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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.

  2. SAP Concur Blog

    SAP Concur Releases Six Best Practices for Expense Reimbursement Policies

    SAP Concur published an article outlining the importance of strong expense reimbursement policies and six best practices. These include defining qualifying reimbursements, requiring receipts, reducing paperwork, setting submission deadlines, creating an approval workflow, and including quality and compliance audits. The article notes that clear policies protect both employees and the company, reduce the risk of noncompliant spend, and improve reimbursement efficiency.

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.

  2. SAP Concur Blog

    SAP Concur eBook Shares Six Strategies to Boost Business Productivity

    SAP Concur released an eBook, "The Very Best Productivity Workarounds for Small Business," featuring six productivity strategies from Steve Strauss, author of "The Small Business Bible" and a longtime USA Today columnist: set SMART goals, apply the 80-20 rule, adopt the Eisenhower Box, use time blocking, leverage technology, and outsource and delegate. It says small businesses using Concur Expense save 13 hours per finance or accounting employee weekly.

Jan 2Tue
  1. SAP Concur Blog

    SAP Concur Guide: How AI Is Reshaping Corporate Expense Management

    SAP Concur published a guide outlining the value of artificial intelligence in expense management. The article notes that traditional manual expense management is inefficient, especially for large decentralized organizations, where finance managers cannot easily review every expense for compliance and employees spend significant time collecting receipts, filling out forms, and reconciling ledgers. AI expense management can accelerate task completion, ensure policy compliance, and provide more data for finance, HR, and travel professionals. Core tools include machine learning, mobile apps, optical character recognition, and cloud computing. Future trends include paperless expensing, blockcha…

Dec 28Thu
  1. SAP Concur Blog

    SAP Concur: Why State and Local Governments Need to Modernize Expense Systems

    SAP Concur published an article noting that U.S. state and local governments face pressures including tight budgets, workforce shortages, and increased scrutiny of public spending, yet many government organizations still rely on manual or outdated expense processes. Paper receipts, spreadsheets, disconnected systems, and lengthy approval chains slow operations and reduce spending visibility. The article identifies three areas where expense automation delivers immediate value: spend visibility and budget oversight, stronger compliance and audit readiness, and better employee experience. Modern expense management solutions can help agencies strengthen accuracy, transparency, and accountabilit…

Dec 15Fri
  1. SAP Concur Blog

    How SAP Concur Leverages Generative AI to Revolutionize Travel & Expense Management

    SAP Concur published a video interview transcript in which Rahul Vig, Senior Director of Product Management, explains SAP's AI investment and three core principles: relevance, reliability, and responsibility. The article describes how SAP Concur uses AI to improve expense management, including ExpenseIt using machine learning to extract information from receipts and create expense reports, Verify automating the audit process, and Invoice Capture automatically capturing invoice information. Vig revealed that in the past 18 months, approximately 60 million expense reports were processed through Verify, with only 3% requiring manual auditor review. The future goal is to use generative AI to ma…

Oct 26Thu
  1. SAP Concur Blog

    SAP Concur Report Explores the Changing Role and Responsibilities of the CFO

    SAP Concur surveyed 220 finance leaders across seven markets and released a CFO Insights report. Findings show four of five top external challenges relate to global economic turmoil; CFOs respond by increasing market monitoring (57%), investing in innovation (40%), and automation and AI (33%); 68% of CFOs see AI as a threat to their position, while 82% believe it will make operations leaner.

Oct 24Tue
  3. SAP Concur Blog

    The New Challenges of Tax Compliance Management and How to Overcome Them

    SAP Concur's blog discusses new challenges in corporate tax compliance management, including diverse employee benefits, tax complexity under hybrid work models, and changing VAT regulations. The article notes many organizations still manage tax compliance manually while tax authorities have digitally transformed, requiring automation tools and cross-department collaboration to reduce risk.

Oct 11Wed
  1. SAP Concur Blog

    SAP Concur Publishes Guide to Efficient Employee Reimbursement Management

    SAP Concur published a guide to employee reimbursement management, covering reimbursable expense categories (citing the IRS, including travel, training, office supplies, tools, and software), tracking and payment methods, and tips for managing receipts and documentation, including implementing a strong expense policy, using a centralized system, checking itemized receipts, setting clear deadlines, performing periodic audits, monitoring spending trends, and integrating new technology.

Oct 5Thu
Oct 2Mon
Sep 29Fri
Sep 27Wed
Sep 26Tue
Sep 11Mon
Aug 23Wed
  1. SAP Concur Blog

    SAP Concur and NACo Discuss Finance Transformation for County Governments

    SAP Concur and the National Association of Counties (NACo) hosted a webinar on finance transformation for county government organizations. The article notes that counties face tight budgets, changing regulations, and rising demands for transparency and accountability. Finance transformation can improve efficiency and accuracy, address workforce changes, and strengthen compliance and accountability. Steps include evaluating the current state, defining objectives, developing a road map, and engaging stakeholders.

Aug 16Wed
  1. SAP Concur Blog

    SAP Concur: How AI Will Transform T&E

    SAP Concur published a blog on AI applications in travel and expense (T&E) management. It cites IDC data that 45% of businesses see opportunities for AI to improve payments, expense management, and analytics. SAP Concur's Verify uses AI to automatically audit expense reports, and ExpenseIt reduced returned reports from 14% to 1.2%. In 2022, $1.6 billion in spending exceptions went unexamined, while Verify automatically audited 97% of 2.8 million reports between January 2022 and June 2023.

Aug 14Mon
  1. SAP Concur Blog

    Concur Invoice Automates AP: Customers Report Significant ROI

    SAP Concur published a blog detailing the top 10 features of Concur Invoice and the ROI customers achieved. After automating AP workflows, customers reported a 29% reduction in time spent capturing invoices, a 26% reduction in budget overspending, and 11% cost savings through supplier-negotiated rates. These efficiencies resulted in an estimated 134 hours saved per week, $43K saved annually, and positive ROI in only 7 months.

  2. SAP Concur Blog

    Concur Expense Automates Expense Management: Customers Report Significant ROI

    SAP Concur published a blog detailing Concur Expense features and the ROI customers achieved. After implementing expense management automation, customers reported a 47% reduction in missing receipts, 32% reduction in approval time, 28% reduction in mileage excess claims, 26% reduction in budget overspending, and 26% increase in tax reclaim savings. Efficiencies resulted in an estimated 148 hours saved per week, $54K saved annually, and positive ROI in 7 months.

Jul 26Wed
  1. SAP Concur Blog

    How AP Automation Benefits Your Business

    SAP Concur published an article discussing the benefits of accounts payable (AP) automation. It notes that 70% of organizations are not automated across financial processes, and manual invoice processing can take up to 9.5 hours per invoice. AP automation uses technologies like e-invoicing and OCR to improve spend visibility, optimize supplier contracts, reduce risk, and improve cash flow forecasting. The article also discusses where to start and the importance of change management.

  2. SAP Concur Blog

    More Productivity, Less Paperwork: How AP Automation Revolutionizes Business Operations with AvidXc…

    SAP Concur podcast features Chris Elmore, Chief Evangelist of AvidXchange, discussing the transformative power of AP automation. The conversation notes that although AP automation can increase efficiency, visibility, and control, fewer than 20% of businesses have fully automated AP processes, and 70% of invoice processing is still paper-based. The discussion covers the evolution of the AP profession, automation opportunities, and how to drive change by focusing on mission, purpose, and outcome.

Jul 20Thu
  1. SAP Concur Blog

    Concur Expense: ROI Data for Automated Expense Management

    SAP Concur presents Concur Expense, its automated expense management solution, citing Analysys Mason 2022 research data: users reported a 47% reduction in missing receipts, 32% reduction in approval time, approximately $54K annual savings, and positive ROI in only 7 months. Concur Expense was also recognized by TrustRadius as a 2023 Top-Rated software in both Expense Management and Travel Management categories.

