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Jul 2Wed
  1. SAP Concur Blog

    Business Growth Strategies and Expense Management Automation

    SAP Concur's blog discusses business growth strategies including market penetration, product development, market expansion, diversification, M&A, strategic partnerships, and vertical integration. It emphasizes that growth increases complexity and automation is key to overcoming growth pitfalls. Effective expense management is crucial for business development, as cash flow issues are the number one reason businesses fail. Automation boosts efficiency, accuracy, scalability, and enables data-driven decisions. The article recommends streamlining travel, expense, and invoice management through integration and automation to support growth.

  2. SAP Concur Blog

    Future-Proofing Your Business: Strategies for Long-Term Growth

    SAP Concur's blog discusses future-proofing strategies, emphasizing agility, data, automation, and technology. It notes AI spending is expected to reach $243 billion in 2025 and $826 billion by 2030. Companies should focus on outcomes, embrace automation, upskill employees, and prioritize data literacy. Automated accounts payable solutions can process 64% more invoices monthly and achieve 20% average cost savings. 59% of finance leaders are frustrated by lack of data visibility in cost control software.

  3. SAP Concur Blog

    Weatherford's Global Travel and Expense Management Transformation

    SAP Concur's blog shares the case study of Weatherford's global travel and expense management transformation. Weatherford, an oil and gas technology supplier with operations in 75 countries and 18,000 employees, adopted SAP Concur solutions to consolidate tools, update processes, and automate expense management, achieving significant results: 47% increase in workforce efficiency, 90% fewer expense report rejections, 26% reduction in T&E operations costs with over $5 million in savings, 770% leap in corporate card rebates, and 100% T&E card adoption.

May 5Mon
  1. SAP Concur Blog

    SAP Concur Case Study: A CFO Leads with AI-Driven Spend Management

    SAP Concur published a case-study article describing how Stephen, CFO of a mid-sized U.S. company, uses SAP Concur solutions for AI-driven spend management. It says he gains real-time visibility into spending across departments, regions and categories via the dashboard, uses Intelligence for real-time analytics, and relies on Concur Detect by Oversight and Concur Tax Assurance by Blue dot to improve compliance. The article cites figures: AI technology captured 10x the number of errors and fraud, automated audits reduced the cost of mistakes in expense reports by 60%, and using AI for initial investigation of expense reports reduced audit time by as much as 90%.

Apr 15Tue
  1. SAP Concur Blog

    SAP Concur: How to Balance Accuracy and Efficiency in Accounts Payable

    SAP Concur published an article discussing balancing accuracy and efficiency in accounts payable. Citing the 2024 SAP Concur CFO Insights Report, 63% of finance leaders plan to invest in automation and cutting-edge tech within the year to overcome AP challenges. The article notes fragmented systems and manual processes are major obstacles, and automation can reduce errors, accelerate approvals, and lower fraud risk. It also states companies using an integrated travel and expense platform see policy compliance increase by 26%, processing efficiency double, and annual cost savings of 21%.

Apr 7Mon
  1. SAP Concur Blog

    2025 Accounts Payable Automation Trends Report: Key Takeaways

    A SAP Concur blog post summarizes the Accounts Payable Automation Trends research study it sponsored, conducted by The Institute of Financial Operations and Leadership (IFOL). The report shows 52% of AP professionals now spend fewer than ten hours per week processing invoices, down from 62% a year earlier; manual entry of invoices into ERP or accounting systems dropped to 60%, from 85% in 2023. However, 64% of respondents still cite stress from outdated processes as their biggest hurdle, and 40% point to strained vendor relationships. AI adoption remains limited, with only 7% of respondents using AI for spend management, though 40% are considering adoption within the next year.

Apr 1Tue
  1. SAP Concur Blog

    SAP Concur vs Zoho: 5 Considerations for Choosing a Spend Management Solution

    This SAP Concur article compares its solutions with Zoho Expense, highlighting five considerations: AI-powered automation, advanced integrations, seamless user experience, industry reviews, and innovation. SAP Concur beats Zoho Expense across all G2 user satisfaction categories and ranks #1 in market share. The article also mentions that integrated platforms can increase policy compliance by 26% and double processing efficiency.

