Keep employees happy with faster reimbursements Managers can easily review and approve expense reports from any device, which reduces employee reimbursement time by two-thirds. Here at Concur, we average over 3,000 per month. Long hotel stays with occasional meals used to be the most … Luckily, 73% of our expense reports move from submission to approval within 3 days. The notification is built into the system so that employees know when to snap a photo of their receipt via their smartphone. SAP Concur is the world’s leading brand for travel, expense and invoice management solutions. By automating the expense reporting process, your business can increase compliance, avoid risk, and be more efficient. An employee clicks Submit Report for an expense report totaling $500. SAP Concur Provides Automated, Fast and Accurate Expense Reporting SAP Concur® integrates all your expense data, so you can effectively manage and control spending no matter where it happens. For one thing, you’ll need less paper, which will reduce office expenses. It takes the confusion out of the travel policy by simply giving employees the tools they need,” says Jennifer. For instance, some businesses: 1. For instance, it takes 41% less time to complete a single expense report when using an automated expense management solution. With AppZen as a critical audit layer to SAP Concur, expense reporting is made simple, and you can be sure to get the most out of your expense management investment. And even if you can afford it, surely those resources could be put to better use elsewhere. Take a look at these helpful guides and find out how: Expense automation guide or take our free trial of Concur Expense. The average small to medium-sized business averages about 100 expense reports per month. Kevin ), making it almost zero work to finish these. People who don’t use mobile technology are really selling their employees short and are missing a massive opportunity to make things easier on employees. And with that data easily accessible in real time, you can put to use the power of process like predictive analytics. The system evaluates how employees travel and offers money-saving tips. If one thing goes wrong in the process – a lost receipt, discrepancy, or violation of a corporate expense policy, for instance — it can take even more hours to resolve the issue. There are a variety of reports you can run to see where you’re being inefficient, making it easy to feast on the low-hanging fruit of cost savings. If you continue browsing the site, you agree to the use of cookies on this website. The Travel & Expense Management Data Collection is a subset of the University Data Warehouse containing data from Concur Expense, Penn's automated expense management system (in use since Spring 2013). We’ll find you a solution. The results are: Emburse Certify (8.8) vs. Concur (7.6) for general quality and performance; Emburse Certify (93%) vs. Concur (N/A%) for user satisfaction rating. With technological advancements, manual expense reporting is becoming a thing of the past. Expense Report Management Solutions. I think it was because it was effortless. Automatically categorize and map expenses based on receipt images; Streamline expense management; Enforce policy compliance; Reimburse employees faster Some software, like Concur Expense, will even let employees submit receipts by taking a picture with their smartphone. For overall product quality, Zoho Expense attained 9.0 points, while Concur earned 7.6 points. We can be reached at (905) 470 6830 or SHEAGlobal.com. Take Westin versus Element hotels, for example. Another recent report, the Business Travel News (BTN) 2016 Expense Manager Survey, found that Concur remains the most in-demand expense solution used by 52 percent of respondents. When employees self-report mileage, it can lead to errors, fraud, and unnecessary costs. It used to average three-and-a-half weeks for employees to submit a report. Concur’s support for automated, mobile expense management means employees can submit and track expense reports with their mobile device. I would not recommend Expense Assistant be turned on for users who do not have corporate cards. Yet, for various reasons, companies often overlook expense management or put on the backburner. Automation gives an expense approval cycle that’s 28% faster, on average, than a manual system. Pros: Concur makes it very easy to do expense reports for a sporadic traveler: -expenses for the corporate card are transferred automatically (so one does not forget to claim them) -the latest implementation I use even transfers the details of hotels stays (nightly rate, tax 1,2,3 etc. Because with Concur you can: Integrate all your spend data from any source—from your vendor invoices, expense reports and travel itineraries; from your HR, ERP and other back-office systems; from your TMC; from your various credit cards—into a single source of truth for every dollar you spend. Log in with your username and password to access the Concur Solutions website. There’s a better way: employee expense report automation. Start your test drive now! Luckily, you can fast track your move from manual to automated, one-off to streamlined, and at risk to at ease. Invest in automated expense management solutions. Concur Automated Travel & Expense Management Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. These are just small pieces of the process – there’s no productivity benefit there. When booking employee group trips, you can easily manage travel to ensure everyone is on time, is at the same hotel, has up-to-the-minute itineraries, etc. Concur Drive captures mileage automatically to help your organization track and document distances with ease. This alone will save a ton of time and costs, but the benefits don’t end there. It can also incorporate electronic receipts of airlines, hotels, restaurants, and ground transportation services, as well as credit card purchases. In this article, Jennifer shares how she makes sure the entire Concur team has the tools for quick, correct expense reporting so they can focus on the real work, like helping clients and moving the company forward. Certify Expense is a web-based travel & expense management software for companies that want to quickly automate manual processes while receiving great administrative and end-user support for free.. SAP Concur simplifies travel, expense… By shifting even a small amount of booking times from 0 – 7 days to 7 – 14 days, you can save a lot. Information regarding their functions, tools, supported platforms, customer service, plus more are available below to help you get a more versatile analysis. You can also see exactly where your employee expenses are being spent and look for opportunities