SAP Concur’s Winning Equation of “Innovation + Expertise = Value”

To SAP Concur managing director (Southeast Asia) Madanjit Singh, the equation of “Innovation + Expertise = Value” is his philosophy to business success.

“Innovation and expertise equates to value,” he emphasised to TechBarrista, explaining that having the necessary implementation methodology is also integral to any desired solution.

“Digital is transforming industries today and, in the area of travel and expense, companies should look beyond automation to a completely connected spend management solution.”

Herein lies Concur’s value proposition, explained Madanjit: SAP Concur helps simplify travel and expense management to give companies greater control.

“For more than two decades, SAP Concur has taken companies of all sizes and stages beyond automation to a completely connected spend management solution encompassing travel, expense, invoice, compliance and risk,” said Madanjit.

This is done via automating the expense management process which then frees up employees and gives them more control over compliance and costs.

“Users can quickly take a picture of receipts, submit expense reports from any mobile device, and keep productivity on track. It’s the expense management software that your company needs to streamline business travel expense processing and business expense tracking,” said Madanjit.

On top of that, he added, SAP Concur also proactively manages spend with AP automation.

“Accounts payable may not seem like a profit center, but when you automate the invoice process, you get control over what’s going out the door. You can see spending before it’s spent, catch duplicate invoices, and save time with mobile approvals, invoice tracking and faster payments,” said Madanjit.

Concur’s conquest of established names 

In this part of the world, SAP Concur has proven to be well received by established names such as Mitsui and Co, AirAsia, and Grab. The latter had hailed “Concur as a total success – helping save hours in expense management”.

Other established names around the world include JPMorgan Chase, Starwood, Twitter, Cirque du Soleil, Deutsche Post and of course SAP as a global company in itself.

“When you can see all your spending, you can control all your costs,” said Madanjit, adding that SAP Concur is also able to “capture and manage invisible bookings”.

“With your travel policy built into your solution, you can capture business travel expenses, improve compliance, and control your costs,” he further said.

“With all the data in one place, more can be done and our dynamic ecosystem is able to connect connects companies with more than 150 of the apps, partners, suppliers and products that employees are already using.

“All your spending data is automatically integrated to deliver the experience your employees expect and the full visibility you need into all dimensions of spend, so you can spot new ways to save,” he added.

“At the end of the day, SAP Concur takes companies of all sizes and stages beyond automation to a completely connected spend management solution encompassing travel, expense, invoice, compliance and risk.

“Our global expertise, industry-leading innovation and dynamic ecosystem of diverse partners and applications unlock powerful insights that help businesses reduce complexity and see spending clearly, so they can manage it proactively,” he concluded.