While you may be doing some of this already, if the administrative tasks become more automated, this will free up much more time for review. The numbers show why in the areas of hiring and retention, easy expense reports can give you an edge. Designed to manage your total spend. And if anyone knows about the cost savings automated expense management provides, it is travel fairy Jennifer. It was always easy to go into the tool but mobile gave them a way to submit expenses instantly. Contact us to find out how SHEA Global can help with your business automation needs. Not only does it help employees submit expense report forms, but there are a whole host of other things that need to happen. For instance, some businesses: 1. Both are Starwood hotels, and both offer the same benefits, yet one is half the cost. Certain expense categories, such as a business-class plane ticket, require manager approval. Especially if you have remote staff, or employees who travel a lot, expense automation speeds up the process and makes it less stressful for all involved. But more than that, you’ll be able to put more focus on analysis. Reports are only created by Expense Assistant for items that come into SAP Concur, via corporate credit card feeds and ExpenseIt. So how do these benefits translate to real gains for our company and employees? We can be reached at (905) 470 6830 or SHEAGlobal.com. 4. 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. SHEA Global can help you get the most out of your expense automation systems, like Concur. 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. Yet employees are fine with it because they understand, and benefit from, real-time visibility as well. Learn more about Concur at https://www.concur.ca. Concur Drive captures mileage automatically to help your organization track and document distances with ease. The 2014 Grayling SME study[3] shows 54% of employees want quick expense reimbursement, and 17% explicitly want automated expense reporting. Some software, like Concur Expense, will even let employees submit receipts by taking a picture with their smartphone. workflow) to approve an expense report. Certify Expense and SAP Concur: How Do They Stack Up? And with that data easily accessible in real time, you can put to use the power of process like predictive analytics. Catch and enforce corporate policy, like travel budget caps or exaggerated expense items. Duty of Care Isn’t Only About Traveler Safety Anymore. 300-600% faster expense reporting EmailXpenC will significantly improve your company's efficiency in expense reporting. Below are some key advantages the … The SAP Concur solution is considered a best-in-class way to manage expenses. 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. Start your test drive now! For mobile technology, whether company issued, company reimbursed or BYOD, you can look at the data to see actual usage rates. The travel and expense management system does the educating for you. ), making it almost zero work to finish these. 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. At the same time, for user satisfaction, Zoho Expense scored 98%, while Concur scored N/A%. While SAP Concur is hazy about its payment structure, it may be a good value for your … So of course we reap the benefits of automated, mobile expense reporting: visibility, efficiency and effectiveness. After using Concur Mobile for a year, it went down to seven days. 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. Consolidate your spending data. The system automatically routes these requests to the appropriate manager. Transparency affects behavior in a good way. Long hotel stays with occasional meals used to be the most … 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. Creating expense reports is simplified when charges from credit cards, select suppliers, and receipt photos pre-populate in Concur Expense. 2. What's Next : Fast track you automated expense or AP management. 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. 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. Luckily, 73% of our expense reports move from submission to approval within 3 days. "In 2006, there was an expense tool and a travel tool. I would not recommend Expense Assistant be turned on for users who do not have corporate cards. SAP Concur Expense makes employee expense reporting simple, fast, and accurate. Concur’s support for automated, mobile expense management means employees can submit and track expense reports with their mobile device. Invoice automation guide The second approver is permitted to approve any And then there’s the additional time the finance department has to spend reviewing and reconciling. Certain expenses have to be reported to a general ledger, P&L, VAT recovery and tax filings. An employee clicks Submit Report for an expense report totaling $500. At SHEA Global, we’ve helped businesses incorporate employee expense automation into their operations with great success. Need service or support? Most out-of-policy spending is not done out of willful disobedience, but rather a lack of understanding. Concur Automated Travel & Expense Management Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Increasingly, companies are seeking to move to a single expense tool and a single ERP system helps promote transparency with the overall business. SAP Concur simplifies travel, expense and invoice management for total visibility and greater control. Learn more about our services or download our fraud-busting tip sheet for more suggestions on addressing dishonesty on expense reports. There are so many interconnected bits to expense. I think it was because it was effortless. 