce paper waste through digital expense reports and automated data ingestion; provide sustainable guidelines and guardrails, citing an SAP Concur survey of 1,000 business travelers finding 88% are willing to take actions to reduce their environmental impact when traveling for business; and measure success, with travel carbon emissions reporting by employee, department or route.

Apr 10Mon
  1. SAP Concur Blog

    Digital Adoption Platforms for Expense Management in Hybrid Work

    A SAP Concur blog post argues that hybrid and flexible work, combined with increasingly sophisticated enterprise applications, has made digital adoption platforms (DAPs) a key tool. A DAP is a codeless software addition that simplifies processes within an enterprise application via in-interface guidance and tool tips. The post cites IDC research showing 87% of surveyed line-of-business respondents are automating their own work, and an IDC prediction that by 2025 CIOs investing in DAPs and automated learning technologies will see a 40% productivity increase. It also notes that more than 170 countries operate VAT systems, with regimes such as the UK's Making Tax Digital and the EU's SAF-T evo…

Apr 6Thu
  1. SAP Concur Blog

    Bringing County Spending Under Control with Automated Expense and Invoice Processes

    A SAP Concur blog post aimed at county governments examines how manual expense and invoice processes undermine spending control. It notes that employees delay submitting travel expense reports because the process is time-consuming, so organizations may not know total travel costs until weeks later; vendor invoice sign-off takes an estimated 11 days from receipt; and accounting and finance staff each spend an estimated 14 hours a week processing expenses and another 13 hours handling vendor invoices. It recommends capturing spending earlier via a central invoice portal, purchase order processes, and mobile receipt capture, and using automation to cut errors and fraud risk and unify data for…

Apr 3Mon
  1. SAP Concur Blog

    Why Move from SAP Travel Management to Concur Travel & Expense

    A SAP Concur blog post aimed at customers still using on-premise SAP Travel Management outlines the benefits of moving to the cloud-based Concur Travel & Expense. It describes an end-to-end travel and expense experience, automatic application of customizable policy rules, mobile access to expense management, faster approvals and reimbursement, and automatic expense report creation from receipt photos. It lists benefits including employee experience, compliance, productivity, visibility, duty of care, integration with systems such as SAP ECC or SAP S/4HANA, and sustainable business travel, and says migration requires minimal implementation costs and little to no additional infrastructure, wi…

Mar 30Thu
  1. SAP Concur Blog

    Are Your Business Spending Processes and Metrics Up to the Times?

    A SAP Concur blog post examines whether corporate spending processes and key performance indicators need updating. It recommends focusing on several areas: paying expenses with corporate cards improves spend control and visibility and can yield rebates of up to 2%; automated receipt management shortens paper trails, and companies using SAP Concur solutions average 36% time savings in expense report handling; manual mileage tracking can result in as much as 15% more miles than actually traveled, while GPS-enabled mobile apps improve accuracy; and AI-based auditing reduces manual review burden. It also suggests measuring budget-versus-actual variance, employee refunds or updates, and adding o…

Mar 14Tue
  1. SAP Concur Blog

    Automated Credit Card Reconciliation: Big Returns for Small Businesses

    A SAP Concur blog post aimed at small businesses examines the hidden costs of manual credit card reconciliation. It says out-of-policy spending and outright fraud can easily fly under the radar with manual processes, and risks multiply if multiple employees share a single corporate card or if personal credit cards are used for business expenses; the average time span fraud lasts before detection is 14 months, and 76% of cases are committed at the employee or manager level. It says SAP Concur users reported 32% less time to approve expenses, 13 hours saved per finance/accounting employee per week, $18 saved per expense report, and positive ROI in 8 months after automating the expense process.

