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Jan 15Wed
  1. SAP Concur Blog

    Effortless Travel and Expense Management Now Available Within Microsoft Teams

    SAP Concur announced the integration of Concur Travel and Concur Expense with Microsoft Teams. Users can access travel plans and expense approval functions directly within Teams, including sharing travel plans during meetings, sending flight details via chat so colleagues can book directly, and approving expense reports on mobile. SAP Concur says the move aims to embed travel and expense management tools into employees' daily work platform to improve efficiency and employee satisfaction.

Jan 14Tue
  1. SAP Concur Blog

    Finance Leaders: Business Travel + Expense Management Trends

    SAP Concur experts predict 2025 business travel and expense management trends: organizations will expect more from every travel dollar, AI will handle more work, TMCs will continue consolidating, content fragmentation will slow, and NDC benefits will emerge. CFO priorities include growth, AI adoption, ESG integration, cybersecurity, and talent management. Surveys show 76% of travelers enjoy travel and 67% see it as career-critical.

Dec 12Thu
  1. SAP Concur Blog

    SAP Concur ExpenseIt: Evolution of AI-Driven Expense Management

    SAP Concur's ExpenseIt tool has evolved significantly since its launch, now incorporating generative AI and machine learning to automatically extract data from receipts and create expense entries. The latest feature uses large language models to process hotel folios, automatically removing personally identifiable information and improving expense report efficiency.

Dec 10Tue
Nov 25Mon
  1. SAP Concur Blog

    SAP Concur Publishes Guide on Business AI Use Cases in Travel and Expense Management

    SAP Concur published a blog on November 25, 2024, outlining business AI use cases in travel and expense management. It cites survey data showing over half of finance leaders plan to invest in business AI, with 61% aiming to improve efficiency, 64% to automate mundane tasks, and 67% to improve forecasting accuracy; 58% of CFOs admit to understanding very little about AI in finance. The article lists specific use cases in accounts payable, travel booking, and expense reporting, and mentions Concur Expense can achieve 5X efficiency, recoup initial investment in 7 months, and deliver a three-year ROI of 628%.

Nov 19Tue
  1. SAP Concur Blog

    Research Shows Public Sector Faces Challenges Modernizing Travel & Expense Management

    SAP Concur published a blog on November 19, 2024, citing Wakefield Research to reveal challenges public sector organizations face in travel and expense management. Data shows 29% of healthcare organizations still rely on manual data entry, higher education institutions spend 64 days processing vendor payments, 38% of state and local government T&E solutions fail to meet regulatory requirements, 99% of aerospace and defense contractors face security mandates but nearly a third of systems fall short, and 100% of energy and utilities organizations face new security mandates but 34% acknowledge current solutions are inadequate.

  2. SAP Concur Blog

    SAP Concur Executives Predict 2025 Travel & Expense Trends

    SAP Concur published a blog on November 19, 2024, with executives predicting 2025 travel and expense trends. Predictions include: slowing inflation will increase travel opportunities; early caution will bolster greater trust in generative AI; finance leaders will collaborate across the C-suite to implement emerging technology; TMC consolidation will continue, while airlines and travelers reap the benefits of NDC. The article cites the 2024 SAP Concur Global Business Travel Survey, which found 95% of business travelers would consider using AI-powered automation to support their tasks.

  3. SAP Concur Blog

    SAP Concur Showcases User Cases of AI-Driven Spend Management Solutions

    SAP Concur published a blog on November 19, 2024, using three personas—Amanda, Jessica, and Michael—to showcase how its AI-driven spend management solutions improve efficiency. Amanda, an accounting analyst, saves two and a half days per week; Jessica, an AP manager, reduced month-end close from 15 days to 3 days; Michael, a sales rep, submits expense reports in minutes instead of days. The article also mentions businesses using SAP Concur solutions see a 26% reduction in budget overspending and a 47% reduction in missing receipts.