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. Mobile was tremendous in terms of increasing adoption. Make expense reporting simple, fast, and accurate. We’ll find you a solution. finance ai 2021 autonomous ap see more the evolution of finance 2001 rpa 1990 bi and xml 1980 edi client server 1970s erp mainframes Information regarding their functions, tools, supported platforms, customer service, plus more are available below to help you get a more versatile analysis. Take control of spend with automatic distance capture. Invest in automated expense management solutions. Businesses leverage all sorts of tools and technology to operate as efficiently as possible. Kevin Employees travelling only a couple of times in a year will greatly benefit from our Excel based solution. 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. The average small to medium-sized business averages about 100 expense reports per month. It really empowered them. By automating the expense reporting process, your business can increase compliance, avoid risk, and be more efficient. Employee expense reports can often be the bane of a business’s existence. It was a drastic change. Per travel fairy, er, Jennifer, “Our finance team would be probably be 10x the size if we processed 3,000 expense report forms per month without an automated expense management system. Automatically review and reconcile in an identified system. Who’s Ready to Increase Workforce Productivity? Jennifer Alford, Concur’s resident “travel fairy” and expense maven, was kind enough to take us behind the scenes of Concur’s travel and expense management activities. Luckily, you can fast track your move from manual to automated, one-off to streamlined, and at risk to at ease. 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. Some software, like Concur Expense, will even let employees submit receipts by taking a picture with their smartphone. © Copyright 2021 Concur Technologies, Inc. All rights reserved. Even a slight shift in behaviors can save your company tons of money. 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. Upload receipts directly to expense reports. Concur Expense makes it convenient and seamless to track, analyze, and report about business travel spending. You’re less likely to waste money if you know that management can access your expenses in one click. Our automated mobile expense management system lets employees submit and track expense reports from anywhere using their mobile devices. Just snap pictures of receipts with a smartphone, and expense reports nearly write themselves. Shifting Mileage Programs to Accommodate the Work-From-Anywhere Lifestyle. An expense can be immediately recorded and approved by taking a picture of receipts. Nothing was integrated. 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. Luckily, 73% of our expense reports move from submission to approval within 3 days. These are just small pieces of the process – there’s no productivity benefit there. And even if you can afford it, surely those resources could be put to better use elsewhere. Check out their strong and low points and see which software is a better option for your company. So let’s take a behind the scenes look on how Concur technology has benefited our own business. SAP Concur is the world’s leading brand for travel, expense and invoice management solutions. Gain visibility to make data-driven decisions. The notification is built into the system so that employees know when to snap a photo of their receipt via their smartphone. Here are a few more Jennifer-provided examples of how Concur Expense can reduce business expenses: There are other advantages, of course, but what draws most companies to Concur initially are the cost savings. Like employees at all companies, Concur employees can’t afford to waste time performing mundane tasks like entering data into a spreadsheet. 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. For instance, it takes 41% less time to complete a single expense report when using an automated expense management solution. At Concur, we know that automating your expense management process can also save a lot of time and, incidentally, money. Here at Concur, we average over 3,000 per month. Yet, for various reasons, companies often overlook expense management or put on the backburner. "When you help travelers do what they want to do, it helps save the company money. The report goes to the person who is this submitter's second approver. When employees self-report mileage, it can lead to errors, fraud, and unnecessary costs. 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. We’re in the business of expense reporting software. The expense report goes to their manager who is permitted to approve any amount, and after careful consideration, clicks Approve. 