Mar 13Thu
  1. SAP Concur Blog

    2025 SAP Concur Innovation Award Winners Announced: L'Oréal, Weatherford Among Honorees

    SAP Concur announced the 2025 Innovation Award winners at Fusion 2025, including L'Oréal Groupe, Weatherford, UST, Coca-Cola, E.ON, and Mayekawa. L'Oréal Groupe automated user provisioning between HR and expense systems using SAP BTP, reducing data integration time from 48 hours to 4 hours. Weatherford increased monthly expense reports from 1,300 to over 4,500, saving more than $17 per report and reducing T&E operation costs by 26%. Mayekawa reduced its finance team's annual workload by over 12,000 hours. Amex GBT became the first TMC to offer content through the Hotel Connector on the new Concur Travel platform.

Mar 4Tue
  1. SAP Concur Blog

    Business Expenses: How to Manage Them Efficiently

    The article covers types of business expenses and management practices. Expenses fall into fixed, variable, and periodic categories, with a distinction between operating expenses (OpEx) and capital expenditures (CapEx): OpEx is accounted for in the year it occurs and deducted from gross profit, while CapEx is depreciated over years as a long-term asset. Effective expense management supports cash flow management, profitability, tax compliance, and decision-making. The article offers six best practices: implement an expense tracking system, categorize and prioritize expenses, conduct regular expense audits, set a budget, embrace automation, and encourage employee accountability. It notes that…

  2. SAP Concur Blog

    Paid Receipts: Importance and Best Practices for Efficient Management

    The article covers the definition and management of paid receipts. A paid receipt is the record confirming payment for goods or services, and an itemized receipt typically includes the date and time of purchase, specific items, quantities and amounts, unit price and total costs, taxes paid, total amounts paid, and payment method. Receipts fall into four categories: paper, digital, emailed, and point-of-sale. Paid receipts are critical for tax compliance, budgeting and financial planning, dispute resolution, and business reporting. Manual management faces challenges including high receipt volume, lack of standardization, lost or damaged paper receipts, and time consumption. Best practices in…

Feb 6Thu
  1. SAP Concur Blog

    SAP Concur Podcast: How IT Strategy Supports Corporate Travel and Expense Management

    The SAP Concur Conversations podcast features Joaquín Buscarons, IT enterprise architect at ESTEVE, an international pharmaceutical company based in Spain, speaking with Jeanne Dion, Vice President of the Value Experience team at SAP Concur, about the strategic role of IT. The discussion covers cloud computing, evolving job descriptions, the importance of pilot projects, and how technology supports business objectives. ESTEVE uses one-to-two-month pilot projects to test new technologies and has begun hiring digital experience specialists.

Feb 4Tue
  1. SAP Concur Blog

    How to Manage Unused Flight Tickets in Corporate Travel

    A SAP Concur blog post notes that industry research shows organizations lose as much as 10% of their annual travel budget on unused tickets. The article analyzes two common scenarios—airline cancellations and business changes—and recommends advance notice requirements, regular travel reviews, detailed change logs, and continuous tracking of ticket expiration dates. It also suggests working with a travel management company (TMC) or using a corporate card program to track unused tickets and refund opportunities, and emphasizes that automation technology can help with refund recovery, compliance, and reducing administrative costs.

  2. SAP Concur Blog

    How to Classify Corporate Expenses for Efficient Financial Management

    A SAP Concur blog post explores the importance of corporate expense classification for financial management and tax compliance. It distinguishes capital expenditures from regular business expenses, fixed versus variable expenses, operational versus administrative expenses, and regular versus extraordinary expenses. The article recommends maintaining detailed and accurate records, training employees on receipt retention, separating business and personal spending, and using automated expense management solutions to optimize classification, reduce errors, detect fraud, and monitor policy compliance.

