Concur Invoice

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Concur Invoice

Concur® Invoice is the on-demand invoice management software solution that automates the process of collecting, submitting, tracking and paying of supplier invoices and check requests. Where else can you find a fully-managed Accounts Payable automation solution paired with the market-leading travel and expense solution? With Concur Invoice, you can automate key components of employee spend and integrate them with other company expense processes. That’s why Concur is the industry leader in Employee Spend Management.

Reduce Invoice Processing Costs

Nearly 80 percent of vendor and supplier invoice activity is paper-based.* If your organization is like most, your A/P department is drowning in paper. A recent Aberdeen Group study found that companies who automate invoice processing observe:

• Overall costs drop as much as 91 percent
• 46 percent shorter invoice process cycle time
• 12 percent fewer late payments
• 30 percent less time spent responding to inquiries

These benefits were even seen in companies with invoice processing costs starting as high as $58 per invoice!

The Solution: Gain Visibility and Control of your Invoice Payment Process with Concur Invoice.

Concur’s Web-based invoice processing solution with its intuitive user interface – complete with robust workflow, multiple invoice imaging methods and reporting capabilities – enables any organization to automate the entire invoicing process, from invoice receipt to payment, providing accurate analysis of employee spend while improving the ability to control supplier payments.

Experience Automated Invoice Processing and Savings.

Concur Invoice allows companies to quickly process vendor and supplier payment requests, solving common problems including:

• High invoice processing costs. Concur Invoice significantly reduces the costs of processing invoices by automating the collection, submittal, tracking and payment of vendor and supplier invoices.
• Long invoice payment process cycle time. The cycle time to process supplier payments and check requests is significantly shortened with Concur's easy, quick and efficient automated solution. And, Concur Mobile further reduces cycle time and lowers the risk of late payment fees, allowing you to conveniently review, approve or reject invoices anywhere using your smartphone.
• Poor control and compliance. Concur’s robust workflow manages invoice approvals and customized audit rules monitor compliance, eliminating common areas for fraud, mistakes and misuse.
• Lack of reporting. Concur’s proactive invoice data reporting approach offers complete visibility into spending.

Learn more about Concur Invoice

Concur makes it quick and easy to automate your entire vendor and supplier payment process. View our self-paced product tour or to watch a short intro video demo see how automating your invoice management process with Concur Invoice can save your organization time and money.

Already a Concur client?

Congratulations! You’re already experiencing what automation can do for other parts of your business. Concur Invoice is simply another piece of the Employee Spend Management picture. Imagine how adding Concur Invoice to your invoice management process will help you maximize control over all employee spend in your organization. To learn more, explore our resource center for Webinars, videos and more about Concur Invoice and the whole Employee Spend Management process. Click here to visit the Resource Center.

*Aberdeen Group