Concur is a cloud-based solution for travel, expense, and accounts payable automation. It has over 22,000 clients worldwide across many industries. Concur helps companies reduce costs by automating expense reporting, integrating with other systems, and providing data insights. Many large enterprises and over half of the Fortune 500 companies use Concur to streamline financial processes.
Concur is a cloud-based solution for travel, expense, and accounts payable automation. It has over 22,000 clients in 150 countries, including over half of the Fortune 500. Concur streamlines expense reporting by allowing users to take photos of receipts with the ExpenseIt app and enter required details, which are then uploaded into the system. This automation reduces processing costs and reimbursement times. Concur also provides insights into spending patterns and integrates with other business applications. Many large enterprises and mid-sized companies use Concur to save time and money on expense management.
EzPaycheck payroll software was updated for small businesses with fewer than 20 employees. The new version has an intuitive interface allowing first time users to do payroll immediately. It was customized based on customer feedback, with improvements like faster year-to-date functions and better data backup. The software aims to automate payroll processes in order to reduce time spent on running payroll.
This document discusses virtual card capture and its benefits. It provides an overview of the key pain points in processing emailed virtual card payments, such as high manual labor. It then discusses how Medela was able to automate virtual card acceptance using Billtrust's virtual card capture solution, which reduced costs by eliminating a full-time employee previously needed to manually process thousands of emailed virtual card payments per month. The solution also optimized interchange fees and simplified the cash application process.
Discover how Quantum Cash Application fuses supervised machine-learning with robotics process automation to help reduce the amount of manual work and disparate processes historically associated with Cash App.
Robots at our office – how to make them useful?Mariusz Pultyn
This document discusses how to introduce robots into the workplace to automate repetitive tasks. It provides examples of processes that are good fits for robotization, such as standardized tasks with high volumes of data entry. The document advises communicating to employees that robots will help automate boring tasks so people can focus on more engaging work. It also stresses the importance of testing and maintaining robots to ensure they continue functioning properly. Case studies show how robots were introduced at specific companies to handle tasks like loan data calculations and payments processing.
Get Machinery Loan Without Security in India from Lendingkart Ranjan Malhotra
Get machinery loan without security in India at lowest interest rate from Lendingkart. Find details on equipment financing like interest rate, documents, eligibility & etc.
Visit here: https://www.lendingkart.com/
Brief PowerPoint explaining the common pains of Telecom Expense Management and a high level overview of how iTEMize can assist in relieving those pains
Although payroll as a service has remained the same, some things have changed, too. The relationship between client and professional is no longer one-directional. Payroll services can - and should - be a team effort. Gone are the days of payroll bureaus continuously slogging through manual processes and the frustration of clients who approach their payroll services provider with every minor tweak.
In its place is a new collaborative framework in which the payroll professional can thrive; where cloud innovation streamlines, automates and delegates the day-to-day tasks such as annual leave management, payslip distribution and backing up your payroll. That’s more time to focus on the essentials and provide better service.
In this webinar, Rachel will examine six exciting ways that client cloud platforms have transformed payroll services. Not in the distant or even medium-term future: this is happening right now.
Be ready to offer a new level of payroll and HR related services by embracing cloud access and flexibility for you, your clients and their employees. Discover how you can become more efficient by implementing new cloud technologies.
For more information visit https://www.brightpay.co.uk
Concur is a cloud-based solution for travel, expense, and accounts payable automation. It has over 22,000 clients in 150 countries, including over half of the Fortune 500. Concur streamlines expense reporting by allowing users to take photos of receipts with the ExpenseIt app and enter required details, which are then uploaded into the system. This automation reduces processing costs and reimbursement times. Concur also provides insights into spending patterns and integrates with other business applications. Many large enterprises and mid-sized companies use Concur to save time and money on expense management.
EzPaycheck payroll software was updated for small businesses with fewer than 20 employees. The new version has an intuitive interface allowing first time users to do payroll immediately. It was customized based on customer feedback, with improvements like faster year-to-date functions and better data backup. The software aims to automate payroll processes in order to reduce time spent on running payroll.
This document discusses virtual card capture and its benefits. It provides an overview of the key pain points in processing emailed virtual card payments, such as high manual labor. It then discusses how Medela was able to automate virtual card acceptance using Billtrust's virtual card capture solution, which reduced costs by eliminating a full-time employee previously needed to manually process thousands of emailed virtual card payments per month. The solution also optimized interchange fees and simplified the cash application process.