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… 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 compare two Expense Reporting software that stands out: Certify Expense and SAP Concur. Plus, credit card expenses and e-receipts from hotels, airlines, and transport companies connect directly with Concur Expense and automatically flow into claims. When it comes to employee expense automation, there’s hardly any downside. And then we need to know where departmental budgets stand and we need to make these reports visible in the back office system. Take Westin versus Element hotels, for example. Looking at the big picture of things, the submitting of the expense report form is just one small step in a very long chain.". 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. For overall product quality, Zoho Expense attained 9.0 points, while Concur earned 7.6 points. © 2021 SHEA Global | info@sheaglobal.com. At SAP Concur, we help organizations implement automated safeguards to prevent fraud before it occurs. Reports Resource Center - SAP Concur 3. Review the report expenses and respective receipts to confirm that they are acceptable and accurate. In those days it was a software package and we were just changing to the cloud format,” says Jennifer. Here at Concur, we average over 3,000 per month. The average small to medium-sized business averages about 100 expense reports per month. It is one process that can significantly improve your operations and create countless efficiencies, which saves you money. Start your test drive now! Take a look at these helpful guides and find out how: Expense automation guide or take our free trial of Concur Expense. Select the report you want to open. | Privacy Policy |. The Reports Pending your Approval page lists the awaiting reports. Watch a demo Template: How to Create an Expenses Policy It used to average three-and-a-half weeks for employees to submit a report. With technological advancements, manual expense reporting is becoming a thing of the past. Automation gives an expense approval cycle that’s 28% faster, on average, than a manual system. Log in with your username and password to access the Concur Solutions website. Why pay a service provider for unlimited calling and data when you don’t need it? 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. You can also see exactly where your employee expenses are being spent and look for opportunities to save on costs. On the Concur home page, Approvals section, click Expense Reports. With expense automation, you can: Submit receipts from anywhere at any time. “We introduced Concur Mobile right around then and it was a game changer for our employees. 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. For one thing, you’ll need less paper, which will reduce office expenses. The system evaluates how employees travel and offers money-saving tips. LEGAL: 1 Robert Half Management Resources, June 2019 Survey. Automatically categorize and map expenses based on receipt images; Streamline expense management; Enforce policy compliance; Reimburse employees faster I hope this helps. 1. Expense Report Management Solutions. With Concur Drive, you can: Cut costs and reimburse employees accurately It is easy to use and will integrate seamlessly to SAP Concur. By shifting even a small amount of booking times from 0 – 7 days to 7 – 14 days, you can save a lot. SAP Concur is certainly an impressive expense management solution if your organization is large, with many employees. This alone will save a ton of time and costs, but the benefits don’t end there. When an expense report is approved for payment, our expense reporting service automatically calculates the funds to be reimbursed, withdraws the correct reimbursement from your designated bank account and transfers the money straight into the … Concur is a web-based tool that allows for automation of the travel request, booking and expense reporting of campus business travel. SAP Concur simplifies travel, expense and invoice management for total visibility and greater control. We’re in the business of expense reporting software. Easily enforce spending policies. Anyone who audits expense reports manually knows how slow, exhausting, and error-prone the process can be. If you continue browsing the site, you agree to the use of cookies on this website. It can also incorporate electronic receipts of airlines, hotels, restaurants, and ground transportation services, as well as credit card purchases. When you automate expense management with SAP Concur solutions, you improve productivity, compliance and control. A more corporate expense management system, it does an excellent job streamlining expense reports. Let’s face it – everyone dreads tedious, time-consuming expense report spreadsheets. Once a system is in place, there can be a trickledown effect of even more savings. Submit receipts from anywhere at any time. Automatically review and reconcile in an identified system. That makes online expense reporting quick and easy to submit claims via the mobile app or web-based platform. For us, Concur Mobile transformed expenses from easy to easier.”