Jan 23Thu
  1. SAP Concur Blog

    Digital Transformation in Public Sector Travel & Expense: A Guide to Change Management

    A SAP Concur blog post explores digital transformation of travel and expense (T&E) management in the public sector. A GovTech study found that approximately 60% of employees identify legacy infrastructure and lack of automation as significant operational barriers. The article notes non-compliant expenses are estimated at roughly 29% of annual T&E spend, and modern T&E solutions can increase policy compliance rates by 32%. It provides a change management framework including impact assessment, strategic foundation, and leadership support, and cites success cases from Booz Allen Hamilton, the University of Alabama, Cardinal Health, and others.

Jan 14Tue
  1. SAP Concur Blog

    What Energy & Utility Companies Are Getting Wrong About T&E Management — And How Digital Transforma…

    A SAP Concur blog post notes that 72% of energy and utility companies still rely on manual processes for travel and expense (T&E) management. Industry research shows 45% of sector leaders are prioritizing advanced T&E solutions to address evolving regulatory requirements, while 41% are focusing on supporting sustainability initiatives. Digital T&E management can achieve a 54% reduction in travel booking time, 43% improvement in expense report processing, and 50% acceleration in reimbursement cycles. The article also discusses FERC compliance requirements and change management strategies.

Dec 16Mon
  1. SAP Concur Blog

    What Is the Role of Internal Audit in Fraud Risk Management?

    An SAP Concur article explores the role of internal audit in fraud risk management, especially in travel and expense. A survey shows 65% of business travelers admitted to questionable expenses. The article lists common fraud types, such as mischaracterized, falsified, inflated, and multiple claims, and recommends automated solutions, clear policies, and regular audits to prevent fraud.

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
Oct 28Mon
  1. SAP Concur Blog

    SAP Concur Podcast: Transforming Financial Functions and Elevating Professionals with AI

    SAP Concur published an article on how AI is transforming financial functions and elevating professionals, based on a podcast conversation with Nathanael L'Heureux, Chief Client Officer at Oversight. The article notes that the finance industry faces challenges of less talent entering, older generations retiring, and more demands on those who stay, with up to 80% of finance work estimated to be manual. AI can automate this work but requires human guidance. The article suggests using existing tool frameworks to evaluate AI technologies and becoming an AI thought leader.

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.

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.

Aug 5Mon
  1. SAP Concur Blog

    SAP Concur: To Fuel Productivity, Focus on the System, Not the Employee

    A SAP Concur blog post argues that meaningful productivity gains happen at the organizational level through efficient systems and the right tools, not by focusing on individual employees. It cites McKinsey data that more than half of surveyed employees say they are relatively unproductive, potentially costing a company $228 million to $355 million a year. The post outlines how T&E tools boost organizational productivity through digitization (ExpenseIt receipt capture), automation (Concur Request approvals, Verify audits), and integration to eliminate data silos.

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: 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 7Fri
  1. SAP Concur Blog

    SAP Concur: Essential Financial KPIs for Strategic Spend Analysis

    A SAP Concur blog post outlines essential financial KPIs for travel and expense (T&E) spend analysis, including total spend, category spend breakdown, supplier performance, traveler behavior, cost per trip, compliance rate, report cycle time and ROI. It says KPIs can improve spend visibility, cost control, process efficiency and decision-making. It also cites the Analysis Mason 2022 study: solutions like SAP Concur helped organizations achieve a 28% reduction in excess mileage claims, a 26% decrease in budget overspending and a 26% increase in tax reclaim.

  2. SAP Concur Blog

    SAP Concur: The Power of Spend Analysis and How to Implement It

    A SAP Concur blog post says that amid economic uncertainty and inflationary pricing, finance leaders are seeking more efficient spend management strategies. A SAP Concur study shows 90% of global senior finance leaders said there is a critical need to prepare their businesses for the unexpected. The post covers the definition, benefits and implementation steps of spend analysis, including defining objectives, identifying data sources, centralizing data, cleansing and normalizing data, categorizing spending, analyzing and monitoring, and acting on findings. It also recommends taxonomies such as UNSPSC or ECLASS and emphasizes automation and cross-functional collaboration.

