10 benefits of Concur Expense: Smarter expense management for growing businesses

What is Concur Expense, and why does your business need it?

Concur Expense is a cloud-based expense management solution that automates the process of capturing, submitting, approving, and auditing employee expenses. Designed to simplify compliance, improve visibility, and reduce admin burden, it’s the go-to choice for businesses seeking greater control and smarter spend management.

In this blog, we’ll explore the top 10 benefits of our expense management solution and how it can make managing expenses easier for your business.

1. Increase efficiency by up to 36%

Manual data entry is time-consuming and prone to errors. Concur Expense integrates with travel booking systems, corporate credit cards, and other data sources to automate the entire expense reporting process. This can boost processing efficiency by up to 36%¹, giving your teams more time to focus on strategic tasks instead of paperwork.

2. Enhance expense policy compliance

Non-compliance with corporate spending policies can lead to unnecessary costs and could result in fines that damage your bottom line, and your reputation. With Concur Expense, policies can be embedded directly into the system. Employees are automatically alerted when submissions exceed limits or are out of policy, and updates to expense rules can be made swiftly to stay in line with changing regulations.

3. Minimise financial risk with accurate data

Accurate financial data is essential for audit readiness and tax reporting. Concur Expense pulls real-time feeds from travel suppliers and corporate card providers, creating a reliable and verifiable audit trail. This reduces the risk of errors, fraud, or penalties during audits or inspections.

4. Apply expense rules fairly and consistently

Different team members may have varying expectations around what constitutes acceptable expenses—especially in diverse or growing companies with new employees. SAP Concur ensures that your organisation’s expense rules can be applied consistently to everyone, regardless of location or role. This reduces confusion and makes it easier to spot policy breaches or fraud.

5. Gain real-time visibility into spend

With digital expense tracking, finance managers gain instant access to all submitted, pending, and approved claims. This real-time visibility helps with cash flow forecasting, identifying spend anomalies, and making informed budgeting decisions across departments.

6. Boost productivity with mobile expense management

The SAP Concur mobile app lets employees capture receipts, submit claims, and manage approvals from anywhere. By enabling on-the-go submissions—such as photographing and uploading receipts immediately—employees spend less time on admin and more time on valuable work.

7. Create a single source of financial truth

Concur Expense integrates seamlessly with most ERP, CRM, HR, and accounting systems. This creates a unified platform where all expense data lives in one place, providing finance teams with a timely and accurate overview of company spend and helping to speed up month-end processes.

8. Implement quickly with minimal IT overhead

As a cloud-based solution, SAP Concur is easy to deploy. There’s no need for major infrastructure investment, and mobile/web-based tools ensure fast adoption. Businesses can start seeing return on investment (ROI) quickly—up to 628% within three years ². SAP Concur manages maintenance and functionality upgrades too.

9. Scale easily as your business grows

Expansion often brings more employees, more currencies, and more complex tax and compliance issues. Concur Expense is scalable and global-ready, supporting multiple countries, languages, and regulatory environments—so you can grow with confidence.

10. Seamlessly integrate travel and expenses

When business travel and expense processes are connected, the result is a fully integrated travel and expense (T&E) ecosystem. Travel bookings made through approved systems can pre-populate into expense claims, reducing errors and making reimbursement faster and easier for everyone.

Final thoughts: Why choose Concur Expense?

Whether you’re a growing SMB or a large enterprise, managing expenses efficiently is critical to protecting margins and enabling growth. Concur Expense helps you:

• Automate routine processes
• Ensure compliance
• Gain visibility into spend
• Support international operations

And ultimately, it frees up your teams to focus on what really matters—driving the business forward.

Want to take control of your business spend?

Discover how SAP Concur can help you streamline expense management and prepare for future growth.
 

Request a demo today, or watch our on demand demo.