Managing Rogue Spend and Increasing AP Efficiency

Presented by

Mark Wilfred (Director, Solutions Consulting), Parul Gupta (Principal Solutions Consultant)

About this talk

With the shift to remote work and the drive for efficiency within the finance function, Accounts Payable (AP) teams need to find a way to curtail rogue indirect spend, process transactions more efficiently and shift from transactional to value-added activities to retain talent. Indirect spend has been notoriously difficult to manage due to the volume and fluidity of how it is captured. Additionally, capturing these transactions is further complicated by the various spend channels emerging such as purchase cards, corporate cards, e-invoicing, and Amazon for Business. With the war for talent and constrained AP resources, it is crucial for the finance function to utilise a single platform to process and control indirect spend. In this session, we will cover: 1) The benefits of shifting to a single platform to increase visibility and control indirect spend while driving process efficiency 2) How to leverage accounts payable (AP) automation to minimise manual invoice processing and support the shift from transactional to value added activities 3) Showcasing the superior employee experience depicted through the end-to-end flow, from submission to approval, of an invoice.
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SAP Concur is a Saas solution which offers integrated solutions for business expense management. The cloud-based and mobile services make expenditure transparent, simplify planning, booking, billing and reporting. With SAP Concur, companies and business travellers can concentrate on business critical essentials and make intelligent business decisions based on accurate data.