This ebook outlines Phoenix’s approach on how to overcome manual expense challenges. It highlights the shift in Employee-Initiated spending and shows how SAP Concur can help in this area
According to JP Morgan (Corporate Card Benchmarking Survey), business travel expenses are the second most relevant indirect cost item (after Payroll). This expense represents roughly 10%-12% of annual budgets and yet, it is often neglected. Studies have shown that Travel and Expense costs can be reduced between 5%-20% if companies implement a tool that optimizes travel policy governance.
Phoenix Business Consulting helps businesses and government entities achieve these cost savings through the smart implementation of SAP Concur. SAP Concur, delivered through SaaS, provides the tools required to control costs, spot concerns, and help redirect resources to where the organization uses them most.
Phoenix can integrate SAP Concur with any ERP or any SAP on-premise (ECC or S4HANA) or cloud solutions (S/4HANA Cloud or Business ByDesign). Through Phoenix’s expertise in SaaS solution integration, our deployment makes use of industry best practices, organization change management, customized training and automated testing. Implementing Concur, through our tried and testing methodology may reduce travel processing costs by as much as 83% and cut back on user errors when everything is move to production.
TIME AND COST SAVINGS
Restructuring your travel and spend management processes on a single, integrated solution creates a straightforward way to reduce paper, cut errors, and promptly regain control.
Unify all of your disparate travel and expense data and processes into a seamless solution that follows the workflow from pre-travel, travel, post-travel stages.
Capture total spend data in one, single-view solution and productively manage and forecast budgets, and control fraud, waste, and abuse.
CONTROL YOUR SPENDING
Concur® Expense sheds light into total Cost Center spending down to the transaction level, so you can manage budgets more effectively, forecast more accurately, and achieve compliance with regulations and policies.
IMPROVE YOUR BUDGET DECISIONS MAKING WITH ACTIONABLE INSIGHTS.
You can capture and consolidate data for a holistic view of staff spending across the organization. Intelligent dashboards provide insights that are easy to understand, comprehend and act upon, so you can ground your decisions on the latest and comprehensive picture of financial data.
LESSEN THE RISK OF FALSE AND FRAUDULENT PAYMENTS.
With tight budgets, you can’t afford improper spending. Concur® uses AI to audit 100% of expense reports, spot errors, and flag potential problems before reimbursement.
CONNECT TO MORE TRAVEL CHOICES AND ALL YOUR TRAVEL SPENDING.
Concur® Travel integrates travel content from multiple sources and connects you to every travel dollar your staff spend – wherever and whenever its incurred – creating a single, scalable way to manage and track your travel.
REDUCE PADDED MILEAGE REPORTS
SAP Concur® can monitor and reimburses actual distance driven using mobile tools, so you can reduce intentional or unintentional fraud, waste, and abuse.