Nov 15Fri
  1. SAP Concur Blog

    SAP Concur Releases 'Before You Go' Checklist for Business Travelers

    SAP Concur has released a 'Before You Go' checklist for business travelers, aiming to help employees with varying levels of experience better prepare for trips. The checklist covers preparation, booking, planning, and packing, and suggests travel managers and HR share it as a company resource. SAP Concur also offers customizable templates and lists, and mentions tools like Concur Travel, TripLink, TripIt Pro, and ExpenseIt. In the past 12 months, more than 30 million flights were booked in Concur Travel.

Oct 21Mon
  1. SAP Concur Blog

    SAP Concur Releases Guide to Managing Corporate Cards with Concur Expense

    SAP Concur published an article on managing corporate cards and purchase cards (p-cards) with Concur Expense. Corporate cards are credit cards issued to employees for expenses like travel, meals, and lodging; p-cards are lines of credit used to buy supplies, subscriptions, or tools at preferred vendors. Both provide spending visibility and control. Concur Expense offers extended solutions like Company Bill Statements, Bank Card Feeds, Expense Payment Manager, and Central Reconciliation to automate reconciliation, accelerate reimbursement, and simplify management.

Oct 7Mon
  1. SAP Concur Blog

    SAP Concur Report: 2024 Business Spending Trends

    SAP Concur released its 2024 Business Spending Trends report based on early 2024 spend data. The top seven employee spending categories remained unchanged from 2023, with Other/Miscellaneous at 32.04%, Air 17.67%, Lodging 17.36%, Meals 12.14%, Ground Transportation 5.72%, Entertainment 4.54% and Office 2.48%. Since 2019, the average transaction cost for Other has jumped 57% and Miscellaneous 47%. The report also cites research showing 90% of employees noticed their company cutting back on flexible travel options and 64% saw increased focus on pre-travel approval. 2023 data shows a 17% increase in claims with missing receipts, a 29% increase in spend for such claims, and a 10% increase in ex…

Sep 16Mon
  1. SAP Concur Blog

    SAP Concur: Concur Invoice Automates Accounts Payable

    SAP Concur published an article on automating accounts payable (AP) with Concur Invoice. It cites a CFO survey showing 63% of CFOs are investing in cutting-edge technology to support agility, up from 33% the previous year; over half of CFOs name cost control as a top three internal challenge in 2024; and 52% say there is risk that costs rise quickly as companies grow. The article also presents case studies of Honda NZ, Canaccord Genuity and Ingeus using Concur Invoice, including Honda NZ saving NZD 17,000 per month, Canaccord Genuity completing approvals and payments typically within a week, and Ingeus processing 3,000 invoices per month.

Aug 26Mon
  1. SAP Concur Blog

    SAP Concur Launches Request Assistant to Streamline Trip Approvals with Generative AI

    In March 2024 SAP Concur added Request Assistant to Concur Request, using generative AI to provide cost estimates for business trips based on trip duration, destination, and services, as well as user preferences such as flight class, number of connections, and hotel ratings. The feature integrates with Concur Travel to carry approval-stage details into booking, and with Concur Expense to populate an expense report from expected costs; if the final total matches the original estimate, companies can configure auto-approval. SAP Concur's 2024 Global Business Travel Survey found that 84% of business travelers say their company requires pre-trip approvals for at least some trips, 67% have observ…

Aug 19Mon
  1. SAP Concur Blog

    SAP Concur: Five Principles for Choosing Spend Management Tech

    SAP Concur published a blog outlining five principles for choosing a spend management solution, urging companies to deploy AI-driven tools within six to twelve months to cut costs and lift employee productivity. It cites customer examples from Unisys, New York University, Prison Fellowship and AtriCure, emphasizing spend visibility from integrating travel and expense data. SAP Concur says its solutions serve more than 51,000 businesses and integrate with over 200 ERP, CRM, HR and accounting systems.