Discover how Quantum Cash Application fuses supervised machine-learning with robotics process automation to help reduce the amount of manual work and disparate processes historically associated with Cash App.
Robots at our office – how to make them useful?Mariusz Pultyn
This document discusses how to introduce robots into the workplace to automate repetitive tasks. It provides examples of processes that are good fits for robotization, such as standardized tasks with high volumes of data entry. The document advises communicating to employees that robots will help automate boring tasks so people can focus on more engaging work. It also stresses the importance of testing and maintaining robots to ensure they continue functioning properly. Case studies show how robots were introduced at specific companies to handle tasks like loan data calculations and payments processing.
Get Machinery Loan Without Security in India from Lendingkart Ranjan Malhotra
Get machinery loan without security in India at lowest interest rate from Lendingkart. Find details on equipment financing like interest rate, documents, eligibility & etc.
Visit here: https://www.lendingkart.com/
Brief PowerPoint explaining the common pains of Telecom Expense Management and a high level overview of how iTEMize can assist in relieving those pains
Although payroll as a service has remained the same, some things have changed, too. The relationship between client and professional is no longer one-directional. Payroll services can - and should - be a team effort. Gone are the days of payroll bureaus continuously slogging through manual processes and the frustration of clients who approach their payroll services provider with every minor tweak.
In its place is a new collaborative framework in which the payroll professional can thrive; where cloud innovation streamlines, automates and delegates the day-to-day tasks such as annual leave management, payslip distribution and backing up your payroll. That’s more time to focus on the essentials and provide better service.
In this webinar, Rachel will examine six exciting ways that client cloud platforms have transformed payroll services. Not in the distant or even medium-term future: this is happening right now.
Be ready to offer a new level of payroll and HR related services by embracing cloud access and flexibility for you, your clients and their employees. Discover how you can become more efficient by implementing new cloud technologies.
For more information visit https://www.brightpay.co.uk
Ww idc report the business value of concur invoice (fdm)Shannon Blackwell
Concur Invoice provides cloud-based invoice management software that helps organizations automate invoice processing workflows. An IDC study interviewed 8 organizations using Concur Invoice and found they achieved significant benefits including:
1) Improving business user productivity by 11% on average through mobile access and easier invoice submission and approval.
2) Reducing the time spent on invoice processing tasks by 34% on average through automation and streamlined workflows.
3) Lowering costs by enhancing compliance and avoiding penalties, with estimated annual savings of $511 per 1,000 invoices.
How United is Leading the Pack to Drive Better Business Outcomes - AppSphere16AppDynamics
United, headquartered in Chicago, Illinois, is the world’s largest airline when measured by number of destinations served.
AppDynamics currently manages over 125 mission-critical applications for United, ranging from United.com and mobile apps to internal tools as financial systems, flight planning, and baggage handling. In this session, see how AppDynamics Application Performance Management (APM) and Application Analytics drive better customer experience and business outcomes for United.
Key takeaways:
• Hear why United Airlines decided to add Application Analytics on top of APM.
• Understand how APM and Application Analytics bring IT and business together.
• Learn how United is proactively driving better business outcomes.
For more information, go to: www.appdynamics.com
"Making Accounts Receivable Automation Work for You" Webinar Slide DeckJean-Pierre Foehn
Amalto's latest webinar "Making Accounts Receivable Automation Work for You," primary focus was to help attendees understand what invoice automation truly is and how they should go about the process of automating their Accounts Receivable. Hear host Bryan Pederson, Amalto Operations Director of Northern U.S. and Canada, and special guest Joe McNally, President of JMA Consulting, provide listeners with their own personal experiences of what should and shouldn't be done when considering to automate your Accounts Receivable processes here:http://bit.ly/2nPngSH
Dustin Koehn is a solutions engineer who specializes in tackling complex problems for companies. Some of the key projects he has worked on include implementing backup cellular networks for store locations, e-commerce platforms, document management systems, and managed print solutions. One of his largest projects was helping Atwood Distributing select and implement a SAAS e-commerce solution called ShopVisible. He also led their efforts to achieve PCI compliance within a very tight 90 day deadline by writing policies, establishing training programs, and creating an incident response plan, improving their security posture significantly. Koehn enjoys the challenge of complex projects that can deliver substantial rewards if successful.
