Manage all your business travel expenses, from booking to reporting to tax compliance, with a single solution
When employees travel for business purposes, expenses like airfare, accommodation, transportation, and meals can add up quickly. Travel and expenses make up an average of 10% of the total business budget, so it’s crucial to have complete and accurate information about travel expenses so your organisation can take advantage of smart spending strategies, savings, and tax deductions. Does your current business travel solution help you manage flight booking and hotel bookings from multiple distribution systems; enforce your travel policy, and build digital expense claims on the go? And can the business access reports on key performance indicators? An automated solution can help streamline these tasks. Automation improves your business travel management and lets you:
Make expense reports easy to file and quick to reimburse
With Concur Expense features like e-receipts, linked purchasing cards, and the ability to photograph physical receipts for automatic insertion into expense claims, users can easily track business travel expenses with reports that virtually write themselves. And with automatic payment, you can instantly calculate expenses incurred and speed up reimbursement payments.
Keep your employees safe wherever they travel with Concur Locate
You have a legal obligation to keep your employees safe when they travel for business purposes. Concur Locate alerts you to potential risks, keeps you connected in the event of a crisis, and empowers you to help employees with on-the-ground assistance. It allows you to ensure your employees are secure without the expense of operating and maintaining your own security infrastructure.
Manage travel-related deductions and compliance with global tax regulations
It’s challenging to navigate tax issues for both domestic and global travel. It’s more than simply having to deduct travel expenses from a business trip. Does your expense solution know which purchases are tax deductible, or how to correctly reclaim VAT? With SAP Concur, you can connect to apps that manage tax compliance and claim tax relief wherever users travel.
You may have a long-standing system for managing your travel expenses. But as your business grows and your workforce and travel needs evolve, it may be time to reassess how you manage travel and process expenses that include transportation, lodging, and meals.
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Business travel expenses make up an average of 10% of businesses’ budgets, so it’s well worth the effort to examine your current processes. Is it time to upgrade your system to increase automation? Are you claiming the correct tax deductions for business? Start your assessment with these three strategies: