What is SAP Concur?

SAP Concur is a cloud-based solution developed by SAP that specializes in expense management, travel booking, and invoice processing. It is designed to help organizations streamline and automate their business travel, expense reporting, and invoice management processes. SAP Concur offers a suite of tools and services that simplify travel and expense management, enhance compliance, and provide insights into spending, making it easier for businesses to control costs and improve efficiency.

Key components and features of SAP Concur include:

1. Travel Booking: SAP Concur provides tools for booking and managing business travel, including flights, hotels, rental cars, and other travel-related expenses. It integrates with popular travel booking platforms, making it easier for employees to plan and book their trips.

2. Expense Reporting: The platform simplifies expense reporting by allowing users to capture receipts and expense details using a mobile app or web interface. Expense data is automatically categorized and can be submitted for approval.

3. Policy Compliance: SAP Concur enforces company travel and expense policies, flagging non-compliant expenses and providing alerts to ensure adherence to company guidelines.

4. Receipt Scanning: Users can easily capture and upload receipts using a smartphone camera or scanner. The platform uses optical character recognition (OCR) technology to extract expense details from receipts.

5. Automated Workflows: SAP Concur streamlines the expense approval process with automated workflows. Approvers can review and approve expenses electronically, reducing manual tasks and delays.

6. Integration with Credit Cards: The platform can integrate with corporate credit cards, allowing for automated reconciliation of credit card transactions and expenses.

7. Travel and Expense Analytics: SAP Concur provides analytics and reporting tools to help organizations gain insights into travel and expense spending. Users can generate reports, track budgets, and analyze expenses to make data-driven decisions.

8. Invoice Management: In addition to travel and expense management, SAP Concur offers invoice processing capabilities. It streamlines accounts payable processes by digitizing invoices, automating approval workflows, and facilitating supplier invoice payments.

9. Mobile Access: SAP Concur is accessible via mobile apps, enabling users to manage travel and expenses while on the go.

10. Integration with ERP Systems: The platform can integrate with SAP and other ERP (Enterprise Resource Planning) systems, ensuring that financial data flows seamlessly between different systems.

11. Policy Enforcement: SAP Concur helps organizations enforce travel and expense policies to ensure compliance and cost control.

12. Security and Compliance: The platform places a strong emphasis on data security and compliance, including adherence to data protection and privacy regulations.

SAP Concur is suitable for organizations of all sizes, from small businesses to large enterprises, looking to simplify and optimize their travel booking, expense reporting, and invoice management processes. It provides a unified platform for managing these critical financial functions, reducing manual tasks, and increasing visibility into financial data.