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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…

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…