Concur news 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.

“Implementing an expense management plan is the most useful way organisations can manage employee expenses and ensure appropriate compliance.”

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.

“This is a real business transformation and Concur is providing a strong framework.”

“The use of automated expense management software enables businesses to see the status of employee expenses in real time."

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

“As well as being more involved in overarching business operations, CFOs have a greater responsibility for IT."

"As an organisation grows or expands operations, the limitations of spreadsheets quickly become apparent."

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

“Supporting employees with better expense management tools can make a significant impact when it comes to efficiency and productivity."

"Using manual processes to manage employee expenses can be a waste of time and money."

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

“Automated technology is making it easier for employees to track expenses and claim tax refunds or company reimbursement."

"Businesses must streamline and automate time-intensive processes, so that executives can instead focus on critical to strategy."

“It is important for businesses to be vigilant, review their invoicing procedures and regularly monitor invoices to avoid this type of fraud.”