Case Study: First Tennessee Bank Delivering Exceptional Customer ServiceMelissa Luongo
First Tennessee Bank selected Cicero software to provide intelligent unified desktop solutions for their customer service operations and throughout their enterprise.
About Habile Technologies:
- An innovative TechFin company bringing digital lending solution all over the globe for the last 13+ years
- Strong focus on Fintech Market (Lending, Supply chain finance, Factoring,etc.) in 9 countries
- Extensive experience in service & product implementation for 50+ financial clients across the globe
About Habile Technologies:
- An innovative TechFin company bringing digital lending solution all over the globe for the last 13+ years
- Strong focus on Fintech Market (Lending, Supply chain finance, Factoring,etc.) in 9 countries
- Extensive experience in service & product implementation for 50+ financial clients across the globe
Access.com provides an innovative web-based compliance system that allows clients to track the real-time compliance status of their international contractors across multiple jurisdictions. It defines compliance rules and processes, transforms them into an online tracking system, and shares compliance information with both contracting agencies and end-clients. Several clients commented that Access.com improves transparency, saves them time and costs on contractor queries, and sets a new standard for international contractor management.
Kofax Connect: Making the First Mile of Business SmarterKofax
With the explosive growth of mobile devices, today's customers desire rapid response from the companies they do business with from the first moments of engagement. This presentation discusses how you can leverage mobile technology during these initial interactions – the First Mile – to gain competitive advantage, streamline business processes, and improve customer response time.
The document discusses 11 reasons why companies will move accounting to the cloud in 2016. It cites studies showing the cloud accounting industry is growing and more users prefer cloud solutions. The main reasons discussed are the ability to access accounting anywhere via mobile, integration with other cloud apps, self-service reporting, automation eliminating manual tasks, real-time collaboration, improved visibility into finances, enhanced security from cloud vendors, scalability as businesses grow, reduced maintenance hassles, and two or more software updates per year from cloud vendors. The presentation is given by an accounting consultant and Intacct partner to promote cloud accounting solutions.
How Financial Engines Drives Business Outcomes Using AppDynamics Analytics - ...AppDynamics
Financial Engines deployed Appdynamics Analytics 4.2 solution to drive business outcomes leveraging the actionable insights they got by correlating between performance and business metrics.
In this session, Ameya Joshi from Financial Engines will share its experience with AppDynamics' out-of-the-box analytics and reporting capabilities.
See how to slice and dice parameters based on customer-specific features and debug into issues where errors are captured. See a demonstration of how to pass in custom user data to build reports and dashboards.
Key takeaways:
o How to capture custom user data via analytics in a multi-client application
o How to capture custom error data via analytics
o How to analyze, debug, and drill down into an issue
o How to build reports and charts out of the analytics
For more information, go to: www.appdynamics.com
A financial services company is facing issues related to client relationship management. They lack a proper system to capture client details and communicate with clients post-financing. Document processing is delayed, frustrating clients and causing some to switch to competitors. Their branch operations are also inefficiently tracked. The company has approached a business analyst to analyze needs and recommend IT solutions.
This webinar provided an overview of Concur for Abila MIP. It discussed how Concur streamlines invoice processing and payment, provides visibility into spending, and can integrate with MIP. Net@Work partners with Concur and can help with setup and connecting Concur to MIP, such as importing charts of accounts, vendors, and invoices into MIP from Concur. The webinar covered Concur features like invoice capture, approval workflows, and payments, as well as dashboard reporting. Attendees were invited to ask questions.
This document discusses challenges facing financial reporting professionals in controlling costs, such as version control issues and a lack of clear timelines. It then reviews best practices like creating detailed timelines early and submitting revisions in bulk. Finally, it introduces the Issuer Direct Blueprint Disclosure Management System, a cloud-based platform that allows SEC filings and collaboration in one interface to help streamline reporting processes.
This document summarizes CloudBooks, an invoicing and billing software for small businesses, freelancers, and mid-size businesses. It offers features like time tracking, expense tracking, recurring invoices, and a mobile app. CloudBooks uses a SaaS-based model starting at $2/month. It aims to simplify the invoicing process and help businesses get paid faster. The document outlines the large potential market size in the US, UK, and Canada and how CloudBooks compares favorably to competitors on price and features to target millions of businesses struggling with inefficient billing.