to save on costs. Mobile was tremendous in terms of increasing adoption. But more than that, you’ll be able to put more focus on analysis. Improve employee satisfaction with faster reimbursement Managers can easily review and approve expense reports from any device, reducing employee reimbursement cycle time by two-thirds. Transparency affects behavior in a good way. "In 2006, there was an expense tool and a travel tool. 1. At SAP Concur, we help organizations implement automated safeguards to prevent fraud before it occurs. Certain expense categories, such as a business-class plane ticket, require manager approval. workflow) to approve an expense report. The numbers show why in the areas of hiring and retention, easy expense reports can give you an edge. It was always easy to go into the tool but mobile gave them a way to submit expenses instantly. You’ll also be able to automatically integrate employee expenses into your current ERP or accounting system, which will help with your overall budgeting and forecasting. Not only does it help employees submit expense report forms, but there are a whole host of other things that need to happen. The expense report goes to their manager who is permitted to approve any amount, and after careful consideration, clicks Approve. If your company has a favorable deal with a credit card company, like most do, you want to make sure that employees are using their corporate credit card instead of paying with cash. Concur is a web-based tool that allows for automation of the travel request, booking and expense reporting of campus business travel. An expense can be immediately recorded and approved by taking a picture of receipts. Concur is one of the leading solutions for expense automation and we have developed our Concur Connector which provides an out of the box integration for our clients between Concur and ERP systems such as Microsoft Dynamics GP. We compare two Expense Reporting software that stands out: Certify Expense and SAP Concur. For mobile technology, whether company issued, company reimbursed or BYOD, you can look at the data to see actual usage rates. LEGAL: 1 Robert Half Management Resources, June 2019 Survey. Check out their strong and low points and see which software is a better option for your company. Easily enforce spending policies. It was a drastic change. Reports are only created by Expense Assistant for items that come into SAP Concur, via corporate credit card feeds and ExpenseIt. SAP Concur Expense makes employee expense reporting simple, fast, and accurate. So let’s take a behind the scenes look on how Concur technology has benefited our own business. Duty of Care Isn’t Only About Traveler Safety Anymore. With Concur Drive, you can: Cut costs and reimburse employees accurately "When you help travelers do what they want to do, it helps save the company money. That makes online expense reporting quick and easy to submit claims via the mobile app or web-based platform. With better employee expense analysis, you might be able to take advantage of corporate discounts, such as bulk airline ticket purchasing, or negotiate a deal at a frequently used hotel. Anyone who audits expense reports manually knows how slow, exhausting, and error-prone the process can be. Below are some key advantages the … It is easy to use and will integrate seamlessly to SAP Concur. It really empowered them. Shifting Mileage Programs to Accommodate the Work-From-Anywhere Lifestyle. The 2014 Grayling SME study[3] shows 54% of employees want quick expense reimbursement, and 17% explicitly want automated expense reporting. | Privacy Policy |. So how do these benefits translate to real gains for our company and employees? Employees travelling only a couple of times in a year will greatly benefit from our Excel based solution. Contact us to find out how SHEA Global can help with your business automation needs. Select the report you want to open. SAP Concur simplifies travel, expense and invoice management for total visibility and greater control. finance ai 2021 autonomous ap see more the evolution of finance 2001 rpa 1990 bi and xml 1980 edi client server 1970s erp mainframes 2. A more corporate expense management system, it does an excellent job streamlining expense reports. And if anyone knows about the cost savings automated expense management provides, it is travel fairy Jennifer. The travel and expense management system does the educating for you. Not only does Jennifer play guinea pig when it comes to new Concur technology, she has also seen firsthand the time and money benefits automated expense reporting software can bring to a company of any size. Just snap pictures of receipts with a smartphone, and expense reports nearly write themselves. We’re in the business of expense reporting software. Invoice automation guide Luckily, 73% of our expense reports move from submission to approval within 3 days. At the same time, for user satisfaction, Zoho Expense scored 98%, while Concur scored N/A%. The system automatically routes these requests to the appropriate manager. Let’s face it – everyone dreads tedious, time-consuming expense report spreadsheets. Reports Resource Center - SAP Concur Like employees at all companies, Concur employees can’t afford to waste time performing mundane tasks like entering data into a spreadsheet. Yet employees are fine with it because they understand, and benefit from, real-time visibility as well. 3. Review the report expenses and respective receipts to confirm that they are acceptable and accurate. Looking at the big picture of things, the submitting of the expense report form is just one small step in a very long chain.". “We introduced Concur Mobile right around then and it was a game changer for our employees. It’s easier to monitor, easier to manage (imports and syncs automatically), plus it’s much more difficult for local outfits like taxi companies to commit fraud if a credit card is used. Gain visibility to make data-driven decisions. Concur Detect by Oversight simplifies this by automatically reviewing expense and receipt data to not only drive regulatory and policy compliance, but increase visibility into spending and identify fraud as well. The SAP Concur solution is considered a best-in-class way to manage expenses. In those days it was a software package and we were just changing to the cloud format,” says Jennifer. Catch and enforce corporate policy, like travel budget caps or exaggerated expense items. Watch a demo Template: How to Create an Expenses Policy Catch and enforce corporate policy, like travel budget caps or exaggerated expense items. System so that employees know when to snap a photo of their receipt via their.. 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