Reduce Costs

Concur® Expense gives organizations the tools to yield rapid ROI and improve employee productivity, and as a result, increase savings that go to the bottom line. On average, a manually processed expense report costs $40 per transaction. By automating the expense reporting process, organizations reduce the cost of every expense report transaction to less than $10* - a 75 percent reduction.

With an increasing demand for organizations to cut operating costs, implementing Concur Expense is a quick and effective way to bring savings back into the bottom line. Implementing our automated expense reporting solution means employees can spend less time managing paper receipts and expense reports and more time focusing on mission-critical tasks.

With Concur, the entire expense reporting process is automated – reducing transaction costs and cutting processing costs. In fact, by simply reducing paper receipts alone from the expense reporting process, Concur’s research indicates that organizations using Concur Expense see additional cost savings per online expense report.

Along with cost reductions comes an increased level of policy compliance and visibility, which can further reduce the overall cost of T&E expenses – which for some organizations literally represents millions of dollars per year. And, for organizations that want to ensure that they accurately report and properly classify expenses in accordance with corporate and regulatory policies, Concur Audit further reduces processing costs.

Concur’s hosted receipt imaging service, Concur® Imaging, makes it easy for organizations to save money by eliminating paper receipts up front, and managing the entire process online. It allows users to scan or fax receipts and review them online within minutes. Users can submit, review, audit and store receipts online, without incurring the high costs of routing and storing paper. In the end, Concur Expense delivers maximum ROI for organizations by eliminating paper receipts and paper expense reports.

For a growing number of organizations with employees and offices located across the country and/or across the world, submitting expense reports online is not only convenient, but saves on shipping costs to route expense reports and receipts to managers, approvers and accounting or finance departments.

To learn more about how Concur Expense can save your organization time and money with an automated Employee Spend Management solution, contact a Concur representative today.

* Aberdeen Group