AP Automation: Making the Case to Automate... It’s About TimePayStream
This document summarizes a presentation about automating accounts payable (AP) processes. It discusses that companies often lack visibility into the true costs of paper-based AP processes. It then outlines what innovative organizations are doing, such as achieving lower average invoice processing costs and capturing more payment discounts. The presentation provides examples of how docSTAR customers automated their AP and saw benefits like reduced processing times and costs. It concludes by offering ways docSTAR can help organizations improve their AP processes through automation solutions.
The document discusses how technology spending can help businesses cut costs and fuel growth during difficult economic times. It notes that while productivity and technology that can drive it are priorities for many small businesses, over half do not view technology as a priority for investment. The document also promotes that applications which help make core business processes more productive offer great opportunities for companies.
This document discusses an editor called Financial Reporter that is designed to help accounting and professional services firms more efficiently prepare financial documents. It notes that the top 6 accounting firms have over $100 billion in combined revenue but still rely mainly on Microsoft Word and Excel, which are inefficient for financial documents that contain lots of text, tables, and require updates from multiple reviewers. Financial Reporter aims to address these issues with features like integrated text and table editing, change tracking, instant formatting, and cloud collaboration. It provides an example of how the software works and estimates that it could save firms around $1,500 per user annually in reduced costs and time spent on document preparation and review. The document outlines the product development progress and notes risks around competition from
This document discusses the need for construction companies to have an integrated software solution to manage their business. It summarizes the benefits of using Sage Master Builder construction software, such as enabling data to flow through the entire project lifecycle, centralized data storage, and real-time project information. It also describes the services provided by CMS Group to help companies select and implement Sage Master Builder, including their experience in the construction industry and commitment to customer support.
Ww idc report the business value of concur invoice (fdm)Shannon Blackwell
Concur Invoice provides cloud-based invoice management software that helps organizations automate invoice processing workflows. An IDC study interviewed 8 organizations using Concur Invoice and found they achieved significant benefits including:
1) Improving business user productivity by 11% on average through mobile access and easier invoice submission and approval.
2) Reducing the time spent on invoice processing tasks by 34% on average through automation and streamlined workflows.
3) Lowering costs by enhancing compliance and avoiding penalties, with estimated annual savings of $511 per 1,000 invoices.
How United is Leading the Pack to Drive Better Business Outcomes - AppSphere16AppDynamics
United, headquartered in Chicago, Illinois, is the world’s largest airline when measured by number of destinations served.
AppDynamics currently manages over 125 mission-critical applications for United, ranging from United.com and mobile apps to internal tools as financial systems, flight planning, and baggage handling. In this session, see how AppDynamics Application Performance Management (APM) and Application Analytics drive better customer experience and business outcomes for United.
Key takeaways:
• Hear why United Airlines decided to add Application Analytics on top of APM.
• Understand how APM and Application Analytics bring IT and business together.
• Learn how United is proactively driving better business outcomes.
For more information, go to: www.appdynamics.com
"Making Accounts Receivable Automation Work for You" Webinar Slide DeckJean-Pierre Foehn
Amalto's latest webinar "Making Accounts Receivable Automation Work for You," primary focus was to help attendees understand what invoice automation truly is and how they should go about the process of automating their Accounts Receivable. Hear host Bryan Pederson, Amalto Operations Director of Northern U.S. and Canada, and special guest Joe McNally, President of JMA Consulting, provide listeners with their own personal experiences of what should and shouldn't be done when considering to automate your Accounts Receivable processes here:http://bit.ly/2nPngSH
Dustin Koehn is a solutions engineer who specializes in tackling complex problems for companies. Some of the key projects he has worked on include implementing backup cellular networks for store locations, e-commerce platforms, document management systems, and managed print solutions. One of his largest projects was helping Atwood Distributing select and implement a SAAS e-commerce solution called ShopVisible. He also led their efforts to achieve PCI compliance within a very tight 90 day deadline by writing policies, establishing training programs, and creating an incident response plan, improving their security posture significantly. Koehn enjoys the challenge of complex projects that can deliver substantial rewards if successful.
