Cons

• Complex User Interface
• Cost Concerns

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Product Review

SAP Concur distinguishes itself with its cloud-based and mobile system that manages the entire expense process from spend requests to reconciliation, offering complete visibility into total spend and transparency to see every detail of each transaction. Its ability to connect different pieces and partners of an expense ecosystem into a single platform is a significant advantage.

Here are some of its key features: 

• Expense Management: Allows tracking of employee expenses to make cost-effective decisions, including features for employee expense reporting and corporate card reconciliation​​.
• Payment Management: Offers management of payments across various forms of finance/accounting software, customizable approval policies, financial document management, payment status tracking, duplicate bill detection, and advanced OCR for automatically importing information from documents​​.
• Travel Management: Integrates travel spend with expense management, providing a seamless experience for booking and managing corporate travel​​.
• Invoice Management: Streamlines the process of managing invoices, from receipt to payment, including three-way match and purchase request features​​.
• Integrations: SAP Concur offers a wide range of integrations with other software, including ERP systems, accounting software like QuickBooks and Xero, and other SAP products, facilitating a unified management experience​​.

Best for: Businesses with Significant Travel Expenses

SAP Concur is recommended for large enterprises and multinational corporations seeking an all-encompassing expense management solution with extensive global capabilities, integration options, and compliance features. Its robust platform supports a wide range of business processes, from travel bookings to expense reporting, and offers deep integration with SAP’s ecosystem and other enterprise resource planning (ERP) systems, facilitating complex financial workflows and data analysis. 

While SAP Concur’s comprehensive functionality and scalability are unparalleled for large organizations, its complexity and cost may not be justified for small businesses or those with simpler expense management needs. Therefore, it’s most beneficial for larger entities requiring a sophisticated, integrated expense management ecosystem, whereas smaller operations might seek more straightforward and cost-effective alternatives.

Why we love it:

• • Comprehensive Expense Management: SAP Concur offers a robust platform for tracking and managing employee expenses, enabling companies to make more cost-effective decisions and streamline expense reporting processes​​.
  • Seamless Integration Capabilities: The software integrates seamlessly with a wide array of ERP, accounting, and travel systems, facilitating a unified management experience across financial processes​​.
  • Advanced Payment Management Features: Features such as customizable approval policies, financial document management, and advanced OCR for document importation, ensure efficient and accurate payment processing​​.
  • Mobile and Cloud-Based Solution: With its mobile app and cloud-based deployment, SAP Concur offers flexibility and accessibility, allowing users to manage expenses and travel anytime, anywhere​​.

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