SAP Concur Components To Be Familiar With

SAP Concur Malaysia is widely used in many businesses today to easily manage employee expenses and corporate travel. The automations of this cloud-based service serve as the backbones of convenient management in mobile devices including everyday smartphones.

With SAP Concur, businesses can gain the ability to handle complex procedures without relying on manual, tedious paperwork while facing the risk of making human errors by mistake. SAP Concur also allows managers or teams the freedom to pursue more important or urgent business matters while having full control over corporate compliance and financial status.

Furthermore, SAP Concur users can also capture images of receipts and submit expense reports with little to no difficulty. Duplicate invoices can also be caught up and adopt time saving methods of tasks such as mobile approvals and faster payments.

Concur Expense

SAP Concur has three core elements called Expense, Travel and Invoice. This first feature, Expense, provides users the ability to control and track their spendings accurately from multiple sources. Through its mobile app, employees are able to review, submit and approve expense reports straight from their own phones. Spending policies can also be enforced with Expense.

Reimbursement is faster through SAP Concur and expenses can be reconciled via multiple card types. Meanwhile, a complete financial picture can be obtained when integrated with an ERP (Enterprise Resource Planning) system.

Concur Travel

SAP Concur also handles travel solutions while keeping the safety of employees in mind at all times. Users can empower their employees to book their own travels through a portal or app within the company’s own travel policies. With Concur, travel and expense policies can be also kept in line with current business needs, and allows organizers to see what is amiss in their existing travel programs. 

Booking through one portal means that accurate and comprehensive data from each traveller can be obtained to improve compliance, reduce spending and get the best rates with various vendors. Several features that are used to support employees include location check-ins, TMC, HR profiles and Concur TripLink. Concur’s online travel booking tool also lets organizers be updated with the latest trends in the world of company travel.

Concur Invoice

As the third and final core component, Concur Invoice is designed to manage incoming invoices and reduce invoice processing costs by more than 80%. It eliminates late payments and paperwork, manages cash outlays, improves purchase requests and automates approvals. 

With Concur Invoice, vital GST information can be captured and 100% of refunds can be claimed. The end-to-end AP automation feature also enhances vendor payment discounts. Besides ensuring compliance to minimize security risks, financial components can be viewed in real time. Users can oversee purchase-to-pay cycles and optimize their own capital to boost their growth.

These three features serve as the pillar of SAP Concur’s success. Besides being the all-in-one, mobile and top trading and expenses solution, SAP Concur’s flexibility allows the system to work with any solutions and is easy to configure by everybody. It is also very quick to create and adapt enough to future-proof businesses.