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Jun 7Fri
  1. SAP Concur Blog

    SAP Concur: The Power of Spend Analysis and How to Implement It

    A SAP Concur blog post says that amid economic uncertainty and inflationary pricing, finance leaders are seeking more efficient spend management strategies. A SAP Concur study shows 90% of global senior finance leaders said there is a critical need to prepare their businesses for the unexpected. The post covers the definition, benefits and implementation steps of spend analysis, including defining objectives, identifying data sources, centralizing data, cleansing and normalizing data, categorizing spending, analyzing and monitoring, and acting on findings. It also recommends taxonomies such as UNSPSC or ECLASS and emphasizes automation and cross-functional collaboration.

  2. SAP Concur Blog

    SAP Concur: The Asynchronous Work Trend and Strategies for Finance Teams

    A SAP Concur blog post discusses asynchronous work, where employees can work without needing to engage in real time. It cites an EY study of more than 16,000 employees: nine out of 10 want flexibility in when and where they work, and more than half would leave their company for a more flexible arrangement. It lists benefits such as improved planning, focus, cross-time-zone workflow, talent pool and job satisfaction, and challenges such as lack of immediate feedback, miscommunication and information overload. It recommends finance teams implement asynchronous work through clear communication, policies and procedures, technology, self-service resources and regular feedback.

Jun 4Tue
  1. SAP Concur Blog

    SAP Concur: Benefits of Virtual Cards for Business and Travel Expense Management

    A SAP Concur blog post explains virtual corporate cards—digital payment methods that exist only online—for online transactions and accounts payable. It says virtual cards can streamline financial processes such as credit card reconciliation and cash flow management, enhance security through single-use card numbers, customized controls and compliance records, and optimize travel expense management through simplified booking, automated reporting and policy compliance. It also says virtual cards can speed invoice payments, reduce errors and strengthen vendor relationships.

  2. SAP Concur Blog

    SAP Concur: Purpose, Benefits and Preparation for External Audits

    A SAP Concur blog post explains external audits—independent assessments of financial statements, records and internal controls by third parties—to validate process accuracy and identify improvement areas. It says external audits can enhance financial transparency, ensure compliance, validate internal controls and support decision-making. It lists audit steps including planning and preparation, data collection and review, evaluation of internal controls, substantive testing, reporting and recommendations, and follow-up and remediation. It notes 94% of executives agree advanced technology can promote audit quality, and automating internal audit processes is 36% more efficient for expense repo…

  3. SAP Concur Blog

    Employee Incentive Strategies to Increase Engagement

    This SAP Concur blog post discusses employee incentive strategies to boost engagement and productivity. It covers various incentive types, including financial, travel, and recognition programs, and provides steps for creating effective incentive plans, such as defining objectives, understanding employee preferences, setting realistic goals, choosing appropriate incentives, establishing transparent rules, tracking progress, and delivering as promised.

  4. SAP Concur Blog

    Adapting to Change: The Power of Business Agility

    This SAP Concur blog post emphasizes the importance of business agility and introduces the seven core principles of the Scaled Agile Framework (SAFe). It states that agility enables companies to seize new opportunities, adapt to challenges, innovate, and improve efficiency. In spend management, agile strategies include renegotiating contracts, strategic sourcing, collaborative sourcing, supplier compliance, supply chain resilience, and more. The article also provides key metrics for measuring agility.

May 29Wed
  1. SAP Concur Blog

    Accounts Payable and AI: An Ideal Fit for Efficiency and Insight

    This SAP Concur blog post explores the application of artificial intelligence in accounts payable (AP) processes. It notes that AI can automatically capture key invoice details, perform three-way matching, improve compliance and fraud detection, thereby enhancing efficiency and insight. Research shows that 63% of finance leaders plan to invest in cutting-edge technologies this year. AI cannot replace human expertise but can reduce manual work, allowing employees to focus on higher-value tasks.

  2. SAP Concur Blog

    Introducing Premium Assistant: Your Trusted Support Solution

    This SAP Concur blog post introduces Premium Assistant, a support service designed to help businesses optimize their use of SAP Concur solutions. The service provides expert assistance to streamline processes, improve productivity, save time, scale flexibly, and offer direct support to employees. With personalized service, Premium Assistant ensures investments continue to deliver value.

