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Jun 29Wed
  1. SAP Concur Blog

    SAP Concur: Mobile Solutions Boost Compliance; IDC Says Report Time Falls 60%

    A SAP Concur blog cites customer cases saying mobile solutions let employees complete expense reports by taking photos. An IDC report found employees using modern T&E solutions cut travel booking time by 78% and expense report completion time by 60%, with 62% more employees compliant with policy. IDC calculates $1.96 million in average annual benefits per SAP Concur customer and a 650% three-year ROI. The article also says mobile apps can support duty of care by alerting employees to emergencies.

  2. SAP Concur Blog

    SAP Concur: Six Benefits of Automating AP and T&E for Small Universities

    A SAP Concur blog says smaller universities and community colleges often waste time and resources on manual processes and lack spend visibility. It lists six benefits of automating AP, travel, and expense: eliminating paper, faster reimbursement, actionable data, adoption and compliance, traveler safety, and reduced fraud and waste. It cites a Kelton study saying manual-system institutions spend over five extra hours per expense report and over two extra hours per invoice, and a 2018 ACFE survey saying 18% of higher-ed fraud comes from expense reimbursement schemes.

  3. SAP Concur Blog

    SAP Concur Releases Travel Expense Policy Template and Key Components

    A SAP Concur blog says companies devote an average of 10% of budget to employee travel and expense, and a formal policy provides reimbursement guidance and real-time budget visibility. It cites Oversight data saying 37% of business travelers had at least one exception on their expense reports and the typical company loses at least 5% of annual revenue to fraud. It lists key policy components including purpose, booking guidelines, reimbursable items, limits, documentation, approval workflow, company cards, tax compliance, and technology.

  4. SAP Concur Blog

    SAP Concur ExpenseIt Mobile Receipt Capture Explained

    SAP Concur published a blog explaining the ExpenseIt receipt-scanning feature in its mobile app. After logging into the SAP Concur mobile app and tapping ExpenseIt, users photograph receipts, and the system automatically creates, categorizes and itemizes expense entries, sends them to Concur Expense, matches credit card charges and itemizes complex hotel bills. Receipts can also be emailed to designated addresses. The feature is only available to users whose company has purchased access to the SAP Concur mobile app and ExpenseIt.

  5. SAP Concur Blog

    SAP Concur: Four Types of Expense Report Fraud and ACFE Data

    A SAP Concur blog describes four types of expense report fraud: mischaracterized expenses, falsified claims, inflated claims, and multiple claims. It cites ACFE data saying a typical organization loses 5% of annual revenue to fraud, averaging $8,300 per month; a May 2022 survey found 51% of businesses discovered more fraud since the pandemic and 71% expect fraud cases to increase over the next year. It recommends anti-fraud strategy, clear expense policy, mobile apps, and finance automation.