  3. SAP Concur Blog

    SAP Concur: The Asynchronous Work Trend and Strategies for Finance Teams

    A SAP Concur blog post discusses asynchronous work, where employees can work without needing to engage in real time. It cites an EY study of more than 16,000 employees: nine out of 10 want flexibility in when and where they work, and more than half would leave their company for a more flexible arrangement. It lists benefits such as improved planning, focus, cross-time-zone workflow, talent pool and job satisfaction, and challenges such as lack of immediate feedback, miscommunication and information overload. It recommends finance teams implement asynchronous work through clear communication, policies and procedures, technology, self-service resources and regular feedback.

Jun 4Tue
  1. SAP Concur Blog

    SAP Concur: Purpose, Benefits and Preparation for External Audits

    A SAP Concur blog post explains external audits—independent assessments of financial statements, records and internal controls by third parties—to validate process accuracy and identify improvement areas. It says external audits can enhance financial transparency, ensure compliance, validate internal controls and support decision-making. It lists audit steps including planning and preparation, data collection and review, evaluation of internal controls, substantive testing, reporting and recommendations, and follow-up and remediation. It notes 94% of executives agree advanced technology can promote audit quality, and automating internal audit processes is 36% more efficient for expense repo…

May 29Wed
  1. SAP Concur Blog

    Accounts Payable and AI: An Ideal Fit for Efficiency and Insight

    This SAP Concur blog post explores the application of artificial intelligence in accounts payable (AP) processes. It notes that AI can automatically capture key invoice details, perform three-way matching, improve compliance and fraud detection, thereby enhancing efficiency and insight. Research shows that 63% of finance leaders plan to invest in cutting-edge technologies this year. AI cannot replace human expertise but can reduce manual work, allowing employees to focus on higher-value tasks.

May 9Thu
Apr 8Mon
  1. SAP Concur Blog

    Efficiently Using Data Analytics in the Auditing Process

    SAP Concur discusses the use and challenges of data analytics in expense audits. The article says expense audits are essential to control spend and ensure financial health, and integrating data analytics is revolutionizing the task; studies indicate data analytics enhances audit quality by providing deeper insights and identifying potential risks more effectively. It also notes challenges: the need for specialized skills, longer hours spent on analysis, disruption to traditional audit processes, and increased employee workload, exacerbating CPA staffing shortages and raising stress among travel managers. SAP Concur research found 47% of global travel managers say their role is more stressfu…

Apr 2Tue
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 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.

  2. SAP Concur Blog

    Ardent Partners: 2024 AP Trends Center on AI and Agility

    The Ardent Partners report 'Accounts Payable 2024: BIG Trends and Predictions,' sponsored by SAP Concur, says AI and automation will deepen their impact on accounts payable, allowing AP teams to focus on strategic decision-making. Report topics include AI and digital transformation, fraud prevention, supply chain shifts, tightening invoicing standards, best-practice sharing, data value and AP career development. The report says AP is becoming a 'hub of intelligence' as well as a 'center of efficiency.'

  3. SAP Concur Blog

    SAP Concur: Finance Leaders Need a Certain Mindset Amid Uncertainty

    SAP Concur published a CFO Insight Series report, 'Lead Through Business Uncertainty with Technology and Strategic Vision,' gathering views from global finance leaders. It advises finance leaders to embrace technology, prioritize foundational principles, and foster personal growth and collaboration. WalkMe CFO Hagit Ynon says the right tools, technology and mindset must be in place now to secure future profitable success. The report notes automation reduces nuts-and-bolts work while empowering finance to better analyze data; managing cash flow, payables, receivables, compliance and fraud prevention remain key duties but should be part of an integrated approach. Finance leaders also need to…

Mar 12Tue
  1. 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.