May 22Wed
  1. SAP Concur Blog

    Navigating Spend Management in the Year of AI Adoption

    This SAP Concur blog post discusses the transformative role of generative AI in finance and spend management. It notes that Gartner predicts over 80% of enterprises will have embedded generative AI into their operations by 2026. AI enhances efficiency in data reconciliation, fraud detection, and risk management, allowing finance professionals to focus on strategic decision-making. The article also emphasizes real-time insights, trust and ethical considerations, and workforce preparedness.

May 13Mon
  1. SAP Concur Blog

    Six Essential Criteria for Comparing Expense Management Software

    SAP Concur's blog outlines six essential criteria for evaluating expense management software: features and capabilities, integration and scalability, innovation, security, support, and reputation. It emphasizes assessing current processes, ensuring integration with existing systems, checking the provider's innovation track record and security certifications, and offering 24/7 support.

May 10Fri
May 9Thu
May 2Thu
  1. SAP Concur Blog

    What a Cash Flow Statement Is and Why It Matters for Expense Management

    SAP Concur explains what a cash flow statement is and why it matters: cash flow is the net balance of cash entering and leaving a business at a specific point in time, flowing out when inventory is bought and in when customers buy products. Rent, utilities, payroll, and bank and credit card fees make cash flow complex, and credit terms and financing can push payments later. A cash flow statement typically has three sections—operations, investing, and financing—and can be prepared using the direct or indirect method. The article also lists strategies to improve cash flow, including customer credit checks, leasing instead of buying, early-payment discounts, better inventory management, prompt…

  2. SAP Concur Blog

    How AI Travel Planners Are Revolutionizing Business Travel

    SAP Concur describes how AI travel planners are used in business travel. The article says AI travel planners use algorithms and machine learning to analyze large datasets and offer personalized recommendations, continuously learning from real human feedback. Applications include automating flight, hotel, and rental car bookings through AI-powered travel management platforms; maintaining compliance with corporate travel policies while minimizing manual effort; simplifying expense management with AI-driven systems; and using predictive analysis to optimize travel plans, reduce expenses, and provide real-time insights to address security threats or health concerns. The article also notes AI vi…

Apr 22Mon
  1. SAP Concur Blog

    The Changing CFO Role Requires Greater Collaboration with HR and IT

    SAP Concur research shows finance leaders are getting involved in areas where they traditionally had a lighter touch, and the strategic nature and crossover of C-level roles has increased. CFOs must ensure financial accountability and ROI across the organization, leading to collaboration with HR and IT on initiatives and spending. In the 2023 CFO Insights research, 87% of finance leaders said their crossover with HR is more significant than ever; in the 2024 survey, virtually every finance leader regarded the HR relationship as important, with top collaboration priorities including incentivizing high performers, diversity, and addressing the gender pay gap. With CIOs/CTOs, cost control (58%…

Apr 16Tue
  1. SAP Concur Blog

    What Is Fraud Prevention? Key Points for Corporate Expense and Travel Fraud Control

    SAP Concur explains fraud prevention in practice. The article says fraud prevention cannot be a check-the-box exercise and must go beyond simple compliance with proactive strategies to reduce risk; many organizations lack the right policies and processes because they trust employees or haven't had a major issue yet, and too often such companies are experiencing fraud but failing to uncover it. Citing ACFE, the article says 5% of the typical organization's annual revenues are lost to fraud, and 86% of fraud cases involve asset misappropriation, including padding travel and expense claims. Measures include enterprise-wide risk assessment (EWRA), segregation of duties, authorization controls,…

  2. SAP Concur Blog

    Right Tools and Approach Improve Spend Visibility and Control

    SAP Concur discusses how companies can improve spend visibility and control. The article says that amid recent turbulence and change, controlling and seeing company spending is more important than ever; while many businesses have automated and improved processes, opportunities remain to achieve better visibility, efficiency, compliance, and insight. It lists seven capabilities to look for in spend management solutions: consolidating data into a single platform; capturing every travel booking (such as Concur TripLink); integrating travel, expense, and invoice data into ERP; automating mileage (such as Drive); empowering budget managers (such as Budget and Concur Request); leveraging AI tools…

  3. SAP Concur Blog

    What Is System Integration and What Are Its Advantages?

