How much do employees dread the expense report? In a past SAP Concur Global Business Travel Survey, nearly one out of four business travellers said they’d rather have a cavity filled at the dentist than fill out an expense report.
The expense reconciliation process can be lengthy, especially when organizations rely on manual processes. Nearly all travel decision makers say that rising complexity in the travel and expense (T&E) landscape requires new processes and mindsets, according to a Mastercard survey. This is creating a shift in how businesses approach T&E, with 90 per cent of surveyed travel decision makers predicting that the future of T&E is the convergence of payment and expense management. Concur can help businesses reimagine their expense management process and use technology to make their employees’ lives easier.
SAP is announcing a new partnership with Mastercard, a global technology company in the payments industry, to simplify the expense process. Through a new integration, purchases made on Mastercard corporate cards are captured and automatically populated in Concur Expense; users are alerted immediately if additional information is needed. With real-time spend data, customers can achieve compliance while users can enjoy an improved experience with automated expense creation. What’s more, customers can continue banking with preferred partners and utilizing existing card programs.
The integration will be available to select customers globally starting in the second quarter 2024. As part of the new partnership, SAP is also working with Mastercard to provide travel and finance managers with the power to set spending controls and restrictions to help encourage expense policy compliance.
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SAP Concur and Mastercard Announce Partnership to Simplify Expense Reports
How much do employees dread the expense report? In a past SAP Concur Global Business Travel Survey, nearly one out of four business travellers said they’d rather have a cavity filled at the dentist than fill out an expense report.
The expense reconciliation process can be lengthy, especially when organizations rely on manual processes. Nearly all travel decision makers say that rising complexity in the travel and expense (T&E) landscape requires new processes and mindsets, according to a Mastercard survey. This is creating a shift in how businesses approach T&E, with 90 per cent of surveyed travel decision makers predicting that the future of T&E is the convergence of payment and expense management. Concur can help businesses reimagine their expense management process and use technology to make their employees’ lives easier.
SAP is announcing a new partnership with Mastercard, a global technology company in the payments industry, to simplify the expense process. Through a new integration, purchases made on Mastercard corporate cards are captured and automatically populated in Concur Expense; users are alerted immediately if additional information is needed. With real-time spend data, customers can achieve compliance while users can enjoy an improved experience with automated expense creation. What’s more, customers can continue banking with preferred partners and utilizing existing card programs.
The integration will be available to select customers globally starting in the second quarter 2024. As part of the new partnership, SAP is also working with Mastercard to provide travel and finance managers with the power to set spending controls and restrictions to help encourage expense policy compliance.
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This entry was posted on April 8, 2024 at 12:52 pm and is filed under Commentary with tags SAP. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.