SAP Concur: 3 Key Factors in Achieving a Compliant, Efficient Month-End
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For finance and accounts payable teams, automating month-end processes can shorten the close cycle, reduce compliance risk, and base cash forecasting on more timely data.
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- SAP Concur BlogSAP Concur: 3 Key Factors in Achieving a Compliant, Efficient Month-End
SAP Concur argues that paper-based month-end closing is often stressful and inefficient, and identifies three obstacles: difficulty gathering paperwork, time-consuming and error-prone data entry, and poor data quality that leaves no clear real-time view of finances. It says automation solves these problems: Concur Expense lets employees photograph receipts on their smartphones and automatically convert them into claims, while Concur TripLink captures travel plans and spend. Data flows seamlessly into the finance system, eliminating manual error, giving earlier visibility into spend for proactive decisions, and providing an end-to-end audit trail.