SAP Concur's blog explains why organizations choose its travel and expense management platform over competitors like Navan, Ramp, and Coupa. It highlights proven ROI, unified T&E, strong ERP integration, and scalability. Citing IDC research, it reports annual staff-time savings of $77,600 and travel-related savings of $1.18 million, along with efficiency and compliance gains.
SAP Concur offers arguments for adopting spend automation. Organizations using SAP Concur solutions achieved an average 406% return on investment over three years, with a payback period of just 5.1 months. After adoption, they reported a 72% reduction in lost receipts, a 53% decrease in expense reporting errors, and a 55% reduction in auditing efforts. The article recommends tailoring the business case to stakeholders including CFOs, AP, IT, and HR, and emphasizes automation supports AI, tax compliance, and spend management under remote work.
The article encourages travel managers to proactively reshape their travel programs amid outdated policies, evolving expectations, and budget cuts. It proposes four key pillars: flexibility, sustainability, safety, and ROI.
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.
SAP Concur blog summarizes an Aberdeen webinar where analyst Bryan Ball said mobile is back and return to travel will be robust. The article notes mobile expense management improves spend visibility, reporting speed, and accuracy. Among best-in-class companies (top 20%), 53% photograph and digitally attach receipts, 52% enter expenses on mobile, 44% submit reports on mobile, 39% use mobile categorization, and 27% approve on mobile. The article also lists KPIs for best-in-class companies.
SAP Concur published a summary of an Aberdeen webinar on how companies manage travel and expense (T&E) programs during uncertain times. Research shows best-in-class companies (top 20%) focus not only on cost reduction (31%) but also on spend control (27%), visibility improvement (28%), and eliminating manual processes (31%). 71% of organizations use pre-travel authorization, and 56% have an aggregated view of travel and expense. Companies experience a 48% ROI after implementing a new T&E solution.
SAP Concur blog cites IDC research showing that cloud-based accounts payable and invoice management solutions can significantly improve efficiency, compliance, and visibility. IDC study found organizations using Concur Invoice achieved average benefits of $2.75 million over five years, with a 505% ROI.
A SAP Concur blog post cites an IDC study finding that companies automating accounts payable with a cloud-based solution gain greater visibility into accruals and spending, reduce invoice processing time and pay vendors faster. It also mentions a 505% first-year ROI for Concur Invoice customers.
SAP Concur published an article citing an IDC study of several businesses, finding that companies deploying Concur Invoice saw multiple benefits: greater visibility into business performance driving smarter decisions; 505% return on investment over five years; a five-month payback period; 99% of employees using a cloud-based system complied with company procurement policy; and productivity increased an average of 11% due to mobile enablement. IDC said automating the invoice process not only improved efficiency and productivity but also provided big-picture data visibility and increased employee satisfaction.
SAP Concur VP of Product Management A.G. Lambert discusses in an AccountingWeb article how automated T&E management can help companies save costs and improve compliance. He suggests further maximizing ROI by empowering employees with mobile, connecting business systems, and making data work harder.
SAP Concur published an article introducing its Expense Management Solution ROI Calculator. Citing a 2022 Analysys Mason study, it states that small to mid-size businesses (1-999 employees) saved an average estimated $49K annually by implementing an automated travel and expense solution and saw positive ROI within eight months. Customer examples include Avocados From Mexico reducing expense input time by 50% and Bishop-Wisecarver cutting month-end close from 15 days to 3 days.
A SAP Concur blog post discusses accounts payable challenges facing higher education institutions during the pandemic: declining enrollments, student refunds, campus closures, and paper invoice backlogs from remote work. It cites an IDC white paper reporting that organizations using Concur Invoice saw average annual benefits of $662,700 ($3,258 per 1,000 invoices) and a three-year ROI of 634%.
SAP Concur shares three pillars for a successful spend management solution rollout: strategy and planning, training, and communication and measuring success. Planning involves defining success, creating pilot groups, respecting the company calendar, and involving the implementation team early. Training should be tailored, with tipsheets, FAQs, user champions, and education on T&E policy. Continuous communication and feedback help improve user adoption and ROI.
An IDC study commissioned by SAP Concur interviewed seven organizations using SAP Concur solutions, with an average employee size of 1,906. IDC calculates an average benefit of $1.96 million per customer per year ($97,447 per 100 users) and a 650% ROI over three years. Benefits come from less time planning travel and completing reports, lower support staffing, better compliance and audit efficiency, and analytics-driven savings. The article also lists a five-stage TEM maturity model.
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.