Aug 13Tue
  1. SAP Concur Blog

    SAP Concur Customers Share Top Benefits of Automation

    SAP Concur released a video series in which customers share real-world benefits of automation. Caris Life Sciences' Compliance and T&E Manager said a risk management solution streamlined the audit process; AtriCure's Senior Manager of Finance Projects said Concur Invoice workflow automation improved employee productivity and satisfaction; Lincoln International's Global Concur Specialist uses the Consultative Intelligence add-on to boost decision-making; and Great Hearts Academies' Director of Financial Shared Services said automated mileage tracking saves employees time.

Jul 26Fri
  1. SAP Concur Blog

    SAP Concur Reflects on 30 Years of Innovation and Future Vision

    SAP Concur published an article reflecting on its 30-year history, claiming it was first to establish expense reporting as a service, first to create an integrated travel and expense platform, and first to build AI and machine learning into T&E solutions. It describes redefining the expense experience, business travel, and intelligent data through timely notifications, policy tips, smart receipt handling, real-time credit card authorizations, preference-based booking, sustainability metrics, and generative AI and predictive auditing.

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 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 16Tue
  1. 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…

  2. 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…

Mar 29Fri
  2. 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
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 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.

Mar 12Tue
  1. SAP Concur Blog

    SAP Concur Delivers Enriched Travel and Expense Experiences at Fusion 2024

    SAP Concur announced product and partnership developments at Fusion 2024. Concur Travel adds in-app emissions data (Thrust Carbon integration), enhanced hotel and rail content (direct integrations with American Express GBT, BCD, CWT RoomIt, FCTG, HRS and UK rail content), Microsoft Teams integration and Concur Request integration. TripIt Pro adds risk alerts covering weather, political unrest, labor action, communication outages and select airline alerts. The new Concur Expense experience partners with Mastercard for automated expense creation, and a new Data Delivery Service provides direct access to expense data for analytics tools. SAP also debuted generative AI features including Concur…

  2. SAP Concur Blog

    SAP Concur and Mastercard Partner to Simplify Expense Reports

    SAP Concur announced a new partnership with Mastercard to simplify the expense process. Through a new integration, purchases made on Mastercard corporate cards are captured and automatically populated in Concur Expense, with users alerted immediately if additional information is needed. The integration will be available to select customers globally starting in Q2 2024, and customers can continue banking with preferred partners and utilizing existing card programs. The partnership also includes spending controls and restrictions to encourage expense policy compliance.

Feb 29Thu
  1. SAP Concur Blog

    SAP Concur Outlines Vision for Future of Travel and Expense Management

    At its SAP Concur Fusion customer event, SAP Concur shared its vision for the future of travel and expense management, where these tasks practically manage themselves, removing the need to write expense reports, understand compliance policies, or sacrifice personal preferences. The company said it will develop solutions that are intelligent, predictive, instinctive, and continuously learning, leveraging its position as one of the largest aggregators of travel and expense data to improve efficiency, compliance, and employee satisfaction through generative AI and machine learning.

Feb 28Wed
  1. SAP Concur Blog

    How to Do an Expense Report: Steps and Solutions for Effective Expense Reporting

    SAP Concur published a guide on how to do an expense report, covering steps such as collecting receipts and recording date, vendor, expense category, taxes, and receipt images. The article notes that travel-related expenses at small and medium businesses increased 178% in 2022, and discusses templates, tool choices, and expense fraud risk, stating that around 5% of a typical organization's annual revenue is lost to fraud.

  2. SAP Concur Blog

    What Is Per Diem and How Does It Work for Business Travel?

    SAP Concur published an article explaining what per diem is and how it works, covering three common expense categories: lodging, meals, and incidentals. The article describes fixed allowances and reimbursable allowances, as well as a mixed model, and notes that many organizations base rates on federal per diem rates published by the GSA or IRS, with the U.S. Department of State providing benchmarks for international travel. It also discusses pre-approvals, advances, international compliance configurations, and the benefits and limitations of per diem.

