how to create an expense policy?

What is SAP Concur?

SAP Concur is a travel and expense management software designed to simplify and streamline business travel and expense processes. It provides a centralized platform for managing travel bookings, expense reporting, and invoice processing. SAP Concur aims to help organizations reduce costs, improve compliance, and gain visibility into their travel and expense data.

Who is it for?

SAP Concur is for businesses of all sizes and industries that require an efficient way to manage travel and expenses. It is suitable for companies with employees who frequently travel for work and need to track and report their expenses. SAP Concur is designed for finance departments, travel managers, and employees who are involved in travel booking, expense reporting, and invoice processing.

How does SAP Concur work?

SAP Concur works by integrating with travel booking systems to capture travel itineraries and expenses. Users can book travel accommodations, flights, and rental cars through the platform, which automatically captures the relevant information. Expenses can also be easily entered or imported from credit card statements. SAP Concur provides features for managing expense categories, tracking receipts, and enforcing expense policies. The platform enables users to submit expense reports, which can then be reviewed, approved, and processed for reimbursement. SAP Concur also offers functionality for managing vendor invoices and automating the accounts payable process.

How is SAP Concur used?

SAP Concur is used by businesses to simplify and automate travel and expense management. Users start by setting up their SAP Concur account and configuring the platform with their travel policies and expense categories. Employees can then book travel arrangements through the platform, which captures the relevant details. They can enter or import their expenses and organize them into expense reports. Managers or finance teams can review and approve expense reports, ensuring compliance and accuracy. SAP Concur provides reporting and analytics capabilities to gain insights into travel spending, identify cost-saving opportunities, and ensure policy compliance.

See a quick interactive demo about SAP Concur