Mar 7Tue
  1. SAP Concur Blog

    Adopting Spend Automation to Maximize New Funding

    A SAP Concur blog post aimed at companies that have received new funding recommends digitizing and automating spend management—employee expenses, vendor invoices, and travel costs—to maximize the value of that funding. It says automation can improve business intelligence and actionable insights, help make contingency plans, strengthen working capital, improve spend visibility, and find cost-saving opportunities. It cites data showing roughly 20% of expenses fall out of policy and organizations lose an estimated 5% of revenue to fraud each year, and a 2022 Analysys Mason survey showing companies saw positive ROI within 8 months on average after implementing travel and expense and/or vendor i…

Mar 2Thu
  1. SAP Concur Blog

    SAP Concur Releases AP Automation Selection Checklist

    SAP Concur released a checklist for selecting accounts payable automation solutions, noting that manual invoice capture, auditing, routing, approval and payment steps are error-prone and time-consuming. Amid economic uncertainty, fully automating AP processes can improve efficiency and spending visibility. The checklist advises evaluating whether solutions can automatically match purchase orders, invoices and payments, use AI and machine learning for accuracy, and provide a near-real-time cash flow view.

  2. SAP Concur Blog

    SAP Concur Recommends Mobile Apps and Digital Adoption Platforms to Improve T&E Experience

    SAP Concur published an article recommending businesses improve employee travel and expense management experience through mobile apps and digital adoption platforms. It notes that providing the right digital tools can make teams and companies more productive, especially during tight budgets and talent shortages. The SAP Concur mobile app lets users book and manage trips and log expenses on the go; ExpenseIt lets employees photograph receipts; Concur User Assistant by WalkMe accelerates onboarding and training through on-screen prompts and a chatbot.

Feb 23Thu
  1. SAP Concur Blog

    SAP Concur Announces 2023 Innovation Award Winners

    SAP Concur announced five 2023 Innovation Award winners at its Fusion conference. Standard Chartered Bank condensed its T&E policy from 67 pages to a two-pager and uses Concur User Assistant by WalkMe to advise employees of flight carbon impact; Merck deployed SAP Concur solutions in over 75 countries and issued 40,000 payment cards in 10 months; Gallagher rolled out across six regions in two weeks; Acquis won the Partner Innovation Award; PwC Italia reduced travel-related CO2 emissions by 53% since 2019.

Feb 16Thu
  1. SAP Concur Blog

    SAP Concur Highlights Six Reports to Close Spending Loopholes

    SAP Concur published a blog recommending six reports within its solution to reduce non-compliant spending and potential fraud. Citing ACFE data, it notes 51% of surveyed respondents uncovered more fraud since the pandemic, and nearly half of reported cases stemmed from a lack of internal controls. The six reports cover route data, receipt attachments, cash versus card spend, approved reports with unviewed receipts, high-risk expense categories, and travel expenses on cash.

Feb 7Tue
  1. SAP Concur Blog

    SAP Named a Leader in IDC MarketScape 2022-2023 Travel and Expense Report

    SAP Concur's blog states SAP was named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud Enabled Travel and Expense Applications for Enterprise 2022-2023 Vendor Assessment. The article cites IDC research on market trends including continued emphasis on health and safety, sustainability and diversity, more in-company travel amid remote work, demand for easy-to-use fully digital solutions, and greater acceptance of corporate cards. SAP Concur also launched a Travel & Expense Maturity Assessment tool.

Feb 6Mon
  1. SAP Concur Blog

    CFOs Remain Committed to Digital Tools Despite Inflation

    SAP Concur's blog notes that despite global inflation and recession concerns, many CFOs expect investment in digital tools that deliver efficiency and insights to continue. The article cites views from SAP CFOs across regions, covering sustainability, recruitment and retention, and confronting inflation-related challenges. CFOs can view digital transformation as a way to boost enterprise resiliency and navigate major disruptions like recession.

  2. SAP Concur Blog

    How CFOs Are Leading Transformation and Driving Enterprise Reinvention

    SAP Concur's blog cites Accenture data stating 68% of CFOs are driving three or more enterprise-wide transformation initiatives in parallel. The article discusses how CFOs can break down silos by running initiatives in parallel, improve employee experience, and offers three ways to future-proof organizations: scenario-planning capability, collaboration, and continuous improvement. It also recommends starting with areas like expense management that engage employees early.

