What is SAP Concur – An Overview of SAP Concur Solutions

What is SAP Concur?

SAP Concur is a cloud based tool that offer the solutions for expense management, travel booking, and invoice processing.

Exactly, what is SAP Concur, and how it can helps the business? In this SAP Concur Tutorial, we will explain briefly about the SAP Concur, its key features, benefits, and how it’s redefining the expense experience, business travel, and intelligent data analysis.

5 Quick facts about SAP Concur Solutions

1.Streamlined Expense Management

SAP Concur is popularly known for its control of expense management capabilities. This powerful solution enables to simplify and automates the entire organization’s expense reporting process, and make the easier for both the employees and finance teams to handle business expenses efficiently.

Key Features:

• Capture the receipt automatically,
• Checks the Policy compliances,
• Expense reporting on real-time basis,
• Fully Integration with accounting system.

Concur can also supports mobile app and it allows the users automatically to take the images of receipts and populate expense reports. It helps in saving the time and also reduce the errors in expenses submission.

2. Complete Travel Management Solution

SAP Concur provides a complete travel management solution. This integrated solution enables an organization to manage all the travel process of business travels that starting from booking of travel ticket to its final expense reconciliation.

Travel Management Capabilities:

• Online booking tool
• Travel policy enforcement
• Duty of care features
• Negotiated rates with suppliers

It helps the businesses to optimize their travel process and ensuring the employees safety and compliance with company policies.

With a friendly user booking interface and access to negotiated rates, SAP Concur can significantly reduce travel costs for organizations.

3. Advanced Analytics and Reporting

SAP Concur with Advanced analytics and reporting provides organizations to analysis the spending patterns and helps in decision making to optimize the expenses and improves the financial growth and performance.

Analytics Features:

• Customizable dashboards as per requirements,
• Spend trend analysis,
• Supplier performance tracking,
• Benchmark comparisons.

With these advanced analytics tool, organization can easily identify the high and over spending areas and helps in negotiating the best price with suppliers, and implements price control for effective cost measurements.

4. Integration Capabilities

SAP Concur can be integrated with business systems, including ERP solutions, HR platforms, and accounting software.

Advantages of Integration:

• Automate the data synchronization
• Reduce manual data entry
• Improved data accuracy with real-time data analytics
• Improved workflow efficiency

5. Global Compliance and Support

SAP Concur can support the organizations that are operating the businesses in multiple countries and regions. It also offers the features with built-in compliance to help the organizations for international tax regulations and expense policies.

Global Capabilities:

• Multi-language support
• Local tax regulations
• Currency conversion
• Global customer support

Now that we have discussed the important five key facts about SAP Concur, how it provides the best solution for expense and travel management needs.