Mairs & Power Streamlines AP with Concur Invoice
Mairs & Power, an 87-year-old SEC-registered investment advisory firm with over $9.5 billion in managed assets, adopted SAP Concur's Concur Invoice to automate AP processes. Financial analyst Luke Odegaard gained an entire day per week for strategic work. Implementation was smooth, with employees quickly adapting, and spend visibility improved.
Impact and considerations
For finance teams, this case shows how automating AP frees up employee time for strategic initiatives and improves decision-making.
Key points
- Mairs & Power manages over $9.5 billion in assets.
- After implementing Concur Invoice, a financial analyst gained an entire day per week.
- Implementation was smooth, and employees quickly adapted.
- Automated system provides spend visibility for important decisions.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 29 Jun 2022, 19:47
- Page published
- 15 Aug 2026, 08:28
- Last updated
- 29 Jun 2022, 19:47
- Original links
- SAP Concur Blog：Mairs & Power: Utilizing Automation to Streamline AP Processes Through Concur Invoice (opens in a new tab)Primary source · en · Published 29 Jun 2022, 19:47