Case Study: First Tennessee Bank Delivering Exceptional Customer ServiceMelissa Luongo
First Tennessee Bank selected Cicero software to provide intelligent unified desktop solutions for their customer service operations and throughout their enterprise.
About Habile Technologies:
- An innovative TechFin company bringing digital lending solution all over the globe for the last 13+ years
- Strong focus on Fintech Market (Lending, Supply chain finance, Factoring,etc.) in 9 countries
- Extensive experience in service & product implementation for 50+ financial clients across the globe
About Habile Technologies:
- An innovative TechFin company bringing digital lending solution all over the globe for the last 13+ years
- Strong focus on Fintech Market (Lending, Supply chain finance, Factoring,etc.) in 9 countries
- Extensive experience in service & product implementation for 50+ financial clients across the globe
Access.com provides an innovative web-based compliance system that allows clients to track the real-time compliance status of their international contractors across multiple jurisdictions. It defines compliance rules and processes, transforms them into an online tracking system, and shares compliance information with both contracting agencies and end-clients. Several clients commented that Access.com improves transparency, saves them time and costs on contractor queries, and sets a new standard for international contractor management.
Kofax Connect: Making the First Mile of Business SmarterKofax
With the explosive growth of mobile devices, today's customers desire rapid response from the companies they do business with from the first moments of engagement. This presentation discusses how you can leverage mobile technology during these initial interactions – the First Mile – to gain competitive advantage, streamline business processes, and improve customer response time.
The document discusses 11 reasons why companies will move accounting to the cloud in 2016. It cites studies showing the cloud accounting industry is growing and more users prefer cloud solutions. The main reasons discussed are the ability to access accounting anywhere via mobile, integration with other cloud apps, self-service reporting, automation eliminating manual tasks, real-time collaboration, improved visibility into finances, enhanced security from cloud vendors, scalability as businesses grow, reduced maintenance hassles, and two or more software updates per year from cloud vendors. The presentation is given by an accounting consultant and Intacct partner to promote cloud accounting solutions.
How Financial Engines Drives Business Outcomes Using AppDynamics Analytics - ...AppDynamics
Financial Engines deployed Appdynamics Analytics 4.2 solution to drive business outcomes leveraging the actionable insights they got by correlating between performance and business metrics.
In this session, Ameya Joshi from Financial Engines will share its experience with AppDynamics' out-of-the-box analytics and reporting capabilities.
See how to slice and dice parameters based on customer-specific features and debug into issues where errors are captured. See a demonstration of how to pass in custom user data to build reports and dashboards.
Key takeaways:
o How to capture custom user data via analytics in a multi-client application
o How to capture custom error data via analytics
o How to analyze, debug, and drill down into an issue
o How to build reports and charts out of the analytics
For more information, go to: www.appdynamics.com
A financial services company is facing issues related to client relationship management. They lack a proper system to capture client details and communicate with clients post-financing. Document processing is delayed, frustrating clients and causing some to switch to competitors. Their branch operations are also inefficiently tracked. The company has approached a business analyst to analyze needs and recommend IT solutions.
This webinar provided an overview of Concur for Abila MIP. It discussed how Concur streamlines invoice processing and payment, provides visibility into spending, and can integrate with MIP. Net@Work partners with Concur and can help with setup and connecting Concur to MIP, such as importing charts of accounts, vendors, and invoices into MIP from Concur. The webinar covered Concur features like invoice capture, approval workflows, and payments, as well as dashboard reporting. Attendees were invited to ask questions.
This document discusses challenges facing financial reporting professionals in controlling costs, such as version control issues and a lack of clear timelines. It then reviews best practices like creating detailed timelines early and submitting revisions in bulk. Finally, it introduces the Issuer Direct Blueprint Disclosure Management System, a cloud-based platform that allows SEC filings and collaboration in one interface to help streamline reporting processes.
This document summarizes CloudBooks, an invoicing and billing software for small businesses, freelancers, and mid-size businesses. It offers features like time tracking, expense tracking, recurring invoices, and a mobile app. CloudBooks uses a SaaS-based model starting at $2/month. It aims to simplify the invoicing process and help businesses get paid faster. The document outlines the large potential market size in the US, UK, and Canada and how CloudBooks compares favorably to competitors on price and features to target millions of businesses struggling with inefficient billing.
