BCD Travel reports that its online booking tool TripSource, implemented for a global oilfield services company, delivered an 11% increase in OBT adoption, a 4% reduction in average transaction price, and a 10% decrease in offline touchpoints within three months. The client operates in 26 countries and now uses TripSource for a connected booking, service, and engagement experience, supported by Advito.
TUI Group CEO Sebastian Ebel said AI-driven cost savings were the biggest benefit, and results wouldn't have been possible without AI. Q3 revenue was €5.8B, down YoY; EBIT was €234M, down €87M. The company has connected to all LLMs and expects AI to transform distribution.
A SAP Concur blog post argues that modern expense reporting and accounts payable (AP) management should start with AP automation, then build resilience through AI and cybersecurity investment and a rethink of ESG. Its research shows 71% of companies say integrated, AI-enhanced travel and expense (T&E) technology improves expense-related fraud detection, and that adding automated AP solutions to integrated T&E solutions yields 22% annual cost savings. It also recommends spend-request tools to approve and control spending before it occurs and AI-embedded invoice solutions to deter fake vendors, duplicate payments and other fraud, while stressing financial storytelling to win leadership suppor…
A SAP Concur blog post suggests companies can save on ground transportation costs and improve employee safety by increasing rideshare use. It advises reviewing rideshare expense and insurance policies, checking rideshare configuration in Concur Expense, and analyzing year-over-year rideshare spend percentages. Best practice percentages range from 38% to 87% depending on industry. A formula is provided to estimate potential savings: (taxi median rate – rideshare median rate) × (25% of total taxi transactions). Encouraging rideshare gives employees autonomy, location-sharing ability, and reduces carbon emissions.
A SAP Concur blog post notes that automating accounts payable reduces paper and manual entry, fewer lost invoices and late fees, more early pay discounts, increased efficiency, and a more accurate cash flow view. It cites data: invoice processing time decreased by 82% to 3.1 days per invoice, cost per invoice decreased by 80% to $2.78, and invoice exceptions decreased by 59% to 9%. Another study shows companies with automated AP process 64% more vendor invoices monthly, over 66% of teams reported cost decreases, with average savings of 20%. The article suggests building the case with efficiency and savings data plus a 'what's in it for you' strategy.
This SAP Concur blog post highlights the inefficiencies of manual invoice processing, including lack of visibility, wasted time, and increased error risk. It advocates for automated solutions to improve efficiency, reduce errors, and provide real-time financial data. Research cited shows that automated invoice management can reduce late payments by 24%, save 11% in costs, and cut budget overspending by 26%.
Based on Analysys Mason research, the article discusses how finance automation helps businesses simplify processes and save costs. Survey shows automated travel and expense solutions improve response to business challenges, reduce administrative tasks, and save costs.
SAP Concur article emphasizes the importance of accounts payable (AP) automation. Businesses spend an average of 13 hours per week processing invoices; automation can reduce misplaced invoices by 22%, save 12 hours weekly, and save approximately $44,000 annually. It recommends cloud solutions integrated with ERP and mobile access.
SAP Concur article notes that manual invoice management leads to duplicate payments, missed deadlines, and other issues. Nearly a third of companies see duplicate invoices as a top financial challenge, and 43% lack cash flow visibility. Automated invoice management can save 122 hours per week and $44,000 annually.
SAP Concur cites AMI-Partners research showing that SMBs using Concur Expense save an average of $39,000 annually, and outlines the current state of SMBs still relying on spreadsheets and handwritten records to manage expenses and the associated costs.
IDC InfoBrief shows cloud-connected travel saves significant costs: 49% less time on travel planning, 70% less time on expense reports, 35% more compliance, and 54% fewer lost receipts. Average business can save $97,000 in invoicing/auditing, $122,000 in travel-related costs, and $728,000 in improved staff productivity annually.
Fortune 500 engineering firm Illinois Tool Works (ITW) adopted SAP Concur's integrated travel and expense solutions. Previously, ITW spent $3 million annually to serve only U.S. employees; after implementing SAP Concur, costs were reduced by $1 million and services expanded to 33 countries. Cathy Sharpe, Director of the Global Travel and Expense Group at ITW, noted that SAP Concur helped achieve significant cost savings and global reach.
SAP Concur published an accounts payable (AP) guide explaining that AP refers to money a business owes its creditors, with a typical process covering invoice delivery, review, approval, and payment. Citing a survey of 420 businesses across five countries, it notes 69% of respondents cited inefficiency of manual processes and 56% reported missing documentation. AP automation digitizes vendor invoicing; AIIM research shows an average 29.2% reduction in invoice processing costs, with nearly one-third of businesses cutting costs by 50% or more.
A SAP Concur blog post discusses the value of automating the accounts payable (AP) process. Citing an AMI-Partners survey of 420 companies across five countries, it finds that automating invoicing delivers significant benefits: savings of more than $34,000 annually ($1,100 for every 100 invoices processed), a 16% reduction in time spent on invoice management, 54% of companies reporting improved analytics, and 46% finding increased employee satisfaction. The article emphasizes that AP solutions should go beyond automation to improve underlying processes and support mobile access.
The article addresses challenges faced by higher education institutions such as declining enrollment and budget cuts, proposing five ways to streamline invoice processes: integrate with existing systems, empower users with mobile devices, consolidate data, leverage staff strengths, and repurpose budgets. Automation can reduce invoice processing costs by up to 70%.
SAP Concur published three tips to save on business travel. GBTA reported 514 million business trips were taken in 2016. The article recommends booking at least three weeks in advance, as tickets booked fewer than seven days before departure are on average 44% more expensive than the same ticket booked 15 days in advance; considering ridesharing instead of renting a car for short trips; and researching meal options ahead of time to control costs. It also suggests companies set booking guidelines and approval processes and use expense systems to simplify reporting.