10 Benefits of Concur Invoice: Automate accounts payable (AP) and take control of spending

What is Concur Invoice and how can it transform your business?
Concur Invoice is a cloud-based accounts payable (AP) automation solution designed to help businesses streamline their invoice management process, reduce manual errors, and gain full visibility into company spend. Whether you're a small business or a growing enterprise, Concur Invoice helps eliminate inefficiencies and enhance compliance across the board.

In this blog, we explore the top 10 benefits of using our invoice management solution and why it’s a smart investment for forward-thinking finance teams.

1. Streamline AP workflows

Concur Invoice ensures consistent rules apply for every invoice, automating approval flows and ensuring only the right people are alerted when action is required. The result? A 29% improvement in invoice capture times¹ and a more efficient AP function that reduces manual bottlenecks and improves visibility.

2. Improve spend control

Tracking every penny of spend is essential in today’s economic climate. Concur Invoice provides visibility into the full purchase-to-payment lifecycle. Enhanced by tools like Purchase Request, businesses can track and control costs at every stage. On average, Concur Invoice customers save £32,000 annually² by reducing uncontrolled or unapproved spend.

3. Spot duplicate invoices with three-way matching

Avoiding duplicate or inaccurate payments is critical to maintaining a healthy bottom line. Concur Invoice uses three-way matching, comparing purchase orders, invoices, and receivables. This improves accuracy, strengthens audit readiness, and reduces the risk of overpayment—giving finance teams greater peace of mind.

 

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4. Enable remote and hybrid working

In a hybrid working world, flexibility is vital. As a cloud-based invoice solution, Concur Invoice allows finance and AP teams to manage invoices, approvals, and reporting from anywhere. This ensures business continuity while freeing up time for higher-value activities—especially when working remotely.

5. Increase team productivity

Manual data entry is a thing of the past. AI-powered Invoice Capture technology automatically extracts data from digital and paper invoices, giving full visibility of all documents in the system. Finance and AP teams can reclaim up to 134 hours of work per week ³, focusing on analysis and strategy instead of admin.

6. Avoid late payments and strengthen supplier relationships

Late payments can damage supplier trust and your organisation’s reputation. Concur Invoice helps teams track invoice status in real time, avoiding overdue payments and ensuring compliance with regulations like the UK’s Duty to Report on Payment Practices and Performance.

7. Mitigate financial and fraud risk

Accurate, real-time data is key to spotting fraud and avoiding financial loss. With Concur Invoice, invoice data is pulled directly from source—reducing errors, creating a secure audit trail, and helping to detect issues like duplicate payments, fraud, or non-compliant transactions. It's a smart way to stay protected, especially when HMRC or Revenue pay you a visit.

8. Simple, remote-friendly implementation

Cloud deployment means fast, straightforward implementation—no heavy IT lift required. Web and mobile tools make onboarding easy, while automatic updates keep the platform running smoothly. If you're already using  Concur Expense or Concur Travel, the interface is familiar, minimising training time and boosting user adoption.

9. Scale easily as you grow

As your business expands into new markets or regions, invoice volume and complexity grow too. SAP Concur provides scalable solutions  designed to grow with your organisation—supporting multiple currencies, languages and tax codes with ease.

10. Enable seamless auditing with Concur Audit

As part of the SAP Concur platform, Concur Audit slots seamlessly into your Concur Expense and Concur Travel solutions. Onboarding is straightforward too, so you can get up and running quickly and achieve confidence in your compliance. Every claim is checked, on average, in no more than 48 hours.

Final thoughts: Why choose Concur Invoice?

From invoice capture and approvals to fraud prevention and compliance,  Concur Invoice gives businesses total visibility and control over their accounts payable processes. Whether you're improving cash flow, enabling hybrid work, or preparing for international growth, Concur Invoice is the digital solution your finance team needs. Take control of your accounts payable process!

Ready to automate your invoice management and boost productivity?

Request a demo today or watch our on demand demo.