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.
Impact and considerations
AP automation can significantly reduce corporate finance operational costs and time, potentially driving more companies to adopt expense and invoice management platforms, affecting the supplier market.
Key points
- Concur Invoice offers top 10 features including intelligent scan and extract, invoice splitting, mobile approvals, AI anomaly flagging, cloud storage, ERP integration, custom approval workflows, PO matching, configurable reporting, and multiple payment methods.
- Customers reported a 29% reduction in time spent capturing invoices.
- Customers reported a 26% reduction in budget overspending.
- Customers reported 11% cost savings through supplier-negotiated rates and discounts.
- Efficiencies resulted in an estimated 134 hours saved per week and $43K saved annually.
- Customers achieved positive ROI in only 7 months.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 14 Aug 2023, 18:19
- Page published
- 14 Aug 2026, 08:21
- Last updated
- 14 Aug 2023, 18:19
- Original links
- SAP Concur Blog：Concur Invoice ROI Review: Why walk when you can run? (opens in a new tab)Primary source · en · Published 14 Aug 2023, 18:19