SAP Concur Partner Launches Client Expense Recovery Calculator
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For professional services organizations, client expense recovery directly affects profitability. Omissions and allocation errors in manual billing processes not only cause revenue loss but also prevent accurate profit modeling and forecasting. Automated project billing tools can significantly reduce disputed transacti…
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- SAP Concur BlogSAP Concur Partner Launches Client Expense Recovery Calculator
SAP Concur App Center partner Pivot Payables has launched a Bottom Line Improvement Calculator to help professional services organizations assess expense recovery losses from manual project billing. According to Pivot Payables CEO Cher Pearsall, manual project billing accounts for 35% to 50% of disputed transactions between organizations and their clients, and a significant percentage of billable expenses are omitted during the manual process. The PivotPrime solution integrates with Concur Expense and Concur Invoice to automatically identify AP data and generate billing statements. Client Cardno saved more than 500 hours per month in its client billing process after switching from manual bi…