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Dec 9Mon
  1. SAP Concur Blog

    SAP Concur Outlines AI Applications in Spend Management

    SAP Concur published a blog on generative AI applications in travel and expense management. It cites survey data: 51% of CFOs are investing in AI technology, up from 15% in August 2023; 58% of CFOs have very little knowledge about AI and only 4% are confident they have a strong grasp of it. The post says 34% of travel managers feel constrained by expectations to implement AI tools without adequate training, and only 7% of AP teams currently use AI. SAP Concur says it has integrated AI and machine learning into its solutions for over a decade and lists four application areas: automation, compliance, fraud detection and spend analytics.

Jul 17Wed
  1. SAP Concur Blog

    SAP Concur: How IT Can Drive Spend Management Success

    A SAP Concur blog post for CTOs/CIOs offers six recommendations for evaluating spend management solutions: get senior leadership buy-in early, understand needs at all levels, start with must-have features and look long-term, champion great user experiences, look for a long-term technology partner, and test the software yourself. The post mentions SAP Concur has more than 85 million users and has used AI and machine learning in its spend management solutions for nearly a decade.

  2. SAP Concur Blog

    SAP Concur: How CFOs Can Use Collaboration to Buy Better Tech

    A SAP Concur blog post advises CFOs to collaborate with IT, HR, and business transformation leaders when purchasing spend management solutions. It notes IT leaders focus on ERP, CRM, and HR integration and data security; HR leaders understand employee pain points, with 54% agreeing too many manual processes make work-from-anywhere difficult; and business leaders can help clarify requirements. The post mentions SAP Concur has more than 51,000 customers.

  3. SAP Concur Blog

    Five must-have spend management features for business transformation

    A SAP Concur blog post outlines five features that business transformation leaders consider must-haves for a future-forward spend management solution: a mobile app for employees on the go, a smart dashboard for real-time spend visibility, versatile data integration and compatibility, scalable architecture, and customer support with a knowledge base. It says best-in-class mobile apps use AI and machine learning to extract receipt details from photos, import and categorize corporate card transactions, and flag non-compliant expenses, and stresses seamless integration with CRM, ERP, and accounting systems.

Jul 11Thu
  1. SAP Concur Blog

    GROW with SAP premium subscription to include SAP Sales Cloud and Concur Expense

    SAP announced that as of July 15 its GROW with SAP premium subscription will include access to SAP Sales Cloud and Concur Expense. Concur Expense offers automated expense management from receipt capture to report approval, supports compliance needs, and includes a mobile app; SAP Sales Cloud provides AI-powered sales automation. SAP says the combination delivers a complete lead-to-cash process on cloud-native, user-centric UX.

Jul 10Wed
  1. SAP Concur Blog

    A beginner's guide to business compliance: tax digitization, ESG, AI, and data security

    A SAP Concur blog post, produced with Accenture, examines internal and external compliance areas for businesses, including tax digitization, ESG, AI, cybersecurity, and internal spending. It cites data that 77% of business leaders say detecting and managing risk is harder than ever and 72% say their risk management capabilities haven't kept up. It suggests spending and tax management solutions can streamline global processes and identify taxable spend and reclaimable VAT.

Jul 2Tue
  1. SAP Concur Blog

    Best practices for easing tax compliance and expense reporting for SMBs

    A SAP Concur blog post offers best practices for SMB tax compliance, including unifying expense and invoice systems, adopting digital tools and automation, recognizing the tax implications of remote work, building a culture of compliance, and teaming up with a trusted partner. It says SMBs face inefficient expense tracking, time-consuming tax document management, missed filing deadlines, and cash-flow difficulties, which can lead to fines and fraud risks.

Jun 25Tue
  1. SAP Concur Blog

    2024 accounts payable automation trends report: key takeaways

    An accounts payable automation trends study sponsored by SAP Concur and conducted by IFOL found 52% of AP professionals now spend fewer than ten hours per week processing invoices, down from 62% a year earlier; manual invoice entry into ERP or accounting systems fell to 60% from 85% in 2023. 64% of respondents cited stress from outdated processes as their biggest hurdle, and 40% pointed to strained vendor relationships. Only 7% currently use AI for spend management, but 40% are considering adoption within the next year.