Feb 27Tue
  1. SAP Concur Blog

    What Is an Itemized Receipt and Its Role in Reimbursement

    SAP Concur published an article explaining what an itemized receipt is—a receipt detailing each line item of goods or services from a transaction—and comparing it with regular receipts in terms of itemization, expense tracking, reporting, and auditing. The article lists common itemized expense types such as meals, hotel stays, car rentals, air travel, and office supplies, and explains when itemized receipts are required, including employee reimbursements, tax deductions, government contracting, and external audits. It also discusses the role of itemized receipts in reducing expense fraud.

Feb 22Thu
  1. SAP Concur Blog

    SAP Concur Launches Global Tax Management Solutions Amid E-Invoicing Mandates

    SAP Concur has launched global tax management solutions to help companies keep up with rapidly evolving tax regulations. The solutions support various phases of the tax management process, from expense report creation to approval, payment, and reconciliation, and leverage AI and machine learning to maximize tax recovery. Digitized receipts and e-invoice mandates are already in place in countries such as China, Japan, and Mexico. SAP Concur's solutions currently support France, Spain, Japan, China, Mexico, Australia, and New Zealand, with support for Portugal, Belgium, and Switzerland coming soon.

Feb 1Thu
  1. SAP Concur Blog

    SAP Concur Discusses the Impact of Corporate Travel Managers on Business

    SAP Concur published an article discussing the key role of corporate travel managers. It notes that travel and expense (T&E) can account for 8% to 12% of an organization's spending, nearly two-thirds of companies face increasing pressure to manage costs, and three-quarters say travel is important or very important to managing customer relationships and obtaining new business. Corporate travel managers impact business by building strategic policies, optimizing travel arrangements, making data-driven decisions, aligning with sustainability initiatives, integrating technology, and enhancing employee productivity.

Jan 31Wed
  1. SAP Concur Blog

    SAP Concur Releases Future-Ready Guide for Finance Leaders

    SAP Concur published a resource compilation for finance leaders covering career growth, team empowerment, and AI and finance technology adoption. It cites an SAP Concur CFO Insights report finding that 90% of senior finance leaders agree their key task is to prepare their business for the unexpected. Resources include an eBook on top CFO priorities for 2024, the fast track to CFO, the modern finance leader role, and AI and finance technology white papers.

Jan 29Mon
  1. SAP Concur Blog

    SAP Concur Survey: 90% of Finance Leaders See Unexpected-Prep as Critical

    An SAP Concur study of global senior finance leaders found that 90% agree preparing their business for the unexpected is a critical task today, while only 2% disagreed. The article proposes four resolutions for finance leaders: innovate to control costs, compliance, and cash flow through a unified platform and AI; strengthen visibility, analysis, and planning; adapt processes, policies, and priorities; and boost morale, productivity, and retention. It also covers automated indirect tax recovery such as VAT, integrating travel and expense data, and mobile expense reporting.

Jan 8Mon
  1. SAP Concur Blog

    SAP Concur Releases Finance Automation Checklist for Growing Businesses

    SAP Concur released a new checklist, "5 Ways Finance Automation Can Help Your Growing Business," examining improvements growing businesses can achieve by automating travel, expense, and invoice management. It cites Analysys Mason 2022 research: 32% less time to approve expenses, 26% less budget overspending, 24% reduction in late invoice payments, and 29% less time spent by AP and finance teams to capture invoices. The checklist recommends automated solutions that track expenses automatically with near real-time updates, provide better data and visibility, guide expense policies, manage invoices, and scale with the business.

  2. SAP Concur Blog

    SAP Concur eBook Shares Six Strategies to Boost Business Productivity

    SAP Concur released an eBook, "The Very Best Productivity Workarounds for Small Business," featuring six productivity strategies from Steve Strauss, author of "The Small Business Bible" and a longtime USA Today columnist: set SMART goals, apply the 80-20 rule, adopt the Eisenhower Box, use time blocking, leverage technology, and outsource and delegate. It says small businesses using Concur Expense save 13 hours per finance or accounting employee weekly.