Growth and Optimization
Build an In-house Powerhouse with SAP Concur and SAP
You already know that SAP Concur can help your business streamline and simplify expense management. But, did you also know there’s a suite of other SAP solutions that can help you do the same for other aspects of your business, like sales, marketing, HR, and more? Because they’re all in the SAP family, they integrate seamlessly with SAP Concur to create a single, cohesive enterprise resource planning (ERP) system that brings you end-to-end visibility of your spending in real time.
Here’s how the full power of SAP and SAP Concur can help your business, and how other companies are already taking advantage of this integrated approach.
Automate and streamline everyday operations, reduce errors, and save time
For Fulton County Schools, a lack of automated workflows for routing special travel requests and processing expense reports led to frequent delays, missing receipts, and cumbersome manual tracking with spreadsheets. Without integration into the existing financial system, auditing expenses was difficult, and month-end accounting required manual data entry.
Integrating SAP and SAP Concur reduced the time spent on posting travel, posting financials, and loading expenses into payroll – which were previously managed through disparate systems – from 180 hours a month to just two hours a month.
Improve reporting accuracy, spend less time compiling data, and simplify payments across the board
For German manufacturing company KUKA, complex tax regulations made creating expense reports a heavy lift for employees. “Most of our Kuka employees are based in Germany where the tax regulation is complex,” said Judit Varga, IT Service Manager at KUKA. “Users needed to select between a wide variety of different tax rates in order to create their hotel and entertainment entry lines.” As a result, the reports were not only time-consuming, but full of errors, which created additional work for the finance team.
By leveraging SAP and SAP Concur, KUKA employees were able to submit expense reports seven times faster – and with fewer errors – reducing the number of reports returned by the finance team.
Create a single source of truth and gain greater insights by consolidating data
For retail company American Eagle Outfitters (AEO), purchasing responsibilities were spread across business partners resulting in a high volume of suppliers and invoices. With so many external partners, AEO needed a way to integrate new vendors into its IT systems.
Implementing SAP Business Network for Procurement and SAP Ariba solutions enabled AEO to manage spend across seven different integrations, all in alignment with its custom taxonomy. The integrations gave the company quick access to spend details and robust, comprehensive reporting by vendor and department in one tool. These insights and analytics allowed the strategic sourcing team to identify sourcing and savings opportunities, helping the business make more-informed decisions in procurement processes.
If you’re ready to see what an integrated ERP system can do for your business, fill out the form below.