Jun 24Mon
  1. SAP Concur Blog

    SAP Concur: Pairing ERP with Spend Management Can Fast-Track ROI

    A SAP Concur blog post argues that because ERP implementations require significant time, effort and money without immediate ROI, companies should implement a spend management solution alongside a new ERP. It says spend management can integrate spend data with systems such as HR, eliminate manual expense steps, enhance compliance and cap overspending. SAP Concur recommends integrating ERP with its travel and expense (T&E) solutions for a holistic view of spend and automating manual expense processes.

  2. SAP Concur Blog

    SAP Concur: Automated T&E Can Balance People, Business and Sustainability

    A SAP Concur blog post says business travel must balance employee, business and environmental needs, and that an automated spend management system can clamp down on out-of-policy spend while giving employees more autonomy. It cites data: 90% of senior finance leaders agree their key task is to prepare for the unexpected; 67% of business travelers say travel is critical for career advancement; 88% were forced to take unanticipated steps in the past 12 months due to delays, cancellations or re-routing; and 92% would decline a trip for safety, social or environmental concerns or work-life balance impact. It also presents Campari Group, KUKA and Standard Chartered Bank cases using SAP Concur to…

  3. SAP Concur Blog

    SAP Concur: AI, Automation and Virtual Payments Are Reshaping Spend Management

    A SAP Concur blog post says AI, automation and virtual payments are transforming spend management, making expense processes more integrated, automated and secure. It describes Concur Expense using ExpenseIt for photo-based automatic entry, itemization and categorization, and a Mastercard integration that auto-populates corporate card purchases. It also mentions an Extend virtual card integration embedded in Concur Invoice for invoice payments. Vantage Market Research expects the global virtual card market to triple by 2030.

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

    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 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 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…

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.

Feb 1Thu
  1. SAP Concur Blog

    SAP Concur Explains Purchase Requisition Process to Streamline Financial Workflow

    SAP Concur published an article explaining the definition, process, and benefits of purchase requisitions. A purchase requisition is a formal internal request created before a company buys goods or services, helping increase visibility into spend before it happens. The article outlines seven fundamental steps, from creating the requisition and obtaining approvals to inventory verification, purchase order generation, and invoice payment. It notes that automating purchase requisitions can improve efficiency, save costs, reduce fraud, increase transparency, enhance accountability, and reduce duplicate orders.

Jan 8Mon
  1. SAP Concur Blog

    SAP Concur eBook Explains Six Ways Automation Fuels Business Growth

    SAP Concur released an eBook, "6 Ways to Grow Your Business with Spend Management Automation," explaining how intelligent travel, expense, and invoice solutions address current challenges and prepare for growth. The six ways include maximizing automation and closing visibility gaps; tracking and responding to spending to stay ahead of cash flow; empowering flexible and on-the-go work; encouraging compliance and managing risk; making sustainability part of the process; and growing the business with spend data. It says end-to-end automation limits spending falling through process and system gaps, and AI flags problems and cuts off tax issues.

Jul 26Wed
  1. SAP Concur Blog

    Breaking Barriers: How Digital Transformation is Reshaping Spend Management with Dermalogica

    SAP Concur podcast features Jenny Chen, Senior Accountant at Dermalogica, sharing the company's digital transformation and change management experience. Dermalogica grew from a 5-person company to over 150 employees and implemented SAP Concur's travel, expense, and purchase request and invoice platforms to streamline processes and improve efficiency. Chen emphasized understanding employee pain points, gradually introducing changes, continuous training, and a long-term perspective.

  2. SAP Concur Blog

    The Digital Transformation of Spend Management: Journeying Towards Streamlined Processes

    SAP Concur podcast summarizes Dermalogica's digital transformation case. Dermalogica grew from a 5-person company to over 150 employees and implemented SAP Concur's travel, expense, and purchase request and invoice platforms, reducing invoice processing time from 30-35 hours per week to one hour, achieving faster payment turnarounds and real-time spend visibility. The company also won the 2022 SMB Digital Innovation award.

