Concur simplifies travel and expense management with intuitive features. It streamlines expense tracking, reporting, and approval processes, ensuring compliance and cost control. Although there is a steep learning curve, Concur optimizes expense management for businesses of all sizes, enhancing efficiency and accuracy.
Concur Specifications
Financial Reporting
Invoice Management
Expense Tracking
Tax Management
What is Concur?
Overview
SAP Concur is among the largest global providers of integrated expense and travel management solution that also provides invoice services to finance executives with an aim to simplify and automate these daily computations. It enables executives to monitor expenses and cash flows related to travel expenditures. The app integrates almost real-time data with AI audited transactions that provide businesses complete transparency over what is being spent on which projects without any blind spots or undocumented expenses.
The software’s Travel and Expenses application offers features to customize trip planning processes allowing managers control over which requested adjustments. to approve or decline. The module offers a wide inventory of global travel distribution systems, including negotiated prices and web-only fares. automated alerts with the finance team are also offered as well as reports and dashboards.
The Invoicing module offers automated accounts payable processes by utilizing templates and predefined reports. It also offers a self-service portal for suppliers customized workflows and automated vendor payments with ACH, checks, and credit cards. Concur’s Intelligence feature enables employees to create customized dashboards, providing a summary of multiple reports that enable finance managers to track travel expenses.
Support for iOS, Android, Blackberry, and Windows phones is offered with a full feature suite available.
Pricing: The software offers the Basic version for small businesses for $8/month, while pricing details for other packages are provided upon quote.
USP: SAP Concur is the most widely use T&E management solution worldwide for its seamless tracking and scalability to serve small businesses to large business conglomerates effortlessly.
Support: Support can be accessed via phone and FAQ.
Product Advantages: Feature to automate data collection from receipt images is a huge benefit. Broad inventory choice of global travel suppliers including negotiated rates.
Product Limitations: Receipt management is not intuitive and well organized. T&E interface is dated. The recent updates have made the software harder to use.
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