Concur
Concur makes managing travel and expenses easier with its user-friendly functionalities. It simplifies the processes of tracking expenses, generating reports, a...
Concur makes managing travel and expenses easier with its user-friendly functionalities. It simplifies the processes of tracking expenses, generating reports, a...
Product Overview
Concur makes managing travel and expenses easier with its user-friendly functionalities. It simplifies the processes of tracking expenses, generating reports, and obtaining approvals, all while promoting compliance and maintaining budget control. While there may be a significant learning curve at first, Concur improves expense management for companies of any scale, boosting both efficiency and precision.
Product Snapshot
Product Details
What is Concur?
Overview
SAP Concur stands out as one of the leading global providers of integrated solutions for expense and travel management. It also offers invoice services tailored for finance professionals, aiming to streamline and automate daily financial tasks. This platform empowers executives to keep a close eye on expenses and cash flow associated with travel costs. The application utilizes nearly real-time data along with AI-verified transactions, granting businesses full visibility into spending across various projects, eliminating blind spots or unrecorded expenditures.
The software’s Travel and Expenses application comes equipped with features that allow customization of trip planning processes, giving managers the authority to approve or decline requested changes. It includes an extensive selection of global travel distribution systems, featuring negotiated prices and exclusive web fares. Additionally, it provides automated alerts for the finance team, along with comprehensive reports and dashboards.
The Invoicing module streamlines accounts payable processes through the use of templates and predefined reports. It also features a self-service portal for suppliers, customizable workflows, and automated vendor payments via ACH, checks, and credit cards. With Concur’s Intelligence feature, employees can design personalized dashboards that summarize multiple reports, helping finance managers monitor travel expenses effectively.
Support is available across various platforms including iOS, Android, Blackberry, and Windows phones, ensuring a complete suite of features is accessible.
Pricing
The software includes a Basic version designed for small businesses at a cost of $8 per month. Pricing details for additional packages are available upon request.
Unique Selling Proposition
SAP Concur is recognized as the most widely utilized travel and expense management solution globally due to its effortless tracking capabilities and scalability that accommodates both small enterprises and large corporate conglomerates.
Support
Assistance can be reached via phone or through the FAQ section.
Product Advantages
The ability to automate data collection from receipt images is a significant advantage.
A diverse selection of global travel suppliers is available, including negotiated rates.
Product Limitations
The management of receipts lacks intuitiveness and organization.
The travel and expense interface feels outdated.
Recent updates have made the software more challenging to navigate.
Accounting Software Features
Pros
- ✔ Allows businesses to automate their expense, travel, and invoice processes, saving time and resources by streamlining activities
- ✔ Users can submit expenses and capture travel details from anywhere using their mobile devices, providing flexibility and convenience
- ✔ The solutions help give companies control over their spending by connecting different financial data in one place for visibility and management
Cons
- ✘ Implementation usually requires hiring specialized consultants which adds significant upfront expenses and timeline before going live
- ✘ Some users complained of the desktop client software slow at times
Price
Professional
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