Apr 17Mon
  1. SAP Concur Blog

    Meeting the Business Travel & Spend Management Challenges of 2023

    An SAP Concur blog post says travel and spending are rebounding toward pre-pandemic levels. In 2022 SAP Concur processed 192 million expense reports, up 42% over 2021, and nearly 43 million travel transactions, up 110% year over year. But the spending mix has shifted: public transportation as an expense category fell from as much as 30% pre-pandemic to 10%, with more travelers opting for rental cars and spending on mileage, parking and tolls; the 'other' category rose from 4% in 2019 to as high as 25% in 2021 and remains a top-three category. Health and safety considerations and remote and hybrid work have added complexity, requiring new policies, processes and oversight.

Jan 10Tue
  1. SAP Concur Blog

    Are Your Spending Processes, Metrics Up to the Times?

    A SAP Concur blog post discusses how spending patterns have changed, requiring businesses to adjust processes and KPIs. It recommends using corporate cards over cash, automating receipt management, GPS mileage tracking, and AI auditing. It cites data: SAP Concur solutions average 36% time savings in expense report handling, and manual mileage tracking can overstate miles by 15%.

Sep 28Wed
  1. SAP Concur Blog

    The Busy Person's Guide to Spend Management Automation

    This article rounds up five spend management automation resources: a 3.5-minute video on building a business case for expense management automation; an updated expense policy guide and template; a KPI scorecard to measure spending program success; an expense automation solutions buyer's guide; and an accounts payable automation buyer's guide. These resources aim to help busy finance professionals quickly learn about automation and improve efficiency.

Aug 10Wed
  1. SAP Concur Blog

    SAP Concur: Automated Spend Management and DCAA Compliance for Aerospace and Government Contractors

    SAP Concur published spend management guidance for aerospace, defense, and government contractors, noting they must achieve and maintain DCAA compliance but outdated legacy financial systems make spend visibility, pre-spend control, and compliance enforcement difficult. It recommends modernizing and automating systems, inserting controls at the point of purchase, using AI and machine learning to review expense data, and adopting best practices such as clear T&E policies, ongoing training, pre-spend authorization, policy-built-in online booking tools, and mobile receipt capture.

  2. SAP Concur Blog

    SAP Concur: Transparency and Accountability in Energy and Utilities Spend Management

    SAP Concur published spend management guidance for the energy and utilities sector, noting the pandemic forced rapid digitization and organizations should now assess those rushed fixes. The T&E spend violation rate skyrocketed 292% from 2019 to 2020. Fraud remains a serious problem, with utilities seeing a median fraud loss of $200K. It recommends finance and IT collaboration and digital spend management tools for near real-time spend and cash flow visibility. An IDC report found 90% of decision-makers see room to improve spend control.

  3. SAP Concur Blog

    SAP Concur: Compliance and Accountability in State and Local Government Spend Management

    SAP Concur published spend management guidance for state and local government organizations, noting the pandemic forced rapid digitization and organizations should now assess those rushed fixes. The T&E spend violation rate skyrocketed 292% from 2019 to 2020. Government fraud varies by level: national government 46% affected ($200,000 median loss), state government 27% ($56,000), local government 25% ($125,000). It recommends finance and IT collaboration and digital spend management tools. An IDC report found 90% of decision-makers see room to improve spend control.

Aug 9Tue
  1. SAP Concur Blog

    Level Up Spend Management for Transparency and Accountability in Aerospace, Defense, and Government…

    SAP Concur article discusses how aerospace, defense, and government contracting organizations can improve transparency and accountability through digital spend management. Post-pandemic, organizations should evaluate temporary fixes. Spend management platforms provide real-time visibility, budget control, and reduce fraud risk. Data shows T&E violation rates rose 292%. Integrated platforms save costs and improve efficiency.

  2. SAP Concur Blog

    Employee Benefits are Expanding: What Businesses Need to Know for Tax Compliance

    SAP Concur article discusses how remote and hybrid work have expanded employee benefits, requiring businesses to manage tax compliance for taxable benefits. Travel spending dropped from 65% in 2019 to 33%, while miscellaneous spending rose. Blue dot analysis found 10-20% of transactions may include taxable benefits. Businesses need automated systems to accurately report taxable benefits and avoid audits and penalties. SAP Concur partners with Blue dot for Concur Benefits Assurance.

