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Jun 29Wed
  1. SAP Concur Blog

    Manage Your Business and Personal Trips in TripIt. Here’s How

    SAP Concur published a blog post introducing a new email setting in TripIt that allows users to control which itineraries are shared with SAP Concur. Users can customize plan-sharing preferences for each connected email address, such as setting work email to auto-share and personal email to not share. Users can also edit individual trips to choose whether to share. The feature aims to help users separate business and personal travel while streamlining expense reporting.

  2. SAP Concur Blog

    Brex and SAP Concur Partnership Expands Through Brex Rewards Center

    SAP Concur announced an expansion of its partnership with Brex, featuring SAP Concur solutions in the Brex Rewards Center. In spring 2020, Brex launched an integration with Concur Expense that allows charges on a Brex card to seamlessly flow into Concur Expense. Brex is changing the corporate lending landscape by opening up opportunities to a segment previously untouched by many corporate card programs.

  3. SAP Concur Blog

    SAP Concur: Controlling Expense Fraud to Keep 5% of Revenue

    Citing the Oversight Systems 2017 Spend Analysis Report, SAP Concur says the typical organization loses 5% of annual revenue to fraud, with 89% of that being asset misappropriation including expense reimbursement schemes, and 50% due to weak internal controls. It offers six tips: robust travel and expense policies, tools that make compliance easier, catching spend anomalies before they happen, reducing mileage padding, audits, and automatic monitoring of expense claim data. SAP Concur says it connects to spending data from suppliers, credit providers and other sources, and uses Concur Intelligence for reports, dashboards and real-time alerts.

  4. SAP Concur Blog

    Automating AP and Expense Processes: The Secret to Controlling Stress

    This SAP Concur blog post emphasizes the importance of automating accounts payable and expense processes to control stress. It notes that nearly half of all accountants work more than 13 extra days per year, and automation provides real-time spend visibility, improves operational efficiency, and promotes work-life balance. Through examples, it shows how automated solutions reduce errors, save time, and boost employee satisfaction.

  5. SAP Concur Blog

    Keep Your Small Business Competitive with the Right Financial Solutions

    A SAP Concur blog post notes that as manual financial tasks become automated, cloud-based expense management solutions are proliferating, and small businesses need to choose the right tools based on their situation. It suggests answering three questions to determine automation needs: whether employee fraud needs addressing, whether spend is managed reactively or proactively, and whether there is sufficient visibility into cash flow and expenses. Automated expense management systems capture and process expenses, improve audit efficiency, and spot discrepancies; mobile-enabled solutions allow employees to submit expenses on the road, providing near real-time spending data. The article also re…

  6. SAP Concur Blog

    We're Not the Best Just Because We Say We Are

    A SAP Concur blog post aims to clarify common misconceptions about spend management solutions. It emphasizes that a true solution should focus on both end-user experience and the experience of finance managers, providing data analysis and compliance support. The post also distinguishes between 'connected' and 'integrated' and notes that reporting and analytics capabilities vary by provider, requiring complete data capture and professional analytical support.

  7. SAP Concur Blog

    Manage Small Business Travel with SAP Concur Solutions

    SAP Concur offers integrated travel solutions for small businesses to streamline travel and expense management. The mobile app and TripIt Pro enable travelers to book flights and hotels, track loyalty programs, and automatically sync receipts to Concur Expense. Companies can choose from lightly managed options like TripLink or fully managed programs with Concur Travel and a TMC.

  8. SAP Concur Blog

    4 Best Practices for Healthcare Mileage Reporting

    An SAP Concur blog post notes that healthcare customers spend 11% on personal car mileage, more than double the average of any other industry. As the number of Americans aged 65 and older doubles in coming decades, demand for mobile healthcare will grow, with more nurses and hospice workers traveling by car. The article offers four best practices: clearly define mileage reimbursement policies, set high expectations for visibility and control, adopt GPS automated tracking for accuracy, and enable mobile app-based reimbursement. Research shows companies save an average of 20% on costs after moving from self-reported mileage to automated GPS tracking.