AP Automation: Making the Case to Automate... It’s About TimePayStream
This document summarizes a presentation about automating accounts payable (AP) processes. It discusses that companies often lack visibility into the true costs of paper-based AP processes. It then outlines what innovative organizations are doing, such as achieving lower average invoice processing costs and capturing more payment discounts. The presentation provides examples of how docSTAR customers automated their AP and saw benefits like reduced processing times and costs. It concludes by offering ways docSTAR can help organizations improve their AP processes through automation solutions.
The document discusses how technology spending can help businesses cut costs and fuel growth during difficult economic times. It notes that while productivity and technology that can drive it are priorities for many small businesses, over half do not view technology as a priority for investment. The document also promotes that applications which help make core business processes more productive offer great opportunities for companies.
This document discusses an editor called Financial Reporter that is designed to help accounting and professional services firms more efficiently prepare financial documents. It notes that the top 6 accounting firms have over $100 billion in combined revenue but still rely mainly on Microsoft Word and Excel, which are inefficient for financial documents that contain lots of text, tables, and require updates from multiple reviewers. Financial Reporter aims to address these issues with features like integrated text and table editing, change tracking, instant formatting, and cloud collaboration. It provides an example of how the software works and estimates that it could save firms around $1,500 per user annually in reduced costs and time spent on document preparation and review. The document outlines the product development progress and notes risks around competition from
This document discusses the need for construction companies to have an integrated software solution to manage their business. It summarizes the benefits of using Sage Master Builder construction software, such as enabling data to flow through the entire project lifecycle, centralized data storage, and real-time project information. It also describes the services provided by CMS Group to help companies select and implement Sage Master Builder, including their experience in the construction industry and commitment to customer support.
4. 4
Concur Fast Facts
• Cloud-based solution for travel, expense, and AP automation
• 22,000 clients; 20 million end-users; 150 countries worldwide
• Over 50% of Concur clients have less than 500 employees
• More than half of the Fortune 500 use Concur
• Fully compliant - SSAE16 Type II, PCI, ISO 20000 & 270001
• Multiple recipient of Forbes’ Most Innovative Small Company
We are the
trusted provider
to the US
Federal
Government
and to many
of the largest
financial
organizations
4
6. 6
How it works…
Take a picture of the receipt
with Concur’s Expenseit app
Report goes through
company workflow
approval process
Quickly and easily reconcile
corporate card statements
Add company-required details such as
Business Purpose, Attendees, or
Job/Project and submit for approvalReceipts are uploaded directly into Concur.
OCR creates cash expense entries or ties
receipts to incoming corp card transactions
(if purchased on a corporate card)
Expenses are uploaded into accounting software
and cash expenses are reimbursed to
employees via Direct Deposit
12. 12
Savings through automation
Overall T&E
spend reduced
by 10-15%
Average time savings per
expense report
33 minutes
Expense
processing costs
reduced by 51%
42% faster
expense
reimbursement
times
Improved travel vendor negotiations by 30-40%
16. 16
What others are saying…
“Zero complaints. It’s fast, easy to use,
and accurate. Concur offers an
attractive solution that employees want
to use.”
Ellen M. Class – Worldwide Controller
Bourns Inc.
“I have an IT background, and
I’ve managed countless tech
implementations. I’ve never
seen anything like this, it was
simply amazing. I have
complete confidence in
Concur.”
Peggy Wilkerson - Purchasing
Manager
Pegasus Solutions
“We began by moving from a manual system to Concur,
and with 2000 reports a year, that was an enormous time
savings. Visibility, savings, compliance…thanks to
Concur, we’ve got it all.”
Erin Tasker – Sr. Accounting Specialist
Acumed
“The implementation of Concur’s travel
solution was the smoothest I’ve
encountered in my nearly 30 years in
T&E and meetings management.”
Ralph Colunga – Director of Global T&E
Salesforce.com
“We have reduced the time it takes
employees to complete an expense report
by 75 percent and have cut the time it
takes to process an expense report by
more than 66 percent. Employee response
has been overwhelmingly positive and
adoption has been exceptional. ”
Rob Dancer – CFO
Educational Data Systems
Editor's Notes
Slide #11 Emotional Pathway- RATIONAL DROWNING
KEY POINT: Many other indirect costs may be hitting your bottom line when using outdated expense reporting processes, such as spreadsheets with paper receipts. Moving to a paperless expense-management solution can help with future cost avoidance including hiring of additional accounting staff.
