Spend Management Automation Beyond No Other

How Do You Control Spend and Maximize Profitability?

Keeping track of expense, travel and invoice spend can be difficult. In today’s modern workforce, the way in which your organization’s cash flow is controlled has shifted. Emerging technologies and new payment channels have allowed employees to take charge of how, when and on what your organization’s budget is being spent.

Processing expense reports is not anyone’s ideal way to spend the day – especially if your organization still uses a manual solution. Are employees tracking down paper receipts or manually entering data into spreadsheets? Tasks like these are repetitive and cumbersome.

When it comes to investing in technology to automate your expense, travel and invoice processes– or, better still, to look at seamlessly connecting all three – it is natural to ask: Why? What is the benefit?

Here are four (4) risks that can be minimized by connecting and automating your spend management processes:

1. Limited Visibility and Uncontrollable Costs Are you confident that you have full visibility over all the expenses being submitted, trips being planned and invoices being processed by your employees?
2. Falling Foul of Compliance or Regulatory Requirements Is your business fully compliant with rapidly changing legal and regulatory measures? And are you confident you have everything in place to effectively manage the risks of fraud and financial crime?
3. Failing in Your Duty to Care for Your Employees Can you instantly locate, communicate with and support your employees travelling on business anywhere, at any time? Especially when they’ve asked for immediate advice?
4. Missing the Strategic View and Losing Your Competitive Edge Do you have the tools, reporting and insights you need to help your organization retain its competitive edge – rather than having to play a reactive, fire-fighting role?

Imagine managing all your Finance processes in the cloud while strengthening your local compliance. Leverage your financial data to create usable business insights for the business.
How can you go from reactively managing your employee-initiated expenses to proactively saving your organization’s money?

Concur Helps You Run A Smarter Business

The travel and expense process can be a mess, but now there is a better way. With Concur, you can automate, manage and simplify your travel and expense process in one integrated system. It integrates modern technology with an easy-to-use expense management platform, helping reduce the time and cost of processing expense reports, unite disparate spend sources, and adapt to regulatory changes. For a moderate investment, empower your employees with the strategic tools they need to be productive and proactively manage your organization’s expenses.

NTT DATA has partnered with SAP Concur as the global leader in travel and expense management to help businesses do more efficiently.