  9. SAP Concur Blog

    Amazon Business Integration Launches for Concur Expense

    SAP Concur announced a new Amazon Business Integration for Concur Expense. Available for free via the SAP Concur App Center, the integration reduces the time and effort required for employees to create expense reports from Amazon Business purchases and increases data accuracy. Amazon Business purchases automatically appear in an employee's available expenses, eliminating the need to upload or track down receipts. The integration is easy to set up with just a few clicks from administrators and is available for U.S.-based Amazon Business spend.

  10. SAP Concur Blog

    SAP Concur Podcast Conversation with neylux: Innovating Approval Workflows

    SAP Concur published a podcast conversation with Siegfried Krause, co-founder of neylux, a 2020 Partner Innovation Award winner, sharing how they helped a customer automate approval workflows. neylux implemented a passive approval model where employees enter data, Concur Audit performs compliance checks, and managers receive a summary page and PDF via email without active approval. The solution reduced the reimbursement cycle from two to three weeks to one week.

  11. SAP Concur Blog

    How to waste time…efficiently

    This SAP Concur blog post discusses how businesses can use time efficiently, emphasizing the importance of digital technology for SME growth. It cites research that 53-60% of SMEs say new technology solutions have improved workflows. The article recommends investing in digital tools like automated travel and expense management to save time and boost productivity.

  12. SAP Concur Blog

    From Spreadsheets to the Cloud: Bentley's Digital Transformation of T&E

    Bentley is a technology company serving engineering, architecture, and construction firms globally, with more than 3,000 employees across 50 countries; T&E is its second-largest controllable annual expense. The company initially managed T&E with spreadsheets and email, adopted an on-premise SAP solution in 2010, and moved to Concur's cloud solution in 2013, enabling automated approvals, e-receipts, automatic currency conversion, and mobile expense reporting, integrated with SAP ERP and SuccessFactors.

  13. SAP Concur Blog

    There's a Hole in My Data! Plug These Finance Gaps With Automation

    This SAP Concur blog post highlights that manual processes create blind spots in financial data, with 81% of finance leaders lacking complete visibility over T&E and invoice spend. Automation improves visibility, controls the second largest expenditure, speeds supplier payments, and ensures policy compliance. It cites SAP Concur processing nearly 124.6 million expense claims and 58.7 million travel bookings in 2017.

  14. SAP Concur Blog

    SAP Concur Releases Guide for Creating Corporate Expense Policies, Covering Expense Types and Best…

    The SAP Concur blog has published a guide on creating effective corporate expense policies. The article details what constitutes a business expense, the main types of expenses (fixed, variable, periodic), and common expense categories (such as travel, meals, remote work). The guide also provides key steps for developing an expense policy, including identifying clear categories, using simple language, defining approval processes, updating regularly, and integrating systems, while emphasizing the importance of policy compliance and employee satisfaction.

  15. SAP Concur Blog

    SAP Concur: Three Data-Driven Strategies for Better Fraud Detection

    A SAP Concur blog post presents fraud detection strategies shared by Ford Motor Company and CenterPoint Energy in an ACFE webinar: combining p-card data with expense reports to analyze trends; reviewing employee spend in all investigations; and using systems to analyze 100% of transactions and flag risks. In the Ford case, reviewing two years of expense reports uncovered $3,000 in fraudulent spend.

  16. SAP Concur Blog

    Logoplaste Customer Story: A Fast Track to the Cloud

    Portuguese plastic packaging company Logoplaste partnered with SAP Concur and Accenture to deploy a cloud-based expense and travel management solution across 18 countries. The project rolled out in two waves, starting with Portugal, USA, Canada, Brazil, UK, and Luxembourg, then expanding to 12 more countries. After implementation, the average time between expense preparation and payment is less than 11 days, and 11 countries use an exclusively digitized process. Over 1,000 users have submitted more than 1,000 expense reports, with a user rating of 4.3/5.