While processing costs and costs associated with lost productivity are easy to determine there are many areas and hidden costs related to expense reporting that companies don’t take into account.
These ‘lost savings’ include:
Lost sales – how many deals are being missed by sales being taken away from their core tasks… how much could one deal be worth? How much is that in lost revenue over a year?
Non-compliance – best-in-class expense reporting benefits from 87% policy compliance compared to 50% for laggards. Are you able to easily determine if staff are following your expense policy? Maybe you don’t have an expense policy in place.
Limited visibility into spend to make smarter decisions – With lack of visibility into spend there is a missed opportunity for savings. What decisions could you act on quickly if you could have access to spend data reports in minutes? Imagine how different it would be preparing for an audit. Much less stressful, that is for sure.
Reallocating or Hiring additional AP staff – imagine being able to avoid the cost of hiring additional AP staff to manage expense reporting or being able to reallocate current staff to more strategic initiatives that you may have on the back burner due to lack of resources.
Paper storage – the amount of space and resources to manage
What other indirect costs are hitting your bottom line by not moving to a more streamlined efficient expense reporting process? What other cost avoidance measures are you missing out on?
Emotional Pathway- OUR SOLUTION
Concur’s best practices, certifications and attestations ensure client information is safe and protected and services are available and perform properly
We are the trusted provider to the US federal Government and to many of the largest financial organizations
The Concur® Trust Platform is founded on two key elements essential to any business: good security and service management. Using industry best practices, Concur operates a framework of audited processes and controls that help protect client information from unauthorized access and ensures Concur’s online services operate to meet customers’ demand. In addition to state-of-the-art technology and hosting facilities, the Concur Trust Platform relies on a unique combination of trained personnel, mature business processes, and frequent audits against a variety of international and U.S. standards to deliver a level of security and confidence unmatched in the industry.
Question: Will the audience know what ISO 27001 is? If not, an intro into what it is/what it means would be helpful.
Since ISO 27001 is best practice and is considered a hallmark of extremely good information security, working with a company who are ISO 27001 accredited gives you reassurance that they’re looking after your data extremely well. ISO 27001 is a voluntary certificate, so companies don’t have to have it, and it does cost a company to invest in pursuit of the certificate. If a company has taken the time and resources to gain this certificate then you can be confident that they take information security seriously.
Slide #11 Emotional Pathway- RATIONAL DROWNING
KEY POINT: Many other indirect costs may be hitting your bottom line when using outdated expense reporting processes, such as spreadsheets with paper receipts. Moving to a paperless expense-management solution can help with future cost avoidance including hiring of additional accounting staff.
While processing costs and costs associated with lost productivity are easy to determine there are many areas and hidden costs related to expense reporting that companies don’t take into account.
These ‘lost savings’ include:
Lost sales – how many deals are being missed by sales being taken away from their core tasks… how much could one deal be worth? How much is that in lost revenue over a year?
Non-compliance – best-in-class expense reporting benefits from 87% policy compliance compared to 50% for laggards. Are you able to easily determine if staff are following your expense policy? Maybe you don’t have an expense policy in place.
Limited visibility into spend to make smarter decisions – With lack of visibility into spend there is a missed opportunity for savings. What decisions could you act on quickly if you could have access to spend data reports in minutes? Imagine how different it would be preparing for an audit. Much less stressful, that is for sure.
Reallocating or Hiring additional AP staff – imagine being able to avoid the cost of hiring additional AP staff to manage expense reporting or being able to reallocate current staff to more strategic initiatives that you may have on the back burner due to lack of resources.
Paper storage – the amount of space and resources to manage
What other indirect costs are hitting your bottom line by not moving to a more streamlined efficient expense reporting process? What other cost avoidance measures are you missing out on?
Slide #11 Emotional Pathway- RATIONAL DROWNING
KEY POINT: Many other indirect costs may be hitting your bottom line when using outdated expense reporting processes, such as spreadsheets with paper receipts. Moving to a paperless expense-management solution can help with future cost avoidance including hiring of additional accounting staff.
