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SAP Concur: How Concur Invoice Works

1reports1reporting sources2022-06-29Update

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The article provides finance and AP teams with detailed descriptions of Concur Invoice automation capabilities, indicating AI and OCR can reduce manual entry and errors and improve spend visibility.

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6月29日
  1. SAP Concur Blog
    SAP Concur: How Concur Invoice Works

    A SAP Concur blog post details Concur Invoice features: automating the entire invoice management process from capture to pay, integrating with Concur Travel and Expense. Invoices can be submitted via email, fax, hard copy, or electronically. AI-powered OCR extracts data, validated and corrected by an auditor or invoice verifier. The system automatically matches invoices to POs and goods receipts, flags exceptions, and uses dynamic approval workflows. Concur Invoice Analytics provides real-time visibility into invoice status and spend. It cites Prison Fellowship, which saved minutes per invoice after using Concur Invoice.