Your employees have more purchasing options than ever, which makes visibility into company spending even more challenging. That’s why you need an integrated financial management software solution across expense, travel, and invoice management.
How does your solution stack up?
If you’re using disconnected solutions to track company spend, you’re not seeing the big picture. SAP Concur’s integrated solution connects expense, travel, and invoice data for a single view.
Financial leaders are being called upon more than ever to play a more strategic role. That’s why, according to Forrester, more than 73% of companies are planning to automate T&E in the next six months.
A survey of the world’s most successful CFOs reveals how technology is helping them manage spend, optimize capital, and boost business performance.
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Secure compliance in all stages of the buying funnel
Bribery acts, expense scandals and tax compliance put your job and company reputation in the spotlight every day.
When it comes to company policies the truth is that you can’t simply write them and expect to be followed. If you want people to comply and protect your business you need to call on the three Cs of compliance: collaboration, comprehension and communication.
We put together some useful tips to secure compliance across the whole process: from policies & processes, to tax compliance, audit and VAT reclaims.
Verify policy compliance and comprehension by reviewing expense claims
Did you know that 10% of travelers have at least one duplicate charge on their expense report? In addition, 20% of employees have at least one non-compliant purchase on their expense reports.
T&E compliance is not only a legal requirement it’s also a need for the health and conflict-free culture of your company. When you adopt the right tools and approach, compliance becomes easier.
T&E auditing works. There’s no doubt about that. It catches policy comprehension errors, duplicate claims and non-compliance amongst other things to save your business' money. However, where to begin with an audit process is not always as straightforward.
SAP Concur provides a single view of expense, travel, and invoice data to provide insights into company spend so you can identify trends, drive cost and time savings, and make life easier for employees.
Simplify compliance while connecting to travel data from your partners, so you can offer them more flight and hotel choices.
Get integrated expense data from credit cards, invoices, and receipts directly from key suppliers so you can get better visibility into your employee travel spend.
Track invoices from multiple sources, then manage approvals, turning weeks of administration into a short, automated cloud-based experience.
Using a centralized solution, Ericsson increased control and efficiency resulting in 90% reduction in cost per claims and time reduction in reimbursement from two months to six days
Simplifying the employee experience made spend control simple, which led to savings of both time and money.
By moving up from different legacy systems in various countries, they increased visibility of company spend across the globe.