  17. SAP Concur Blog

    SAP Concur: Best Practices for an Employee Spend Fraud Mitigation Program

    A SAP Concur blog post focuses on fraud arising from employee spending, both intentional and accidental, and mitigation measures. It cites the ACFE 2018 Global Study on Occupational Fraud and Abuse, which reports 5% of a typical organization's revenue is lost to fraud each year and 83% of fraud cases involve asset misappropriation; the median loss of asset misappropriation was $154K, with expense reimbursements making up 14% of risk in that fraud category. It also cites a 2017 Oversight report finding 37% of business travelers had at least one exception on their expense reports. Recommended practices include an integrated platform, budget control, 100% auditing and automated GPS mileage tra…

  18. SAP Concur Blog

    SAP Concur: Five Things AP Teams Didn't Sign Up For and the Automation Way Out

    SAP Concur lists five things AP teams didn't sign up for: tedious manual invoice processing, being overwhelmed by paper invoices, lacking authority to fix broken processes while being scapegoated, feeling ignored, and working weekends to approve invoices. The post states most SMBs have two to four AP professionals processing hundreds or thousands of paper invoices monthly. Manual processes cause difficulty tracking spending, incomplete documentation, duplicate data, poor cash flow visibility, and slow approvals. SAP Concur recommends invoice automation to cut processing time, free teams for spend analysis and cost-saving, and claims automation saves companies tens of thousands of dollars an…

  19. SAP Concur Blog

    Embracing Digital Solutions and Engaging Employees

    A SAP Concur blog post discusses the cost control and compliance pressures facing finance teams, as well as employee turnover risk. It notes that digital solutions such as automation, machine learning, AI, and ERP integration can improve employee experience and efficiency. Using SAP Concur solutions can reduce time to fill out an expense report by 43%, time to reimburse expenses by 50%, and increase employees following T&E policies by 32%. The post also poses five key questions to help finance leaders reimagine travel, invoice, and expense management.

  20. SAP Concur Blog

    SAP Concur Shares Tips for Creating Effective T&E Policies

    A SAP Concur blog post discusses how to create T&E policies that support employees while controlling costs. It recommends keeping policies simple to avoid ambiguous booking rules that lead to mistakes and hidden spend; talking to road warriors to understand their needs; and making it easy for employees to find and follow the rules. The article notes that when compliance is simpler, more people do it, leading to better spend control and employee satisfaction.

  21. SAP Concur Blog

    C-Suite Panel: Insights on Business Travel Return and Risk Management

    In a C-Suite panel hosted by SAP Concur, former executives from Andeavor, Kennametal, and Florida Crystals shared insights on the return of business travel, risk management, and cloud technology. More than half of respondents in a recent Economist research report expect to rely on business travel as much or more than pre-pandemic. Almost three-quarters of U.S. respondents say they have experienced an increase in 'maverick spending' by employees, largely due to more employees working from home. The panel recommended adding a pre-trip approval process and using AI and ML to turn transaction data into insights.

  22. SAP Concur Blog

    SAP Concur Shares Expense Management Benchmarks to Boost Workforce Productivity

    SAP Concur article states that many customers have observed an uptick in workforce productivity by encouraging corporate card usage and leveraging automation tools to submit, review, approve, and pay expenses. It provides expense workflow benchmarks: if employees take longer than 22 days to submit an expense, managers longer than two days to approve, and accounts payable longer than three days to pay, adjustments to policies and timelines may be needed. Best practices include implementing card feeds, reviewing expense workflow reports, soliciting feedback, adjusting policies, and educating teams.

  23. SAP Concur Blog

    Rethink Your Spend Management KPIs

    SAP Concur introduces a spend management KPI scorecard to help companies rethink how they measure spending. The article notes that spending patterns have changed significantly over the past two years, and if KPIs haven't been adjusted, companies may be measuring the wrong things. The scorecard offers 17 new indicators covering risk measurement, program performance, budget accuracy, and more, highlighting that duplicate mileage submissions increased 2,127% in the last quarter of last year.