Jun 16Fri
  1. SAP Concur Blog

    Busting Common Myths About AP Automation

    A SAP Concur blog post debunks four common myths about accounts payable (AP) automation: automation does not cause job loss but reduces mundane tasks; company size does not affect the benefits; implementation typically takes weeks, not months; and while costs may seem high, SAP Concur customers typically see a three-year ROI of 634% and break even in four months. The post notes that businesses relying on paper-based systems are prone to errors, at risk of fraud, and lack spend visibility.

May 12Fri
  1. SAP Concur Blog

    Forrester: Intelligent T&E Management Drives the Future of Work

    Forrester Consulting published a thought leadership paper commissioned by SAP Concur, based on a global survey of T&E software decision-makers in finance, travel, IT, or procurement. 76% of decision-makers rank increasing automation to improve efficiency and productivity as a high or critical priority, 78% prefer a single platform to manage T&E processes, and 64% report their companies are under pressure to manage costs. 77% believe travel is important or very important to managing customer relationships, and 67% cite its role in obtaining new customers. The report says integrated platforms outperform fragmented solutions on data visibility and system connectivity.

May 8Mon
  1. SAP Concur Blog

    2023 AP Automation Trends: Over 80% Still Manually Key Invoices

    The 2023 Accounts Payable Automation Trends report, conducted by the Institute of Financial Operations & Leadership (IFOL) and sponsored by SAP Concur, found more than 80% of AP teams still manually key invoices into ERP or accounting software. 51% of AP teams process between 500 and 5,000 invoices per month, 56% spend more than ten hours a week processing invoices, and 41% spend over ten hours a week processing supplier payments. The report says that although AP teams recognize technology can improve invoice management, the rate and speed of automation failed to pick up much pace over the last three years.

Apr 20Thu
  1. SAP Concur Blog

    Take the Pain Out of Travel with Clear Policies

    An SAP Concur blog post argues that without clearly spelled-out policies, employees cannot know what is reimbursable, so clear and adaptable travel and expense policies are critical. It cites research showing 100% of travel managers expect to change policies in the coming year, 94% of business travelers plan greener travel steps over the next 12 months, 72% of companies say automated T&E improves response to business challenges, and 34% of businesses adopting T&E automation saw fewer reports rejected over receipts. It advises formalizing policies covering flights, lodging, food and entertainment while building in flexibility.

  2. SAP Concur Blog

    Choosing a T&E Automation Solution That's Right for Your Business

    An SAP Concur blog post says T&E processes still relying on paper receipts, manual forms and employee-funded cards hurt productivity and frustrate staff. Automated T&E solutions provide an accurate, up-to-date view of travel spending that helps control costs, improve cash flow and target spending. Cloud solutions are now more affordable for SMBs, and the post cites Analysys Mason finding that businesses using SAP Concur T&E solutions save an estimated $54,000 a year and 148 hours weekly for finance or accounting teams. Selection should weigh integration, ease of use, and visibility and control.

Apr 18Tue
  1. SAP Concur Blog

    Best Practices to Meet Today's Automation and IT Challenges

    An SAP Concur blog post says IT leaders adopting, integrating and implementing business applications face a tight labor market, budget pressure and the need to fold sustainability and social goals into metrics. A report by Oxford Economics and SAP Concur shows 46% cite increasing functional efficiency as their organization's top priority, 75% use basic automation to boost efficiency and 68% say advanced automation raises more efficiency. It suggests IT leaders focus on four areas: simplify integration, provide wide-ranging support, secure data, systems and people, and measure sustainability.

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.

Apr 14Fri
  1. SAP Concur Blog

    The Connection Between Intelligent T&E Automation and Better Compliance

    An SAP Concur blog post says refining T&E with intelligent automation and digitized processes is a natural step in finance digital transformation, cutting paper, data entry errors and making expense data timelier and more trustworthy. It stresses that controls and compliance are often neglected when manual work is heavy: miscategorized spend causes budget, tax and compliance issues, and international travel spend carries anti-bribery risk with fines up to $2 million per violation. The SAP Concur and Oversight Spend Insights Report 2021 found excessive missing receipts up 58.6%, expense header keyword match violations up 26.7%, and duplicate mileage submissions up 2,127% from Q3 to Q4 2021.

