Investing in a Travel and Expense Management solution (TEM) will increase revenues by decreasing the costs associated with expense reporting, improve expenditure visibility, and provide the necessary tools to manage spending processes that are efficient and effortless.
Concur, a leading provider of integrated TEM solutions, helps companies control costs and save valuable time through their cloud and mobile systems. Concur’s open platform enables an entire travel and expense organization of customers, suppliers, and developers to access and utilize Concur’s T&E cloud. The system quickly adapts to individual employee preferences and is individually tailored to meet the needs of companies large and small throughout the world.
Concur is a pioneer of cloud computing and is the only solution in the market that combines travel, itinerary and expense management into one integrated and easy-to-use solution. Concur’s solution follows robust business rules combined with automated travel requests or pre-trip approvals to ensure consistent travel policy enforcement. This practice puts organizations in complete control of their corporate expense system. Concur’s service helps companies enforce their T&E policies every step of the way – before booking, during the trip and when expenses are submitted and approved by including customized spending limits, preferred vendors, and a customized rules engine.
Concur travel booking is integrated directly into one seamless TEM process and connects to all major global distribution services, as well as directly with thousands of suppliers, enabling all bookings (hotel, flight, rail and ground transportation) to be completed without the aid of a travel agent. Concur’s solution enables users to drill down on specific hotel amenities such as the inclusion of a fitness room or pool, similar to popular online travel booking sites. Concur’s TEM services are designed with resilience and availability in mind. Their mobile platform not only allows users to log on through any web browser, but also allows users to access the solution directly from an optimized mobile application. This allows all users: employees, approvers, and auditors to use the application from virtually anywhere.
Concur’s process for submitting expense reports and receipts is done quickly and easily through the capture of e-receipts directly from travel providers. E-receipts include detailed folio data and are automatically uploaded into a traveler’s expense report. This time-saving process delivers actionable data that, in combination with the corporate card transaction information, provides an unprecedented view into every expense transaction. In the instances where e-receipts are not available, receipts can be submitted via email, fax, or using the Concur mobile application and the device’s camera.
Concur’s built-in workflow and audit rules allow managers to quickly and easily approve in-policy expenses. Concur’s service integrates seamlessly with virtually every back-office system, from enterprise-wide ERP systems to smaller and even home-grown back-office processes. With over 15,000 clients of all types, there likely isn’t a back-office configuration that Concur hasn’t worked with.
To learn more about Concur’s T&E Cloud ecosystem, download a complimentary copy of PayStream’s 2013 Travel and Expense Benchmark report. The report includes a detailed Concur profile and case study. Stay tuned for the upcoming 2014 TEM report that PayStream will publish in March.