    SAP Concur explains system integration and its advantages. The article says that with more tech tools and rapid cloud adoption, tech stacks have become increasingly complex, making it essential that everything connects properly and works consistently. System integration combines different systems and applications into a cohesive workflow, making data sharing easier and ensuring accuracy across the organization. Benefits listed include enhanced efficiency (eliminating manual data entry, reducing duplication, automating repetitive tasks); improved decision-making (real-time access to data from different sources); cost savings (reducing operating expenses, eliminating redundant systems); compl…

Apr 12Fri
  1. SAP Concur Blog

    Reduce Fraud with Technology, Policy, and Other Tools You Have

    SAP Concur explains how to prevent and detect expense fraud. The article says 62% of organizations report financial losses from fraud within the last three years, and that preventing internal and external fraud and building compliance go hand in hand. It outlines four steps: update spending policies to clearly reflect current business needs and communicate them through automated travel and expense solutions; use automated T&E technology to deter fraud, such as integrating credit card data, applying automated audit rules, requiring electronic receipts, and supporting external audit programs; monitor and analyze spend data with reporting tools to spot patterns such as duplicate expenses; and…

Apr 8Mon
  1. FCDO Travel Advice

    British Indian Ocean Territory Travel Advice: Access Restricted

    The UK Foreign, Commonwealth & Development Office (FCDO) has published travel advice for the British Indian Ocean Territory. The advice says the territory is a British Overseas Territory and access is restricted; the British Indian Ocean Territory administration based in London has more information. It also says that if permission to travel is granted, travellers should research their destinations and get appropriate travel insurance, which should cover the itinerary, planned activities, and expenses in an emergency. The page shows the advice is still current at 8 September 2026, updated 8 April 2024, with the latest update noting the travel advice has been rewritten to make it easier to re…

  2. SAP Concur Blog

    Efficiently Using Data Analytics in the Auditing Process

    SAP Concur discusses the use and challenges of data analytics in expense audits. The article says expense audits are essential to control spend and ensure financial health, and integrating data analytics is revolutionizing the task; studies indicate data analytics enhances audit quality by providing deeper insights and identifying potential risks more effectively. It also notes challenges: the need for specialized skills, longer hours spent on analysis, disruption to traditional audit processes, and increased employee workload, exacerbating CPA staffing shortages and raising stress among travel managers. SAP Concur research found 47% of global travel managers say their role is more stressfu…

Apr 5Fri
  1. SAP Concur Blog

    Amtrak Goes Live with Concur TripLink Integration

    Amtrak, the U.S. National Railroad Passenger Corporation, has officially joined the Concur TripLink ecosystem. The article says the integration lets business travelers book directly on Amtrak.com and the Amtrak mobile app, connect their Amtrak loyalty program, capture negotiated rates, and automatically sync the itinerary and e-receipt with SAP Concur solutions. Amtrak also features a direct connect integration with Concur Travel, letting travelers book a train reservation the same way they book air, hotel, or car reservations. The article says Concur TripLink serves a growing ecosystem of air, hotel, rail, and car suppliers, is used by over 14,000 customers, and supports more than 11 milli…

Apr 4Thu
Apr 2Tue
Mar 29Fri
  3. SAP Concur Blog

    The Trends Shaping a Business Travel Power Shift

    SAP Concur President Charlie Sultan writes that rising business travel demand, increasing costs, and NDC adoption are shifting power from TMCs and customers to suppliers. Citing GBTA, 59% of travel managers expect more business trips in 2024, and 67% expect higher travel spend.

  5. SAP Concur Blog

    Variable and Fixed Expenses: Understanding the Differences

    This SAP Concur blog post explains the differences between fixed and variable expenses and their impact on cash flow. Fixed expenses like rent and insurance remain stable, while variable expenses like raw materials and business travel fluctuate with activity. It offers strategies such as renegotiating contracts, optimizing inventory, and using automation to detect fraud, aiming to enhance financial resilience.

Mar 26Tue
  1. SAP Concur Blog

    9 Business Travel Trends to Watch

    This SAP Concur blog post outlines nine business travel trends for 2024, including digital transformation, bleisure travel, sustainability, safety and well-being, cost optimization, TMC evolution, cross-department collaboration, corporate incentives, and multi-channel booking. It highlights technologies like AI, virtual queuing, and biometrics to improve efficiency, and notes TMCs must adapt to digital and sustainability demands.

Mar 25Mon
Mar 21Thu
  1. SAP Concur Blog

    SAP Concur Urges Companies to Digitalize Spend Management Now

    SAP Concur published a blog arguing that companies should fully digitalize spend management now to cope with supply chain upheavals, inflation and global tensions. It cites that 90% of CFOs say preparing for the unexpected is their top task, and that finance and AP teams save an estimated 134 hours weekly using SAP Concur invoice management solutions. A fully automated solution spans request-to-payment, including receipt photo capture, automatic corporate card feeds, AI fraud and compliance checks, automated auditing and ERP integration.