Aug 8Mon
  1. SAP Concur Blog

    Track and Zap Shadow IT: An SAP Concur Podcast on SaaS Management

    SAP Concur podcast discusses SaaS management with Zylo co-founder. Average mid-size organizations use over 300 SaaS apps, large enterprises thousands. 37% of SaaS apps are purchased by employees online, leading to over $65 million in stealth spending annually, 40% wasted. Zylo helps organizations discover and manage SaaS apps, reducing security and compliance risks.

Aug 2Tue
Jul 18Mon
  1. SAP Concur Blog

    What to Do With Invoices That Fall Outside Your Procurement System

    A SAP Concur blog post examines how companies handle invoices that fall outside their procurement system, such as those from utility providers, marketing, catering, and events. It recommends capabilities including pre-spend authorization, automated invoice scanning, automated early payment to capture supplier discounts, and mobile approval to control costs, ensure compliance, and improve cash flow.

  2. SAP Concur Blog

    Gaining Accuracy and Confidence in Every Spending Decision

    A SAP Concur blog post notes that remote work and the return to travel shifted spending patterns and made policy compliance more difficult. SAP Concur's Spend Insights Report found excessive personal expenses jumped 21.8% in 2021, and its Pulse Survey revealed the average questionable travel expense ran $3,397. The post offers five tips, including bringing travel, expense, and invoice data together and using real-time information to improve spend visibility.

  3. SAP Concur Blog

    Four Moments that Will Change How You Manage Employee Spend

    A SAP Concur blog post argues that employee spending decisions are both moments of risk and moments of opportunity. It identifies four key moments: turning confusing processes into moments of clarity with intelligent tech, turning regulatory shifts into moments of certainty with spend management solutions, turning spending decisions into moments of accuracy with precise data, and turning frustrating invoices into moments of confidence by simplifying invoice management.

  4. SAP Concur Blog

    Using Automation to End Invoice and Spending Frustration

    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.

Jul 9Sat
  1. SAP Concur Blog

    Level Up Spend Management in Aerospace, Defense, and Government Contracting

    A SAP Concur blog post argues that aerospace, defense, and government contracting organizations should assess the rushed digital fixes implemented during the pandemic. It cites data showing the T&E spend violation rate skyrocketed 292% from 2019 to 2020, and 90% of decision-makers say there is room to improve how they control spend. Organizations deploying an integrated spend management platform reported $777,000 in annual savings on business travel and expense reporting costs.

  2. SAP Concur Blog

    Level Up Spend Management to Exercise Fiscal Responsibility and Minimize Waste for Education

    SAP Concur article targets higher education and K-12 school districts, emphasizing assessment of pandemic-era digital fixes. Spend management platforms provide real-time visibility, budget control, and improved employee experience. Data shows T&E spend violation rate skyrocketed 292% from 2019 to 2020. Median loss of occupational fraud in education is $56,000. Adopting integrated platforms can save $777,000 annually on travel and expense reporting, increase compliant reports by 65%, and reduce errors by 52%.

  3. SAP Concur Blog

    Level Up Spend Management to Provide Transparency and Accountability

    SAP Concur article targets aerospace, defense, government contracting, and utilities organizations, emphasizing assessment of pandemic-era digital fixes. Spend management platforms provide real-time visibility, budget control, and improved employee experience. Data shows T&E spend violation rate skyrocketed 292% from 2019 to 2020. 90% of decision-makers say there's room to improve spend control. Adopting integrated platforms can save $777,000 annually on travel and expense reporting, increase compliant reports by 65%, and reduce errors by 52%.

Jul 8Fri
  1. SAP Concur Blog

    Transform your Financial Data into Actionable Insights

    This SAP Concur blog post emphasizes the importance of integrating ERP with travel, expense, and accounts payable data to gain full spend visibility and transform data into actionable insights. It highlights two benefits: greater visibility and increased efficiency, and presents SAP Concur's integration options including pre-built integrations, hosted custom solutions, and client web services.

Jun 29Wed
  1. SAP Concur Blog

    Innovating Through Data: Predict the Future

    SAP Concur explores how to leverage financial data to drive innovation. The article emphasizes the need to consolidate disparate spending data, centralize it through automated spend management systems, and use AI to analyze trends and improve efficiency. Industry benchmarks, leading indicators, and lagging indicators help businesses measure performance and identify innovation opportunities.