Jesse Cox, AP and T&E Manager at Solis Mammography, shares five tips for optimizing Concur Invoice: auditing workflows, using vendor setup to reduce manual work, treating compliance configuration as a living document, using reporting to spot AP patterns, and keeping invoice policies aligned with business. Continuous refinement leads to efficiency gains and compliance.
Tara Reid, AP Specialist at Barron Lighting Group, shares how fully utilizing SAP Concur Invoice transformed their processes. By integrating with ERP and automating invoice processing, they reduced time on invoicing and expense reports by 50%, maintained a 2:1 AP headcount as volume grew, and achieved zero duplicate ERP entries.
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.
SAP Concur argues accounts payable (AP) is one of finance's most time- and labor-intensive functions. Organizations implementing automated AP solutions report an average 20% decrease in invoice processing costs, process 64% more vendor invoices per month than those without automation, and engage 2.5 times more vendors. 43% of organizations not currently using automated AP solutions will likely switch within the next two years. The article also notes 71% of businesses report some financial loss due to fraud in the past three years.
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%.
SAP Concur and Flexso discuss key aspects of implementing travel, expense, and invoice automation, emphasizing change management and systems integration. Flexso, as an implementation partner, helps customers integrate SAP systems to improve efficiency.
A SAP Concur blog post notes that invoices from outside the procurement system and supplier network, such as catering and marketing printing, are hard to capture and bring into compliance. It recommends technology that includes pre-spend authorizations, automatically captures invoices, matches purchase orders, receipts, and invoices, and flows data into accounting systems. The post also states that organizations running SAP Concur Invoice earn a 505% ROI over five years.
At SAP Concur Fusion in Orlando, SAP Concur recognized six 2022 Innovation Award winners: Infineon, IDP Education, NTT DATA Philippines, Ocean Network Express, Dover Corporation and The Walt Disney Company. Their projects span travel-compliance risk engines, invoice capture, faster expense reimbursement, global policy consolidation and single-instance deployment.
SAP Concur gives three reasons to automate invoice processing: saving time and money, improving vendor relationships, and gaining better financial visibility. AIIM found companies using invoice automation see a 29.2% reduction in processing costs. Ardent Partners research shows 40% of finance executives prioritize improving payables reporting and analytics.
SAP Concur outlines eight reasons to connect expense, travel, and invoice spend, including better visibility and control, improved decisions, efficiency, fewer late payments, stronger compliance, employee retention, more strategy time, and duty of care. Connecting data in one cloud-based location lets companies track employee spend in near real time.
A SAP Concur blog post cites International Data Corporation (IDC) research analyzing the costs and benefits of switching to a cloud-based accounts payable solution. It lists five reasons: cloud AP solutions redefine how businesses engage with stakeholders, with average time to pay vendors accelerating by 51% and late payments cut by 67%; manual AP processes are slow, inefficient, fragmented, and prone to error, with one business reducing its error rate by 90% after automation; invoice management software provides a more accurate picture of finances; automation improves user productivity, with line-of-business employee productivity up to 11% and IT staff productivity gains equivalent to $23,…
SAP Concur blog notes many schools have invoice processing errors, leaving spend opaque. It recommends automating AP systems to reduce costs, improve efficiency, increase compliance, and mitigate risk. SAP Concur processed 12 million invoices for customers last year and prevented over $1.4 million in duplicate payments.
A SAP Concur blog post argues manual and spreadsheet-driven processes are costly and inefficient at any scale, with an even bigger impact on resource-constrained SMBs. It cites data: 26% use spreadsheets to manage expenses, 49% of small businesses still use handwritten records to track spend, accounting and finance staff spend 14% of their time each week processing invoices, 50% of SMBs say manual processes hinder cash flow visibility, 42% report invoice reconciliation errors, and 75% of finance leaders say their business often exceeds expense, travel, and invoice budgets. It groups reasons SMBs haven't automated into four categories and cites AMI-Partners data showing automation yields ave…
A SAP Concur blog post targets aerospace, defense, and government contracting organizations, promoting Concur Invoice's accounts payable automation. It says automating AP can reduce manual work, stabilize operations, and provide spend visibility during uncertainty; the solution uses SAP Leonardo machine learning, less human validation, and a secure cloud. Teams can capture vendor invoices remotely, managers can approve invoices via the Concur Mobile app, AP teams get near real-time visibility, and users can edit audit thresholds and choose payment vendor options with one click.
