All you need to know about SAP Concur

Companies need to manage their travel expenses and other expense efficiently. Some businesses used traditional sources like spreadsheets and paper-based management while some businesses used advanced and automate travel and expense (T&E) management software like SAP Concur.

In this article, I am going to tell you all about SAP Concur that you need to know. So, read this article from start to end to know further about it.

 SAP Concur — A Quick Overview

SAP Concur is one of the best and most widely used travel and expense management platforms, which helps businesses of all ranges to manage their travel, expense, and all the processes, related to their invoice from any place. It gives more visibility to the business. It enables them to take more control over their travel and expense to save T&E expenses and enhance the productivity of a business.

It is an efficient service that enables users to automate and integrate all the processes involves in travel and expense management. It helps businesses to streamline their travel and expense to record their expense. It helps businesses in processing reimbursement. It gives an accurate and error-free way of tracking, recording submitting, and reimbursing the travel expense of employees. There are more alternatives in the market. Mostly, there is Expensify vs Concur debate going on.

What are the advantages of using SAP Concur? 

Following are some of the key advantages that you can get by using the SAP Concur:

• Integrated solution 

It gives an integrated solution for travel and expense management. It automates all the processes related to T&E management and gives control to the organizations over their expense.

• Global Software 

It gives a global solution that supports many currencies and languages. It can calculate multiple currency exchange rates, VAT/GST, and car-mileage allowance.

• Integrated data capturing 

This software integrates expense, invoice, TMC, and credit card data in a single solution so; you do not need to use multiple software for dealing with different types of data. It also enables users to match data from receipts’ pictures and travel companies for reporting expenses accurately and efficiently.

• Gamification technology 

This software is equipped with gamification technology, which let organizations identify and reward the effort of workers to keep expense down

• Communicate with team 

This software provides messaging features that make it easy for team members to collaborate and communicate with each other. They can communicate by data feed, detect risk, and can also get alerts to stay updated

• Travel planning 

SAP Concur Travel and Expense Management Software enable employee to plan their business travel easier. It gives them real-time flight alerts for delays, flight reservations, and cancelation facilities and enables them to change their plans according to the demand and situation.

• Concur TripIT 

It is a free solution that SAP Concur offers which makes travel planning more streamlined. It gives tools to the users for flight reservations, hotel reservations, events, and activities booking. This tool gives a single solution for all business trips and travel.

What features does SAP Concur provide? 

SAP Concur is a helping hand for all businesses who want to manage their travel and expense efficiently. It helps organizations deal with their travel and expense challenges.

The following are the major features that SAP Concur offers to users:

1. Concur Expense 

With these features, companies can track and record their spending. This feature helps organizations streamline and control their spending from different sources. This helps them to make data-driven decisions for their business by providing them with accurate data. It simplifies the whole expense management process and supports teams.

This gives the following functions: 

• It tracks all the expense
• Automatically capture the receipts to make reports
• Implement expense policies
• Process fast reimbursement
• Enable employees to make, recheck, submit, and approve expense reports using a mobile app
• Watch the expense management process with digital receipts
• Get complete control over finance by connecting concur with your ERP
• Track data accurately

2. Concur travel 

This feature is developed to help companies to deal with complex travel processes and challenges they faced with traveling. It helps business to manage their travel by implementing their T&E policies. It helps business to detect fraud reimbursement claims.

It gives the following advantages: 

• Get accurate data for travelers
• Give location check-in, HR Profiles, TMC, and TripLink
• Keep users updated with the latest trends in the corporate travel sector
• Track and manage the traveling program
• Give useful insights into travel expense