Jan 30Mon
  1. SAP Concur Blog

    How CFOs Can Move from Historian to Soothsayer to Future-Ready Their Organizations

    SAP Concur's podcast features Aneel Delawalla and Paul Carr of Accenture discussing how CFOs can make better, faster, and more strategic decisions in an age of complexity. The article cites data that 68% of CFOs are driving three or more enterprise-wide transformation initiatives in parallel, and more than 90% feel asked to do more than their predecessors. The discussion covers scenario planning, cross-functional collaboration, continuous improvement, and expense management as a transformation starting point.

  2. SAP Concur Blog

    Future-Proof Your Organization for the Next Era of Business Travel

    SAP Concur's blog notes that changing employee demographics are driving a paradigm shift in business travel, with companies expanding focus to Gen Z. Gen Z is on track to make up roughly 30% of the U.S. workforce by 2030. The article recommends embracing and reexamining technology, moving from a command-and-control model to empowering employees, and offers three ways to future-proof travel programs: think bigger picture, align with your travel community, and go forward with an innovative mindset.

Jan 26Thu
  1. SAP Concur Blog

    13 Ways to Keep Your Organization's Budget on Track

    SAP Concur's blog offers budget management advice, including keeping expense data handy, educating and training employees, verifying spending aligns with budget, maximizing the value of a single platform, and ensuring spending aligns with goals. Citing a poll of 500 finance leaders, it notes 75% say their business often exceeds expense, travel, and invoice budgets, and even more agree these systems need to be better connected for a single view of spend.

  2. SAP Concur Blog

    Digging Into Essentials of Automated Expense Management

    A SAP Concur blog post cites a 2022 Analysys Mason study finding that nearly half of finance leaders worldwide say fraud and risk management are their biggest challenges, and 44% cannot make informed decisions due to lack of timely financial information. The article highlights that manual expense management is costly, while automated solutions can mitigate fraud and noncompliance risks and improve productivity and profitability. The study estimates a T&E solution saves 13 hours weekly per finance or accounting team member. One customer reports spending 65% less time processing expense reports. 72% of businesses believe digital transformation is key to growth.

  3. SAP Concur Blog

    Save Costs on Ground Transportation Spend with Rideshare

    A SAP Concur blog post suggests companies can save on ground transportation costs and improve employee safety by increasing rideshare use. It advises reviewing rideshare expense and insurance policies, checking rideshare configuration in Concur Expense, and analyzing year-over-year rideshare spend percentages. Best practice percentages range from 38% to 87% depending on industry. A formula is provided to estimate potential savings: (taxi median rate – rideshare median rate) × (25% of total taxi transactions). Encouraging rideshare gives employees autonomy, location-sharing ability, and reduces carbon emissions.

Jan 24Tue
  1. SAP Concur Blog

    Concur Cloud for Public Sector Now Listed on the FedRAMP® Marketplace

    On January 18, 2023, Concur Cloud for Public Sector became listed on the FedRAMP Marketplace as 'in process' for a FedRAMP Moderate agency authorization. The sponsoring federal agency is committed to partnering with SAP Concur for initial FedRAMP Authorization, with plans for a 3PAO assessment and intent to issue an Authority to Operate within 12 months. The 3PAO assessment has been completed and is in final review. The platform is the only commercially available multi-tenant, fully integrated travel and expense platform purpose-built to U.S. government FedRAMP security standards, limiting access to U.S. citizens on U.S. soil.

Jan 11Wed
  1. SAP Concur Blog

    We Answer: What Are Expense Reimbursements? And Other FAQs.

    A SAP Concur blog post answers common questions about expense reimbursements, including: what is an expense reimbursement, what expenses are reimbursable, whether receipts are needed, how to pay reimbursements, reimbursement timelines, whether reimbursements count as income and are taxable, and alternatives. It emphasizes that reimbursement amounts should exactly match expenses, receipts are non-negotiable for IRS audits, and reimbursements are not considered income for employees. Alternatives include advances, per diems, corporate cards, and purchasing cards.

