Concur Invoice: Automate Accounts Payable for Cost Savings and Business Growth
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Automating accounts payable reduces costs, improves efficiency, and enhances compliance. CFOs face cost control pressures, and Concur Invoice offers a solution.
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- SAP Concur BlogSAP 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.