While processing costs and costs associated with lost productivity are easy to determine there are many areas and hidden costs related to expense reporting that companies don’t take into account.
These ‘lost savings’ include:
Lost sales – how many deals are being missed by sales being taken away from their core tasks… how much could one deal be worth? How much is that in lost revenue over a year?
Non-compliance – best-in-class expense reporting benefits from 87% policy compliance compared to 50% for laggards. Are you able to easily determine if staff are following your expense policy? Maybe you don’t have an expense policy in place.
Limited visibility into spend to make smarter decisions – With lack of visibility into spend there is a missed opportunity for savings. What decisions could you act on quickly if you could have access to spend data reports in minutes? Imagine how different it would be preparing for an audit. Much less stressful, that is for sure.
Reallocating or Hiring additional AP staff – imagine being able to avoid the cost of hiring additional AP staff to manage expense reporting or being able to reallocate current staff to more strategic initiatives that you may have on the back burner due to lack of resources.
Paper storage – the amount of space and resources to manage
What other indirect costs are hitting your bottom line by not moving to a more streamlined efficient expense reporting process? What other cost avoidance measures are you missing out on?
Emotional Pathway- OUR SOLUTION
Get insight into your spend:
Easy-to-use on-demand data analysis and reporting capabilities transform raw expense data into useful information that helps drive decision making
Detailed reporting reconciles data from multiple sources; it gives you a complete view into your expense information.
For example, if you look at the Top Spenders by Vendor, you can see that there’s a huge spend with Hertz – might be a good time to negotiate lower rates.
The result is actionable intelligence that puts you in control to negotiate better deals with suppliers you use most. With Concur, you have clear insight into how your company and employees spend their travel and expense budgets.
Emotional Pathway- OUR SOLUTION
Get insight into your spend:
Easy-to-use on-demand data analysis and reporting capabilities transform raw expense data into useful information that helps drive decision making
Detailed reporting reconciles data from multiple sources; it gives you a complete view into your expense information.
For example, if you look at the Top Spenders by Vendor, you can see that there’s a huge spend with Hertz – might be a good time to negotiate lower rates.
The result is actionable intelligence that puts you in control to negotiate better deals with suppliers you use most. With Concur, you have clear insight into how your company and employees spend their travel and expense budgets.
Emotional Pathway- OUR SOLUTION
Get insight into your spend:
Easy-to-use on-demand data analysis and reporting capabilities transform raw expense data into useful information that helps drive decision making
Detailed reporting reconciles data from multiple sources; it gives you a complete view into your expense information.
For example, if you look at the Top Spenders by Vendor, you can see that there’s a huge spend with Hertz – might be a good time to negotiate lower rates.
The result is actionable intelligence that puts you in control to negotiate better deals with suppliers you use most. With Concur, you have clear insight into how your company and employees spend their travel and expense budgets.
Slide #11 Emotional Pathway- RATIONAL DROWNING
KEY POINT: Many other indirect costs may be hitting your bottom line when using outdated expense reporting processes, such as spreadsheets with paper receipts. Moving to a paperless expense-management solution can help with future cost avoidance including hiring of additional accounting staff.
While processing costs and costs associated with lost productivity are easy to determine there are many areas and hidden costs related to expense reporting that companies don’t take into account.
These ‘lost savings’ include:
Lost sales – how many deals are being missed by sales being taken away from their core tasks… how much could one deal be worth? How much is that in lost revenue over a year?
Non-compliance – best-in-class expense reporting benefits from 87% policy compliance compared to 50% for laggards. Are you able to easily determine if staff are following your expense policy? Maybe you don’t have an expense policy in place.
Limited visibility into spend to make smarter decisions – With lack of visibility into spend there is a missed opportunity for savings. What decisions could you act on quickly if you could have access to spend data reports in minutes? Imagine how different it would be preparing for an audit. Much less stressful, that is for sure.
Reallocating or Hiring additional AP staff – imagine being able to avoid the cost of hiring additional AP staff to manage expense reporting or being able to reallocate current staff to more strategic initiatives that you may have on the back burner due to lack of resources.
Paper storage – the amount of space and resources to manage
What other indirect costs are hitting your bottom line by not moving to a more streamlined efficient expense reporting process? What other cost avoidance measures are you missing out on?