Concur® Invoice does more than simply automate the processing of vendor and supplier invoices. It allows organizations to streamline this process and strategically manage a significant portion of their overall employee spend. Studies conclude that manual invoice processing costs can be up to $58 per invoice, and those processing costs can be cut by as much as 91 percent through automation. Some of the benefits of Concur Invoice include:
- Elimination of redundant approval routing and data entry errors
- Reduced opportunity for fraud, minimizing financial risk
- Multi-level and exception based workflow to ensure proper approvals
- Assurance that proper AP/GL account coding and allocations are used
- Efficient and controlled process for on-boarding suppliers
- Significant decrease in supplier payment and check request cycle time
Concur Invoice supports complex coding and allocations across departments, with built-in capability for several levels of approval, including routing based on supplier. And, for invoices from suppliers that have yet to be added to the master list, Concur’s seamless, supplier on-boarding process enables new vendors and suppliers to be brought on-board in parallel with invoice approvals.
Total Control
When the efficiency of invoice automation combines with other internal controls to truly streamline processes, incredible things become possible. Move your organization toward true Employee Spend Management by incorporating Concur Invoice with your company’s travel management, expense reporting and auditing processes. Invoice is just one part of your total Concur solution. View products.
Learn more about Concur Invoice
Concur makes it quick and easy to automate your entire supplier payment process. View our self-paced product tour or watch a short intro video demo to see how automating your invoice management process with Concur Invoice can save your organization time and money.