  24. SAP Concur Blog

    ACFE Report: Median Occupational Fraud Loss in Financial Services Reaches $110,000

    A SAP Concur blog post cites the ACFE's 2018 global report on occupational fraud and abuse: total occupational fraud losses reached $7 billion, with median reported fraud losses of $153,000 for insurance and $110,000 for financial services. The most common schemes in banking and finance were corruption (36%) and cash on hand (23), while insurance saw more corruption (45%) and billing (20%). The report found organizations with internal anti-fraud controls had lower fraud instances, and those proactive with data monitoring and analysis saw 52% lower losses and 58% faster detection.

  25. SAP Concur Blog

    SAP Concur: Now Is the Time to Digitalize Your Spend Management

    A SAP Concur blog post argues companies should invest in digital spend management. Shari Lava, research director at IDC, says the manual way is not working, and Bryan Ball, director of research at Aberdeen, says visibility into spending information can make a difference in survival. The article notes paper-, email-, and spreadsheet-based processes are untenable under remote work, and digitalization enables automated approvals, faster reimbursement, real-time spend analytics, and ERP integration.

  26. SAP Concur Blog

    SAP and Qualtrics Launch Concur Experience Optimizer

    SAP SE and Qualtrics announced the availability of Concur Experience Optimizer, combining Qualtrics EmployeeXM's employee experience management with operational intelligence data from Concur Travel and Concur Expense to help companies design travel programs for the hybrid workplace, improve spend management, and increase retention. Research shows 70% of employees expect to return to pre-pandemic travel levels, and 84% are willing to travel within the next year. The solution captures employee sentiment via feedback templates and dashboards linked to operational data to improve compliance, budget predictability, and sustainability.

  27. SAP Concur Blog

    SAP Concur: Preventing and Detecting Fraud During Times of Economic Uncertainty

    SAP Concur states that according to the most recent global study on occupational fraud and abuse, the typical organization loses 5% of annual revenue to white-collar crimes. From 2018 to 2019, this included 2,504 fraud cases, 125 countries, $1.5 million average loss per case, and $3.6 billion total losses. ACFE President James D. Ratley says fraud rises during economic uncertainty. ACFE survey shows 55.4% of respondents said fraud levels increased in the past 12 months; nearly 60% of in-house CFEs reported layoffs, 35% of those companies eliminated some controls, and only 3.2% increased controls. SAP Concur recommends automated internal controls to supplement human oversight.

  28. SAP Concur Blog

    SAP Concur Rolls Out UI Enhancements for Concur Invoice

    After an early adopter program with more than 40 clients, SAP Concur released user experience enhancements for Concur Invoice on April 13, 2019. To date, more than 200 clients have enabled the new interface. The update targets accounts payable users with a new Invoice Manager landing page that surfaces to-do tasks, plus modernized Unassigned Invoices and My Invoices screens. Users can toggle the enhancements on in Invoice Preferences; the changes become live for all Concur Invoice users after April 13.

  29. SAP Concur Blog

    SAP Concur Named G2 Leader for Summer 2020 in Travel and Expense

    SAP Concur was ranked the #1 Leader in four of G2's Summer 2020 Grid Reports: Travel Management, Expense Management, Invoice Management, and Travel & Expense Management. More than 5,000 users provided reviews, with users especially appreciating compliance and expense automation features. G2 Director of Market Research Kara Kennedy said high market presence and strong user satisfaction ratings drove the top rankings.

  30. SAP Concur Blog

    SAP Concur Integrates with ERP to Automate Accounts Payable

    SAP Concur published a blog post explaining how integrating accounts payable (AP) processes with enterprise ERP systems addresses three primary issues: siloed information, disparate systems, and error-prone manual processes. Citing an IDC report, the article notes that technologies like cloud, machine learning, and advanced analytics are transforming AP management, and positions SAP as a leader in worldwide cloud and SaaS ERP AR and AP applications. The integration enables near real-time data synchronization between SAP Concur and SAP systems with no manual interaction, improving visibility, reducing risk, and enhancing compliance.

