SAP Concur
What is SAP Concur?
SAP Concur is a suite of travel and expense (T&E) management software that helps customers manage business resources, processes, and spend. The software provides an integrated system for expense, invoice, travel, and spend intelligence in the cloud. There are three main product lines: Concur Expense, Concur Invoice, and Concur Travel. SAP Concur provides visibility into administrative areas such as budgeting, forecasting, and T&E policy management.
What is SAP Concur?
SAP Concur is a suite of travel and expense (T&E) management software that helps customers manage business resources, processes, and spend. The software provides an integrated system for expense, invoice, travel, and spend intelligence in the cloud. There are three main product lines: Concur Expense, Concur Invoice, and Concur Travel. SAP Concur provides visibility into administrative areas such as budgeting, forecasting, and T&E policy management.
Key capabilities include:
- Automated spending processes
- Interactive dashboards, reports, and alerts
- Intelligent audit capabilities
- User support desk and expert advice
- Improved travel and expense workflow
- Integrated mobile app
- AI-based fraud detection
Key Considerations for SAPinsiders
- Focus on integration. Travel and expense management software like SAP Concur works best when it is integrated with other back-end systems. SAP Concur integrates expense and travel data into a single system that helps organizations manage employee spend on an end-to-end basis while improving transaction visibility and optimizing corporate spend compliance.
- Consider the employee experience. SAP Concur can provide faster reimbursement and trip approvals and reduce the hassle of filing expense reports, improving employee satisfaction and productivity.
- Utilize analytics. Growing volumes of distributed and dynamic data challenge almost any organization to make sense of it and to use it proactively to manage travel and employee spending. SAP Concur includes advanced analytics that can help organizations derive insights from the data to develop a successful travel and expense strategy, particularly at a time of travel uncertainty, and control costs.
- Train employees. To optimize the performance of SAP Concur, train your employees on how to effectively use its functionalities through online and virtual training sessions and resources describing best practices as well as tips and tricks.
Further Resources for SAPinsiders:
How Bentley Systems transformed its global travel and expense management system with Concur and SAP: Check out this SAPinsider case study about how Bentley Systems configured Concur Travel and Concur Audit to support travel requests and approvals, expense approvals, mobile device travel booking, and expense submission.
Case Study of a Project to Integrate Concur and an SAP System: Learn how to replace your conventional travel management solution with Concur and the best practices to follow during the implementation.
A New Age of Expense and Reimbursement Management at Johns Hopkins. Read this case study to find out how the healthcare organization moved to SAP Concur for expense management to simplify and speed their expense and reimbursement process.
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