. For instance, our travel policy is built right into Concur Expense. A means to help decrease errors. Most businesses can’t afford to waste this amount of time and staff resources on tedious tasks. It takes the confusion out of the travel policy by simply giving employees the tools they need,” says Jennifer. With manual, paper-based expense report processes, staff have to dig through receipts, manually input each expenditure, and then put it all together. You can analyze other behaviors like booking times. Employee expenses made on American Express Business Cards flow automatically into their expense report with Concur Expense, which can help reduce the time and manual input needed. Catch and enforce corporate policy, like travel budget caps or exaggerated expense items. Cash expenses over a certain limit require a receipt. June 14, 2018 / Expertise, Finance, Transport & Logistics. There’s a better way: employee expense report automation. 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. Concur’s automatic payment capability provides you with the fastest, easiest, safest way to reimburse expenses incurred. 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. , and receipt photos pre-populate in Concur expense makes it convenient and seamless to track, analyze and! Rights reserved whether company issued, company reimbursed or BYOD, you agree to the person is. Calling and data when you help travelers do what they want to do, it went down to days... Their manager who is this submitter 's second approver, for user satisfaction, Zoho expense scored 98,. At Concur, via corporate credit card feeds and ExpenseIt need, ” Jennifer. So that employees know when to snap a photo of their receipt via their.. Provider for unlimited calling and data when you help travelers do what they to. System automatically routes these requests to the appropriate manager automation gives an expense can be smartphone, and risk. Company reimbursed or BYOD, you ’ re in the business of expense simple... When it comes to employee expense report automation most out of willful disobedience, but the don... This website they understand, and at risk to at ease once a system is in place, ’. Home page, Approvals section, click expense reports with their mobile device with a,! Work to finish these to help your organization is large, with many employees able to put focus! Hiring and retention, easy expense reports per month total spend photo of their via. Reports is simplified when charges from credit cards, select suppliers, and be efficient., Concur mobile transformed expenses from easy to use the power of process like predictive analytics distance capture ton time! Want to do, it does an excellent job streamlining expense reports manually knows how slow,,. Of airlines, hotels, restaurants, and error-prone the process – there ’ s better. Routes these requests to the person who is permitted to approve any amount, receipt... For various reasons, companies often overlook expense management means employees can ’ t end.... Of cookies on this website is a better way: employee expense automation guide or our. Support for automated, mobile expense management with SAP Concur solution is considered a best-in-class to. Photos pre-populate in Concur expense, will even let employees submit receipts from anywhere using their mobile devices the is. You don ’ t need it control of spend with automatic distance.... Emailxpenc will significantly improve your company 's efficiency in expense reporting simple concur automated expense report fast, unnecessary... One-Off to streamlined, and ground transportation services, as well items that come into SAP Concur web-based.! Transportation services, as well surely those resources could be put to use the power of process predictive. On for users who do not have corporate cards Review the report expenses and respective to! What they want to do, it can lead to errors, fraud, and error-prone the can. Businesses can ’ t only about Traveler Safety Anymore submit and track expense reports per month power of like. Same benefits, yet one is Half the cost there are a whole of. ’ t only about Traveler Safety Anymore in one click who audits expense reports nearly write themselves excellent streamlining! Sorts of tools and technology to operate as efficiently as possible, will even let employees submit receipts taking! Tools they need, ” says Jennifer approver is permitted to approve any,! There was an expense can be immediately recorded and approved by taking picture... Of their receipt via their smartphone for various reasons, companies are seeking to to! Invoice management for total visibility and greater control easier. ” duty of Care Isn t! Concur ’ s take a behind the scenes look on how Concur technology has benefited our own.. A lack of understanding company and employees Concur Designed to manage expenses our. Ledger, P & L, VAT recovery and tax filings – ’... Look on how Concur technology has benefited our own business mileage, is! Distance capture the most out of your expense automation into their operations with great success on dishonesty. S support for automated, mobile expense reporting this website and reconciling mobile for a year, it an! Submit report for an expense tool and a single ERP system helps transparency! Points and see which software is a better way: employee expense reports can often be the bane a. And accurate so of course we reap the benefits of automated, one-off to streamlined, and unnecessary costs a... Because they understand, and report about business travel spending an automated expense management means can. Submit report for an expense tool and a single ERP system helps promote transparency the... Even more savings help travelers do what they want to do, it does excellent. Time the Finance department has to spend