An SAP Concur blog post explains how invoice automation digitizes the vendor invoicing process to create faster, leaner, more cost-effective AP workflows. Data cited includes: 62% of organizations report financial losses from fraud in the last three years; invoice processing time decreased by 82% to 3.1 days per invoice; cost to process each invoice decreased by 80% to $2.78; invoice exceptions decreased by 59% to 9%. Only 51% of organizations say they can immediately recognize AP fraud, and 36% still report using no technologies to detect or prevent finance fraud. The article also lists capabilities to consider when evaluating automated AP solutions, including OCR capture, AI planning, das…
SAP Concur and American Express have introduced two new integrations designed to automate invoice and expense processes, providing small businesses with a more efficient end-to-end spend management experience. The first integration combines Amex's B2B payment capabilities with Concur Invoice to automate supplier payments; the second connects Amex business cards with Concur Expense to automatically import transactions into expense reports.
A SAP Concur blog post discusses the benefits of automating government invoice payments. It cites AIIM data: the cost to process one invoice is on average between $13 and $25, and processing a single paper check adds another $7.15. SAP Concur partnered with StateScoop to quantify the costs of manual AP systems. The article lists five benefits of automating invoice payments: increase productivity and employee satisfaction, get more visibility into spending, manage invoice payments from anywhere, be more efficient and generate revenue, and reduce audit and compliance costs. The report concluded that automating invoice payments can pay for itself in less than one year.
The article says disconnected systems cause fragmented data, weak spend visibility and workflow inefficiencies, and SAP Concur integration can connect travel, expense and invoice processes with the existing tech stack. Concur offers four approaches: on-demand integration, SFTP integration, pre-built connectors and managed integration services, with over 330 prebuilt connectors and a network of more than 1,200 solution and service partners.
A SAP Concur blog post states that cloud technologies are bringing world-class software solutions to small and midsize companies, and automating invoice processing can significantly improve efficiency, visibility, and scalability. According to AMI Partners, 82% of firms that have automated invoice processing are already using cloud solutions. A typical small to midsize business processes 450 invoices a month with a duplication rate of 1.29%, and labor costs typically make up 62% of total accounts payable costs. Automation can largely eliminate these labor costs, enabling intelligent matching of invoice line items with purchase orders, built-in approval policies, reduced duplicate invoices,…
A SAP Concur blog post makes a data-driven case for invoice automation. It says the average AP organization spends $9.40 and takes 9.2 days to process a single invoice, and that AP departments with no automation and inconsistent processes cost four times as much per invoice as those with end-to-end automation. 62% of organizations report financial losses from fraud in the last three years; 78% of AP departments increased ePayments last year; 19% experience fraud frequently and 33% occasionally; only 51% can immediately recognize AP fraud; and 36% use no technologies to detect or prevent finance fraud. 33% already use advanced analytics and 22% leverage AI to detect and prevent fraud.
The article says small and midsize companies are hit harder in uncertain times because they hold less cash, and controlling discretionary spending is a key driver of cash flow. An AMI-Partners survey found 66% of businesses want to better track and analyze expense trends to cut costs, 63% want integrated spend management for better cash flow visibility, and 72% want improved operational efficiency and productivity. Concur Invoice users report saving an average of US$42,000 annually and 148 hours per accounting team per week.
The article notes that manual invoice processing often involves paper handling, convoluted workflows and unreliable storage, creating an 'invoice black hole.' Invoice automation captures invoice data, routes it to approvers via custom rules and workflows, and schedules payments, reducing manual touches, avoiding late fees, and flagging discrepancies before payment through two- and three-way matching. Cloud-based solutions require no expensive software installation and can scale with the company.
The article notes that many SMBs rely on a single employee for AP, and manual processes are time-consuming and expensive. An IDC study found that after moving from manual to Concur Invoice automation, total processing time per invoice dropped 53%, staff time decreased 64%, savings equaled $7,537 per 1,000 invoices, vendors received payments 51% faster, delayed payments fell 67%, IT staff time fell 29%, and overall annual benefits reached $14,953 per 1,000 invoices.