Control Company Costs

Brains, Bicycles, and Big Businesses: 9 Surprising Myths

Naomi Hamlin |

Ever been told that you’ll see better at night if you eat more carrots? Or that cows lie down when they know it’s going to rain? 

We’ll probably never know how rumours become myths which we believe as facts. For example, Mount Everest isn’t actually the tallest mountain on Earth. From base to peak, Mauna Kea in Hawaii is the tallest at 33,500 ft, compared to Everest’s 29,029 ft. 

The carrot myth supposedly came from World War Two propaganda to promote the idea that the British diet provided superior eyesight during blackouts. And cows? They just like to take the weight off their hooves when they’re chewing the cud.

 

Think you can’t claim mileage when you ride your bicycle? Think again!

Ever wanted to claim mileage for cycle travel? Despite what you might have heard, you CAN claim mileage on your bicycle journeys with SAP Concur. This is great news as, according to the UK Government’s Department for Transport, cycle travel in the UK rose by 45.7% from 2019 to 2020. 

SAP Concur Conversations podcast: Mythbusting

Listen to our podcast to learn what makes SAP Concur more than just an expense management solution.

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There’s also a rumour going around that SAP Concur is only an expense platform.

We’re so much more than that. We actually have three key pillars of expertise, all supported by our ecosystem of partners, intuitive app, and large suite of specialist solutions:

  • Concur Travel helps you bring all your travel and booking data together into one streamlined platform. 

  • Concur Expense lets employees capture receipts and submit claims in real time. 

  • Concur Invoice automates and streamlines the AP process. 

Succeeding with SAP Concur Spend Management Solutions

Sandra and her team spend every day juggling a multitude of finance tasks, from managing travel budgets to processing invoices and expense reports. Find out how SAP Concur helps Sandra succeed.

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​When it comes to businesses, we often hear opinions expressed as fact and it becomes hard to know what to believe. Let’s break down three common business myths:

1. Big businesses don't care about the environment

According to a study by BSR/Globescan, 84% of European business leaders believe sustainability needs to influence core business activities. To help leaders achieve this, we built a quiz that helps you assess the sustainability of your existing travel program compared to your others in your industry. 

We can also help you on your journey to a more responsible travel programme. As SAP Concur’s Matt Clementson points out, “it’s the small things that add up — whether it is taking the train instead of a flight, or establishing a paperless process — there are many small ways to make business travel more sustainable”.

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2. Successful businesses don’t miss a trick

Businesses in the UK actually miss out on 54% of the VAT they can reclaim on travel and expense costs. That’s a lot of cash. Concur Tax Assurance by VATBox uses AI and machine learning to both identify and optimise reclaim potential, making it easier for you to take control of spending.

 

3. There’s no way my business will be affected by fraud

The ACFE found that 22% of workplace fraud cases resulted in losses of more than $1 million. Concur solutions improve visibility, and control, of one of your top financial line items – travel and expense. 

Think you know SAP Concur? Think again!

Discover how connecting spend equips you to: manage cashflow, avoid and manage risk, gain actionable insights, and enhance the employee experience.

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We’ll leave you with one last myth. Have you ever heard the one about how we only use 10% of our brains? Well, that’s not quite true. In fact, neurologist Barry Gordon says humans "use virtually every part of the brain".

That means we’re all operating at peak performance and there’s no secret to unlocking more brain power. Thankfully our powerful automation solutions, easy-to-use app, and partner ecosystem can give your brains some extra assistance when it comes to managing your spending processes.  

 

 

 

 

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