  2. SAP Concur Blog

    We Answer: What Are Expense Reports? And Other FAQs.

    A SAP Concur blog post answers common questions about expense reports, including: what is a travel expense report, what is an income and expense report, what should an expense report include, whether receipts are needed for every expense, who approves expense reports, what to do if an invalid or personal expense is found, and how to create an expense policy. It emphasizes that expense reports are the best way to manage and track employee business expenses, and receipts are non-negotiable for IRS audits. SAP Concur offers a free customizable expense policy template.

  3. SAP Concur Blog

    Making the Case for AP Automation at Your Company

    A SAP Concur blog post notes that automating accounts payable reduces paper and manual entry, fewer lost invoices and late fees, more early pay discounts, increased efficiency, and a more accurate cash flow view. It cites data: invoice processing time decreased by 82% to 3.1 days per invoice, cost per invoice decreased by 80% to $2.78, and invoice exceptions decreased by 59% to 9%. Another study shows companies with automated AP process 64% more vendor invoices monthly, over 66% of teams reported cost decreases, with average savings of 20%. The article suggests building the case with efficiency and savings data plus a 'what's in it for you' strategy.

  4. SAP Concur Blog

    How Can Your Business Find Certainty in Uncertain Times?

    A SAP Concur blog post emphasizes that in uncertain times, businesses gain certainty by controlling spending and strengthening compliance. It recommends automated solutions to integrate travel and expense processes, centralize data, adhere to budgets, optimize invoice processes, and improve compliance culture. The article also mentions auditing and intelligent automation to identify non-compliant spending.

Jan 10Tue
  1. SAP Concur Blog

    Are Your Spending Processes, Metrics Up to the Times?

    A SAP Concur blog post discusses how spending patterns have changed, requiring businesses to adjust processes and KPIs. It recommends using corporate cards over cash, automating receipt management, GPS mileage tracking, and AI auditing. It cites data: SAP Concur solutions average 36% time savings in expense report handling, and manual mileage tracking can overstate miles by 15%.

  2. SAP Concur Blog

    Highlights from Fusion Exchange DC 2022 for Regulated Industries

    A SAP Concur blog post summarizes highlights from Fusion Exchange DC 2022, an event for regulated industries including federal, state and local governments, higher education, government contracting, utilities, and healthcare. Attendees discussed travel, expense, and accounts payable challenges and shared best practices. Topics included return to travel, expense reconciliation, sustainability, change management, travel safety, data & reporting, auditing, cost control & compliance.

  3. SAP Concur Blog

    Duty of Care: Protecting Your Travelers Protects Your Bottom Line

    A SAP Concur podcast with Oren Geshuri of Deloitte discusses duty of care, emphasizing the legal obligation to protect employees. Topics include legal differences across countries, mental health, safety for LGBTQ+ and disabled travelers, risks for women travelers, policy inclusivity, and how information sharing and flexible policies improve employee experience and retention.

Jan 5Thu
  1. SAP Concur Blog

    How to Save Money on Travel With TripIt

    A TripIt blog post introduces seven money-saving features, including Fare Tracker to monitor fare changes, AirHelp partnership for flight disruption compensation, Point Tracker to manage points and miles, International Travel Tools for exchange rates and tipping guidelines, Nearby Places to find nearby locations, and Navigator to compare transportation options. A survey shows 57% of Americans say inflation has impacted their travel plans.

Dec 20Tue
  1. SAP Concur Blog

    Automating Invoice Process to Get Answers Your Company Needs

    This SAP Concur blog post highlights the inefficiencies of manual invoice processing, including lack of visibility, wasted time, and increased error risk. It advocates for automated solutions to improve efficiency, reduce errors, and provide real-time financial data. Research cited shows that automated invoice management can reduce late payments by 24%, save 11% in costs, and cut budget overspending by 26%.

Dec 19Mon
Dec 13Tue