Accelerate How your Enterprise Control Cost with Technology

The more you can reduce non-compliant spend, the less financial pressure your enterprise will face.

The financial health of your enterprise comes down to two things: income and expenses. Your organization may do a lot to increase revenue streams, however many back-offices are overwhelmed trying to stay on track of the thousands of transactions that could pose as mistakes, noncompliant spending, or fraud.

  • 56% of organizations generally reimburse employees for out-of-policy spend
  • 52% of travel bookings are made outside of corporate channels by employees for hotel and air combined
  • $19 billions of spend labeled as “other” in 2019 by SAP Concur customers
  • 20% of companies say they cannot recover VAT due to complex and burdensome procedures

 

You might be surprised to learn how much organizations lose due to non-compliant expenses. Let SAP Concur technology solution transform how your entity controls spend and help you met your full earnings, profit, and operating cash goals. SAP Concur monitors suppliers’ relationships, manage booking and buying travel, formalize employee process of purchases, and expand policy to include COVID-19 and remote work expenses.

The more you can reduce non-compliant spend, the less financial pressure your enterprise will face. 

SEIDORUSA_AccelerateHowyourEnterpriseControlCostwithTechnology

SAP Concur Closes the Gap for Risky Loopholes

According to the ACFE, during the 2008 economic recession, more than half (55.4%) of the companies surveyed said that fraud slightly or significantly increased, compared with the level of fraud they experienced in prior years. The current economic situation, due to the COVID-19 pandemic, is considered a recession. Therefore, the potential for fraud may be worsening, just as it did in 2008.

While fraud is preventable, actually preventing it is still a challenge for many enterprises. SAP Concur reduces the risk of fraud, while guiding employees to make the right spending decisions and stay within policy. SAP Concur solutions provide you with the data to increase controls and compliance. 

More on SAP Concur

Controlling spending is not as impossible as it sounds. To learn more read our blog:

If you would like to explore SAP Concur for Public Sector, then contact us to discuss your needs.

At Seidor we sell, install, implement, train, and support our customers for SAP Concur from our offices in Houston, Detroit, New Jersey, Miami, and California.

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