Mar 20Wed
  1. SAP News Concur Search

    SAP Concur Unveils Generative AI Travel and Expense Features at Fusion 2024

    SAP announced product and partnership milestones at SAP Concur Fusion 2024 in Las Vegas. SAP Concur, with more than 92 million end users, debuted generative AI capabilities: Concur Request provides intelligent cost estimates, ExpenseIt supports web receipt uploads with automatic expense creation and generative AI hotel folio itemization, and Concur Support adds natural-language search. Concur Travel adds direct hotel and rail integrations (American Express GBT, BCD, CWT RoomIt, FCTG, HRS), UK rail content, Microsoft Teams integration, and emissions viewing and sorting via Thrust Carbon. The new Concur Expense experience partners with Mastercard for automated expense creation.

Mar 19Tue
  1. Tongcheng News Center

    Tongcheng Travel 2023 Revenue Hits Record RMB11.9 Billion

    Tongcheng Travel Holdings Limited (0780.HK) reported audited 2023 results: revenue rose 80.7% year on year to RMB11.9 billion, up 60.9% versus 2019; adjusted net profit rose 240.3% to RMB2.2 billion with an 18.5% adjusted net margin; adjusted EBITDA rose 117.4% to RMB3.12 billion. Annual paying users grew 25.2% to a record 234.7 million, and average monthly paying users rose 39.1% to 41.3 million. Transportation ticketing revenue rose 78.5% to RMB6.03 billion, accommodation reservation revenue rose 61.5% to RMB3.90 billion, and other revenue rose 148.6% to RMB1.997 billion. The company said it will continue penetrating non-first-tier cities and expanding internationally.

Mar 14Thu
  1. SAP Concur Blog

    2024 SAP Concur Innovation Award Winners Announced

    SAP Concur announced seven 2024 Innovation Award winners showcasing travel and expense automation. Bechtel piloted Concur Select Access powered by Travelfusion to display NDC content alongside GDS fares, reducing out-of-channel direct bookings and improving Duty of Care reporting. Uber used Concur APIs and automation to save more than 5,000 employee hours, automate resolution of over 70% of expense-related help desk tickets, and drive corporate card adoption above 90%. KUKA made hotel and entertainment expense creation seven times faster. Stellantis unified T&E processes across 30 countries, with 98% of employees covered by Concur Expense, estimating savings of more than EUR1 million. PETRO…

Mar 13Wed
  1. SAP Concur Blog

    How Receipt Scanners Increase Financial Efficiency

    A SAP Concur blog explains the role of receipt scanners in expense management. A receipt scanner is a hardware or software tool that converts paper receipts into digital documents via image capture or scanning, with mobile scanning software using smartphone or tablet cameras. Benefits include OCR reducing manual entry errors, cloud-based workflows speeding approvals, improved employee satisfaction, integration with financial systems, enhanced compliance and auditing, and reduced paper use. Selection considerations include hardware versus software, resolution, portability and integration.

  2. SAP Concur Blog

    Ardent Partners: 2024 AP Trends Center on AI and Agility

    The Ardent Partners report 'Accounts Payable 2024: BIG Trends and Predictions,' sponsored by SAP Concur, says AI and automation will deepen their impact on accounts payable, allowing AP teams to focus on strategic decision-making. Report topics include AI and digital transformation, fraud prevention, supply chain shifts, tightening invoicing standards, best-practice sharing, data value and AP career development. The report says AP is becoming a 'hub of intelligence' as well as a 'center of efficiency.'

  3. SAP Concur Blog

    SAP Concur: Finance Leaders Need a Certain Mindset Amid Uncertainty

    SAP Concur published a CFO Insight Series report, 'Lead Through Business Uncertainty with Technology and Strategic Vision,' gathering views from global finance leaders. It advises finance leaders to embrace technology, prioritize foundational principles, and foster personal growth and collaboration. WalkMe CFO Hagit Ynon says the right tools, technology and mindset must be in place now to secure future profitable success. The report notes automation reduces nuts-and-bolts work while empowering finance to better analyze data; managing cash flow, payables, receivables, compliance and fraud prevention remain key duties but should be part of an integrated approach. Finance leaders also need to…