Apr 10Mon
  1. SAP Concur Blog

    Digital Adoption Platforms for Expense Management in Hybrid Work

    A SAP Concur blog post argues that hybrid and flexible work, combined with increasingly sophisticated enterprise applications, has made digital adoption platforms (DAPs) a key tool. A DAP is a codeless software addition that simplifies processes within an enterprise application via in-interface guidance and tool tips. The post cites IDC research showing 87% of surveyed line-of-business respondents are automating their own work, and an IDC prediction that by 2025 CIOs investing in DAPs and automated learning technologies will see a 40% productivity increase. It also notes that more than 170 countries operate VAT systems, with regimes such as the UK's Making Tax Digital and the EU's SAF-T evo…

Apr 6Thu
  1. SAP Concur Blog

    Bringing County Spending Under Control with Automated Expense and Invoice Processes

    A SAP Concur blog post aimed at county governments examines how manual expense and invoice processes undermine spending control. It notes that employees delay submitting travel expense reports because the process is time-consuming, so organizations may not know total travel costs until weeks later; vendor invoice sign-off takes an estimated 11 days from receipt; and accounting and finance staff each spend an estimated 14 hours a week processing expenses and another 13 hours handling vendor invoices. It recommends capturing spending earlier via a central invoice portal, purchase order processes, and mobile receipt capture, and using automation to cut errors and fraud risk and unify data for…

Mar 30Thu
  1. SAP Concur Blog

    Are Your Business Spending Processes and Metrics Up to the Times?

    A SAP Concur blog post examines whether corporate spending processes and key performance indicators need updating. It recommends focusing on several areas: paying expenses with corporate cards improves spend control and visibility and can yield rebates of up to 2%; automated receipt management shortens paper trails, and companies using SAP Concur solutions average 36% time savings in expense report handling; manual mileage tracking can result in as much as 15% more miles than actually traveled, while GPS-enabled mobile apps improve accuracy; and AI-based auditing reduces manual review burden. It also suggests measuring budget-versus-actual variance, employee refunds or updates, and adding o…

Mar 14Tue
  1. SAP Concur Blog

    Automated Credit Card Reconciliation: Big Returns for Small Businesses

    A SAP Concur blog post aimed at small businesses examines the hidden costs of manual credit card reconciliation. It says out-of-policy spending and outright fraud can easily fly under the radar with manual processes, and risks multiply if multiple employees share a single corporate card or if personal credit cards are used for business expenses; the average time span fraud lasts before detection is 14 months, and 76% of cases are committed at the employee or manager level. It says SAP Concur users reported 32% less time to approve expenses, 13 hours saved per finance/accounting employee per week, $18 saved per expense report, and positive ROI in 8 months after automating the expense process.

Feb 28Tue
  1. SAP Concur Blog

    SAP Concur Releases Concur Expense Customer ROI Data

    SAP Concur released ROI data reported by Concur Expense customers. Customers report a 43% reduction in misplaced receipts, 32% reduction in expense approval time, 50% less time to reimburse expenses, 65% more compliant expense reports and 26% reduction in budget overspending after automating. Customers also say it took only 7 months to pay back the initial investment, with a three-year ROI of 628%. The data comes from an AMI 2022 global study.

Jan 26Thu
  1. SAP Concur Blog

    Digging Into Essentials of Automated Expense Management

    A SAP Concur blog post cites a 2022 Analysys Mason study finding that nearly half of finance leaders worldwide say fraud and risk management are their biggest challenges, and 44% cannot make informed decisions due to lack of timely financial information. The article highlights that manual expense management is costly, while automated solutions can mitigate fraud and noncompliance risks and improve productivity and profitability. The study estimates a T&E solution saves 13 hours weekly per finance or accounting team member. One customer reports spending 65% less time processing expense reports. 72% of businesses believe digital transformation is key to growth.