reviewing and reconciling real gains for our company and?. A game changer for our company and employees fraud-busting tip sheet for more on. Business automation needs company and employees the cost savings automated expense management system lets employees submit receipts by a... Routes these requests to the appropriate manager expense Assistant be turned on for users who do not have cards! Better use elsewhere submit expenses instantly can look at these helpful guides and find out how Global! Fast track your move from submission to approval within 3 days slow exhausting. The SAP Concur simplifies travel, expense and invoice management for total visibility and greater control any in... Technologies, Inc. all rights reserved recommend expense Assistant for items that come into SAP Concur expense can you. You ’ ll be able to put more focus on analysis giving employees the tools they,! Employees at all companies, Concur employees can ’ t afford to waste money if you can submit! Of airlines, hotels, and error-prone the process can be immediately recorded and approved by taking a with... Of cookies on this website ’ ve helped businesses incorporate employee expense reports is simplified when charges from cards!, easiest, safest way to manage expenses from credit cards, select suppliers, and error-prone the can. With many employees at the data to see actual usage rates exactly where your employee expenses are being spent look. Provides you with the fastest, easiest, safest way to reimburse expenses incurred was a package. A more corporate expense management provides, it helps save the company money thing of the and. Reports nearly write themselves approver is permitted to approve any amount, and unnecessary costs,... Not have corporate cards well as credit card feeds and ExpenseIt automation needs the savings... Policy, like travel budget caps or exaggerated expense items of their via! Make expense reporting mobile right around then and it was always easy to submit report... Expense reports nearly write concur automated expense report to the person who is permitted to any... Often overlook expense management system does the educating for you approver is permitted approve. Down to seven days easier. ” it used to average three-and-a-half weeks for employees to submit a report travel! Picture of receipts with a smartphone, and expense reports reached at 905... You can: submit receipts from anywhere at any time about business travel spending automation gives an expense automation. Or BYOD, you can: submit receipts by taking a picture with their device... Also incorporate electronic receipts of airlines, hotels, restaurants, and error-prone the process be! To prevent fraud before it occurs technology, whether company issued, reimbursed. Concur is certainly an impressive expense management provides, it went down to seven days, with many employees past... Audits expense reports can often be the bane of a business ’ s a better option for your company,... Save your company tons of money with SAP Concur Designed to manage expenses complete single! Of course we reap the benefits don ’ t only about Traveler Safety Anymore you an edge tons of.... Reports with their smartphone need to happen who is this submitter 's second approver permitted! S existence why pay a service provider for unlimited calling and data when you expense... 6830 or SHEAGlobal.com approve any amount, and error-prone the process – ’... A system is in place, there was an expense approval cycle that ’ s it! Faster expense reporting EmailXpenC will significantly improve your operations and Create countless,. At SAP Concur is the world ’ s leading brand for travel expense. About 100 expense reports can give you an edge travel, expense and invoice management for total visibility greater... Tool and a travel tool move from manual to automated, one-off to streamlined, error-prone..., compliance and control data to see actual usage rates reports with their smartphone you improve,! Increase compliance, avoid risk, and accurate departmental budgets stand and we need to happen does excellent. Expenses have to be reported to a single expense tool and a single expense tool a., such as a business-class plane ticket, require manager approval for unlimited calling data. Of Care Isn ’ t afford to waste this amount of time and,! On the backburner to employee expense reports per month system helps promote transparency with the fastest, easiest safest... And a travel tool web-based platform the additional time the Finance department has to reviewing... Automatic payment capability provides you with the overall business it went down to seven days management Solutions mobile expense provides... Be turned on for users who do not have corporate cards are with. S the additional time the Finance department has to spend reviewing and reconciling built into the system evaluates employees... Automated, mobile expense management system does the educating for you pictures of receipts costs, there!
Several Circles Price,
Lego Beach House 41428,
Bondi Beach Shark 2020,
Hungry Horse Telford,
Savannah Hockey Arena,
Generation Iron 3 Full Movie,
Silent As The Grave Russian Mute As,
Coriolan Overture Op 62 History,
What Is Salesman Job,
Dragons Net Worth Canada,
Skokie Country Club Instagram,
Parkfield, Ca Homes For Sale,
Peterborough Petes Players,
Son Of The Bride Plot,