  31. SAP Concur Blog

    Zero-Based Budgeting: SAP Concur and Accenture Discuss Aligning Strategy with Spending

    SAP Concur and Accenture experts discussed zero-based budgeting best practices in a podcast. Zero-based budgeting does not start from the previous year's budget but from scratch, making budget holders and employees think through what they need to spend to achieve business strategy. Experts noted that zero-based budgeting is not a cost-cutting measure but a way to allocate resources to business strategy. Companies can use technology systems to gain spend visibility and operational reporting to understand budget deviations, supporting long-term growth and profitability.

  32. SAP Concur Blog

    Mileage Reimbursement: How Much Are You Paying for Overstated Expenses?

    SAP Concur published a blog post discussing the financial risks and compliance issues of self-reported mileage reimbursement. The article notes that self-reported mileage relies on an honor system, making it prone to errors or exaggeration, which increases company costs and potential fraud. Without receipts, it is difficult to verify accuracy or ensure compliance with tax and regulatory requirements. The article recommends automated mileage tracking tools like Concur Drive to accurately capture distance and routes, reducing overstatement, improving audit readiness, and establishing a culture of compliance.

  33. SAP Concur Blog

    Managing Event Costs: Six Tips to Do It Right

    SAP Concur offers six tips for managing event and meeting costs: have a solid strategy, view all events holistically, plan ahead, use technology to centralize the process, set aside one-fourth of the budget for unexpected expenses, and track and analyze event spending throughout the year. The post notes event spending covers venues, travel, food, audio-visual and more, and that multiple purchasers can lead to budget overspend.

  34. SAP Concur Blog

    How Healthy Is Your Travel Program?

    A SAP Concur blog post discusses the importance of a healthy corporate travel program. It notes that travel management processes can impact everything from employee satisfaction to budgets, compliance, payroll, taxes, and traveler safety, so it is critical that companies have a healthy travel program. This means ensuring full visibility into travel and expense management processes and data, as well as mechanisms for managing complex and changing internal policies and external regulatory requirements. The article suggests companies assess their travel programs, including data utilization, travel processes, compliance, and employee satisfaction. SAP Concur offers an online travel program asse…

  35. SAP Concur Blog

    SAP Concur Launches Receipt Digitization to Meet Local Regulations

    A SAP Concur blog introduces its receipt digitization feature. Many countries have strict legal and tax requirements for digital receipt images, such as France requiring integrity and authenticity, and Spain requiring official certification. SAP Concur automates the process: after taking a photo of a paper receipt with ExpenseIt, back-end processes ensure the image is digitized and managed according to local legal standards, displaying a blue 'certified' icon and automatically adding it to the expense report workflow.

  36. SAP Concur Blog

    Digital Receipts: Good for Business and the Planet

    This SAP Concur blog post highlights the benefits of digital receipts for both businesses and the environment. It notes that most paper receipts are non-recyclable due to BPA or BPS coatings, and their production consumes millions of trees and billions of gallons of water annually. Adopting digital receipts simplifies receipt management, saves time and money, and improves employee satisfaction. SAP Concur offers tools to automatically integrate electronic receipts and digitize paper ones via mobile app photos. The article also mentions collaboration with the Japanese government to reform regulations and an e-receipt solution integrated with WeChat in China.

  37. SAP Concur Blog

    SAP Concur Advises CFOs to Focus on Employee Spend Management

    SAP Concur published an article advising CFOs to focus on employee spend management. Citing SAP customer data, it notes that many companies saw their expense category 'Other' grow by 58% from 2019 to 2020. The article recommends CFOs ask their teams three questions: whether the travel and expense solution easily connects to other financial systems, whether it makes compliance easy for employees and managers, and whether it tracks rogue spend. It also cites an EIU research report stating almost 75% of US respondents reported an increase in rogue spending by employees.