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7 updates.

7 updates shown

Wednesday 29 June

7 updates
Payments & expense
SAP Concur Blog全球

SAP Concur Urges Organizations to Advance Spend Management Maturity

A SAP Concur blog post notes that the nature of corporate spending has changed significantly over the past five to ten years and continues to evolve, making tracking and managing spending more complex. Citing IDC research, it says many organizations still have shortcomings: accounts payable teams cannot effectively direct spending if they only orchestrate manual processes; budget managers are not truly managing budgets if they only track what is spent; and finance managers cannot ensure payment terms and negotiated rates on every transaction without the right tools. IDC created a five-stage maturity model, from manual processes and spreadsheets at the lowest stage to integrated solutions an…

Payments & expense
SAP Concur Blog全球

Why employee spend matters for sales leaders

The article notes that if administrative processes like expense reports take too long, sales team productivity suffers. Enterprises adopting mobile and digital technologies can accelerate growth potential. Employees expect consumer-like experiences, spend has shifted to 'employee-initiated spend' across multiple payment methods, and disconnected systems hinder accurate budgeting and reporting. Sales leaders should ask how to leverage technology to improve productivity, connect travel and expense data, and identify spending channels.

Payments & expense
SAP Concur Blog全球

SAP Concur: The Business Value of Concur Invoice and 505% ROI

A SAP Concur blog post cites an IDC white paper finding that eight interviewed businesses improved their AP processes with Concur Invoice: staff time on invoice processing fell 68%, employee compliance rose to nearly 100%, late payments to vendors dropped 67%, line-of-business productivity rose 11%, and IT staff time managing AP solutions fell 29%. The white paper also projects annual benefits of $775,401 per organization ($15,418 per 1,000 invoices) and a 505% ROI over five years.

Payments & expense
SAP Concur Blog全球

Are You the Company’s Invoice Guru? Here's How to Improve Your Processes

The article notes that many SMBs rely on a single employee for AP, and manual processes are time-consuming and expensive. An IDC study found that after moving from manual to Concur Invoice automation, total processing time per invoice dropped 53%, staff time decreased 64%, savings equaled $7,537 per 1,000 invoices, vendors received payments 51% faster, delayed payments fell 67%, IT staff time fell 29%, and overall annual benefits reached $14,953 per 1,000 invoices.

Payments & expense
SAP Concur Blog全球

SAP Concur and IDC: Five Stages of T&E Management Maturity

An IDC study commissioned by SAP Concur identifies five stages of travel and expense management (TEM) maturity: paper-based reporting, automated processes, purpose-built mobile/cloud apps, platform ecosystem, and intelligent/predictive processes. IDC says less-mature TEM processes become a mounting source of lost productivity and revenue and increased employee dissatisfaction as companies expand. Greater maturity brings returns in productivity, support time, travel costs, and risk.

Payments & expense
SAP Concur Blog全球

IDC: SAP Concur Customers Gain $1.96M Annually, 650% Three-Year ROI

An IDC study commissioned by SAP Concur interviewed seven organizations using SAP Concur solutions, with an average employee size of 1,906. IDC calculates an average benefit of $1.96 million per customer per year ($97,447 per 100 users) and a 650% ROI over three years. Benefits come from less time planning travel and completing reports, lower support staffing, better compliance and audit efficiency, and analytics-driven savings. The article also lists a five-stage TEM maturity model.

Payments & expense
SAP Concur Blog全球

SAP Concur: Mobile Solutions Boost Compliance; IDC Says Report Time Falls 60%

A SAP Concur blog cites customer cases saying mobile solutions let employees complete expense reports by taking photos. An IDC report found employees using modern T&E solutions cut travel booking time by 78% and expense report completion time by 60%, with 62% more employees compliant with policy. IDC calculates $1.96 million in average annual benefits per SAP Concur customer and a 650% three-year ROI. The article also says mobile apps can support duty of care by alerting employees to emergencies.