Concur stories

ERP systems can help consolidate data and create faster cash flow to support the expenses businesses need to pay.

Concur has come up with three important questions (including a breakdown of each one) CIOs should ask their teams to get a quick win.

SMBs can implement change quickly because they don’t tend to have long approval processes or multiple layers.

Concur has inked its first every distribution deal – signing Nextgen Distribution in an ANZ wide deal.

​Qualtrics recently announced the appointment of John Torrey as head of corporate strategy, corporate development and business development.

Automated technologies can track spending and analyse attributes, and then identify anomalies and patterns in employee expense reports.

Where overspend occurs, managers should ensure those responsible can justify their actions and, if necessary, educate them appropriately.

Finance departments struggle with expenses process due to paper receipts and spreadsheets, says SaaS firm Concur. Five tips offered to regain control.

Information is pouring into companies faster, so businesses are drowning in a flood so great it has become known as the ‘data lake’.

While business expenses might seem like an ongoing (and outgoing) necessity, there are ways in which firms can capitalise on business expense data.

Concur says that data blind spots can occur when internal travel and expense management (TEM) systems don’t allow for easy monitoring and measurement.

Whether travelling for work or leisure, even the most seasoned travellers can fall victim to common scams.

Businesses can achieve stronger cash flow by gaining visibility into expenditure and automating spend management, says Concur.

Concur predicts streamlining and cost-cutting will be key for SMEs in 2017 as they invest in efficient solutions to remain competitive.

Significant amount of Australian and New Zealand companies are still using traditional, paper-based methods.

CFO roles are broadening, with many stepping into the role of CEO; technology and automation are also impacting their responsibilities.

Growing businesses need to move away from spreadsheet software like Microsoft Excel for expense tracking, says Concur.

Employers' duty of care obligations need to be more closely managed as employees become more autonomous and book more business travel.

According to a recent survey, the majority of Australians are still submitting paper receipts, costing businesses time and money. Automating expense systems could save Australian SMBs up to $44,000 per year.

Manual expense processes can waste time and money, warns Concur, urging organisations to be cautious. Using spreadsheets can lead to non-compliance and lack of transparency, says managing director Matt Goss.

Manual accounts payable (AP) processes are inefficient, costly and increase the risk of inaccurate payments that are not compliant, so why risk it?.

Employees could avoid the end-of-financial-year panic by accurately recording their expenses throughout the year, says Concur's director of business development.

Finance directors and CFOs face growing responsibilities and risk burnout unless processes are automated, says Concur.

Businesses at risk of invoice fraud due to increase in email fraud, lack of automated invoice software, warns Concur.