Differentiating Business Value Drivers and Benefits of Travel and Expense Solutions

Objective

After completing this lesson, you will be able to differentiate SAP Concur's business value drivers and benefits of SAP Concur solutions.

Key Business Benefits of SAP Concur Travel and Expense Solutions

The following series of videos explain the main business benefits of our solutions. Review each one to learn more about how our solutions can:

  1. Increase productivity
  2. Minimize financial risk
  3. Improve employee experience
  4. Develop market adaptability

Increase Productivity

Summary

  • Intelligent automation tools like SAP Concur can help improve productivity by eliminating mundane tasks, such as collecting receipts and manually copying information.
  • SAP Concur streamlines invoice processing, expense management, and travel tasks. With fewer touches and maximum accuracy, teams can focus on more important work.

Minimize Financial Risk

Summary

  • Finance leaders prioritize risk management and compliance, as misalignment with policies and data security issues can pose significant financial risks. Globally, 44% of finance leaders are concerned with fraud and risk management.
  • SAP Concur provides near real-time visibility, enabling finance teams to track and forecast spend, enforce policies, control cash flow, and identify errors, fraud, and misuse efficiently.
  • As a leader in data security, SAP Concur ensures data protection, helping teams mitigate financial risks and safeguard their reputation.

Improve Employee Experience

Summary

  • Small to medium-sized businesses are increasingly investing in automation to equip employees with intuitive tools that reduce frustration and enhance productivity.
  • SAP Concur offers user-friendly tools that allow teams to manage expenses and invoices from anywhere, with online reporting access to monitor spending.
  • Integration with other cloud-based SPIN software ensures connectivity and visibility, helping teams work flexibly and efficiently.

Develop Market Adaptability

Summary

  • In a rapidly changing market, 68% of businesses seek long-term, scalable solutions to support business continuity.
  • SAP Concur offers flexible, innovative solutions that allow teams to monitor and control spending, adjust policies as needed, and streamline reporting to support data-driven decisions.
  • With SAP Concur, back-office efficiencies allow businesses to scale operations to meet growing demands without incurring significant additional costs.

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