SAP Concur: Concur Invoice Automates Accounts Payable
SAP Concur published an article on automating accounts payable (AP) with Concur Invoice. It cites a CFO survey showing 63% of CFOs are investing in cutting-edge technology to support agility, up from 33% the previous year; over half of CFOs name cost control as a top three internal challenge in 2024; and 52% say there is risk that costs rise quickly as companies grow. The article also presents case studies of Honda NZ, Canaccord Genuity and Ingeus using Concur Invoice, including Honda NZ saving NZD 17,000 per month, Canaccord Genuity completing approvals and payments typically within a week, and Ingeus processing 3,000 invoices per month.
Impact and considerations
AP automation involves cost control, compliance and operational efficiency, offering reference value for finance and travel expense managers.
Key points
- 63% of CFOs are investing in cutting-edge technology to support agility, up from 33% the previous year.
- Over half of CFOs name cost control as a top three internal challenge in 2024; 52% say there is risk that costs rise quickly as companies grow.
- Honda NZ eliminated manual document handling and saved NZD 17,000 per month with Concur Invoice.
- Canaccord Genuity completed approvals and payments typically within a week with Concur Invoice.
- Ingeus processed 3,000 invoices per month and improved compliance and transparency with Concur Invoice.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 16 Sept 2024, 18:19
- Page published
- 14 Aug 2026, 08:12
- Last updated
- 16 Sept 2024, 18:19
- Original links
- SAP Concur Blog：Concur Invoice: Automate accounts payable for a cost-saving, business-boosting center (opens in a new tab)Primary source · en · Published 16 Sept 2024, 18:19