Exploring the Overview and Benefits of Expense Pay

Objective

After completing this lesson, you will be able to explain the Expense Pay tools and the benefits they provide to your company and users.

Expense Pay

Expense Pay is a service provided by SAP Concur to help you automate the reimbursement of out-of-pocket expenses and some corporate card expenses. The service uses Electronic Funds Transfer (EFT) technology to transfer money directly from your company's bank account to each user's personal bank account or your corporate card provider. The service does not require you to interface with your AP or payroll system to make reimbursements. Note: You may still need to interface with various financial systems to make your G/L postings.

Payment Providers

Expense Pay uses the partner networks of SAP and SAP Concur to help make sure that reimbursements are made in a timely manner to as many people as possible. During the Expense Pay purchasing process, you are guided through the process of selecting the payment provider that best suits the needs of your business.

Benefits of Expense Pay

Below you can learn about some of the benefits of Expense Pay Global.

Supports reimbursement of out-of-pocket expenses directly to users.
Supports the reimbursement of some corporate card transactions.
There is no need to cut checks or interface with your AP system to make reimbursements.
Supports multiple reimbursement currencies.
Allows you to define your own reimbursement schedules, independent of any other posting schedules.

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