Travel and Expense
Small Business, Big Benefits With SAP and SAP Concur
Exceptional employee experience, cost control, compliance and growth are top priorities for any organisation, regardless of size. But when you think about multinational software giants like our parent company SAP, you could be forgiven for thinking its interest and expertise lies only with enterprise customers. This in turn could make you assume that SAP Concur solutions are not suitable for your small to medium sized business (SMB).
Myth busting time! SAP and SAP Concur are equally attuned to the objectives and challenges of SMBs and large organisations. In this blog we’ll explain why.
What Does It Mean To Be Part of SAP?
SAP has its finger on the pulse of the key pressures facing SMBs, which is why SMBs make up eighty percent of its business. Offering solutions for finance, operations, HR, and sales, SAP knows that moving fast, adapting quickly and facing up to new competitors are issues that resonate just as much with SMBs as they do with enterprises.
When it comes to the finance function, spend management is a universal concern. Whether it’s attracting new customers, improving employee experience, increasing profits, tackling compliance or launching innovative new products, controlling spend underpins the success or failure of most initiatives.
With the strength, credibility and experience of SAP behind them, SAP Concur solutions draw on rich business expertise and robust technological experience to help SMBs achieve their goals. With such a solid foundation, you will know your finances are in safe hands.
Why SAP Concur Solutions?
Join the 48,000 customers worldwide in choosing SAP Concur solutions and have a single cloud platform to manage all employee spending, expert user support and a wide range of system integrations.
Who Uses SAP Concur Solutions?
You might think an automated spend management platform is only for large enterprises, but that’s a myth too. SAP Concur solutions are as relevant, beneficial and transformative for SMBs as they are to larger enterprises. In some cases, even more so.
Our company values ensure we’re committed to all our customers and recognise that every business is unique. We understand that for you, even the smallest rekeying error or delayed reimbursement can have a significant impact and can easily spiral into much bigger issues.
We know that the resources needed to manually process expenses, ensure every claim is legitimate, within policy and reimbursed on time, creates a dent in an SMB’s bottom line. That’s before we go into the cost of fraud and missed VAT reclaim opportunities. But don’t worry, we’ve got all of this covered for you.
And don’t just take our word for it – the SAP Concur reviews speak for us. In the recent G2 Grid Report for Expense Management, more than 5000 of our users ranked SAP Concur as a leading expense management solution.
What’s the Best Way To Manage Expenses for Small Businesses?
Your finance team are sitting on a wealth of spend data that could potentially unlock valuable insights to help increase your profitability. Our cloud-based solutions speed up review, processing, payment and auditing to increase efficiency, backed up by research which found that SMBs using Travel and Expense (T&E) can potentially save £24,000 annually.
When your employees travel (93% of SMBs have employees that travel for work) they are incurring expenses, such as hotel bookings, meals, car hire, flights and train tickets. Concur Expense integrates all your expense data, so you can capture spending from multiple sources and make decisions based on accurate data. Concur Travel simplifies the booking experience, increases compliance and controls your company costs.
By choosing Concur Invoice you can reduce the hours, effort and costs of your accounts payable team – from purchase request to invoice capture and payment.
SAP Concur solutions are created to be as flexible as you are. You can select from our portfolio of mobile apps, add to these as required and configure settings for your own needs.
Four Ways SMBs Benefit From SAP Concur Solutions
1. Reduce waste and fraud
A business comprised of 250 people who all create expense reports could be looking at an annual loss of over £13,000. SAP Concur solutions assist in preventing fraud and other security risks by automating much of your expense workflows and fraud detection services.
2. Hybrid and remote working
Hybrid working allows employees greater flexibility, letting them accomplish tasks while on the road or from multiple devices. SAP Concur solutions enable your team to submit and approve expenses wherever they might be, including automated mileage tracking with Concur Drive.
3. Employee satisfaction
Retaining talent is a significant challenge for businesses with less than 1,000 employees. Bogging down employees with laborious expense claims and then leaving them waiting too long to be reimbursed negatively impacts productivity and trust. SAP Concur solutions empowers your staff, simplifies your process, eliminates inefficiencies and helps keep everyone in your company happy.
4. Make smarter decisions
For an SMB, it’s essential to be able to pivot quickly. With SAP Concur solutions, you can instantly look at how much your company is spending, what it’s spending it on and even predict your spending patterns. With Business Intelligence and Consultative Intelligence, you can run reports to find out everything you need to know.
Don’t Stick to the Spend Management Status Quo
So now you know that SAP Concur solutions are for everyone, and some of the ways they can transform your small business, you might be concerned about a lengthy onboarding process. There’s no need. Our company culture and customer service means we’re committed to making life easier for you. You’ll have access to our range of support services, including a 24/7 help desk. You can also join our SAP Concur Community, where customers and experts come together to share insights and training.
Far from being out of reach for SMBs, SAP Concur is right with you every step of the way. With solid business and technology expertise behind us, in the shape of SAP, and our experience in spend management, we support innovation and stability today while preparing you for whatever you’ll face tomorrow.
For more on how SAP Concur solutions can support your SMB visit Concur.co.uk/small-business and to discover SAP’s extensive solution suite for SMBs visit SAP.com /smebusinesssoftware.