Managing expenses is important in the business industry. However, it is not an easy task. To help make sure the accuracy and efficiency of expense management, expense management software was developed by SAP Concur. It is called Concur Expense. In this post, you will be able to find how it works.
What is Concur Expense?
Concur Expense is one of the expense products offered by SAP Concur. This one makes it possible for you to capture spending from more than one source. Not only that, but also plan and make spending decisions based on accurate data. It is really useful for employees who always need to report their expenses. With it, there is no need for them to manually report their expenses. On top of that, they do not have to worry about losing receipts.
How Does Concur Expense Work?
If you want to capture your spending from the source and get the details of your transactions, you can take advantage of Concur Expense. As an employee, you can go from trip to expense report with ease by using Concur Travel & Expense.
There is a smart matching technology that can work like humans. It can do your job in writing the report. The way it works is by combining a few things such as credit cards, booked travel, and e-receipts. There is nothing to worry about entrusting your work to it as it uses built-in audit rules that can highlight any exceptions right away. Aside from that, it also gives you a unified view of travel and expenses.
By using e-receipts, your expenses will be automatically itemized. It means there is no need for you to ask for a copy from the front desk. Plus, you can also get notifications about incomplete entries, making it easy for you to get complete expense reporting.
If you want to manually add expenses, you can use an intuitive interface. For estimating mileage reimbursement, there is a mileage calculator. Once an expense report has been successfully submitted, you can track the status as it moves through the approval workflow with Concur Expense.
In addition, there is the SAP Concur mobile app that you can use as an employee to do a few things, such as viewing expenses, adding them to a report, and submitting that report. What is more amusing is the fact that you can do it wherever you are and whenever you want. After that, the manager can expedite expense review and approval by using the app.
Talking about the SAP Concur mobile app, there is a thing called Expenselt Pro. Expenselt is part of the SAP Concur mobile app. This one makes expense reporting easy. That’s why business travelers are recommended to use it when they are on the road. It has innovative features. If business travelers want to capture and upload a receipt in the form of an image, they can just use their phone to do it.
Concur Expense is the one that is in charge of ensuring every single detail is captured well and matched to the expense entry. These details include the date of the transaction, the amount of the transaction, the vendor, the type of the expense, and the location.
As an employee, you can extend the value of your SAP Concur and make the expense reporting easier by connecting to the partner apps of SAP Concur. Concur Expense is usually used as a place for accurate expenses from partners. These expenses are included with e-receipts.
In conclusion, Concur Expense is the answer for those who are looking for a comprehensive and efficient option to reduce their expense management processes. It is best at simplifying the workflow, ensuring policy compliance, reducing errors, and providing valuable insights through analytics and reporting. By using Concur Expense, it will be easy to optimize expense management practices, improve financial control, and increase productivity.