Concur Intro

Editor's Notes

• #4: Slide #11 Emotional Pathway- RATIONAL DROWNING KEY POINT: Many other indirect costs may be hitting your bottom line when using outdated expense reporting processes, such as spreadsheets with paper receipts. Moving to a paperless expense-management solution can help with future cost avoidance including hiring of additional accounting staff. While processing costs and costs associated with lost productivity are easy to determine there are many areas and hidden costs related to expense reporting that companies don’t take into account. These ‘lost savings’ include: Lost sales – how many deals are being missed by sales being taken away from their core tasks… how much could one deal be worth? How much is that in lost revenue over a year? Non-compliance – best-in-class expense reporting benefits from 87% policy compliance compared to 50% for laggards. Are you able to easily determine if staff are following your expense policy? Maybe you don’t have an expense policy in place. Limited visibility into spend to make smarter decisions – With lack of visibility into spend there is a missed opportunity for savings. What decisions could you act on quickly if you could have access to spend data reports in minutes? Imagine how different it would be preparing for an audit. Much less stressful, that is for sure. Reallocating or Hiring additional AP staff – imagine being able to avoid the cost of hiring additional AP staff to manage expense reporting or being able to reallocate current staff to more strategic initiatives that you may have on the back burner due to lack of resources. Paper storage – the amount of space and resources to manage What other indirect costs are hitting your bottom line by not moving to a more streamlined efficient expense reporting process? What other cost avoidance measures are you missing out on?
• #5: Emotional Pathway- OUR SOLUTION Concur’s best practices, certifications and attestations ensure client information is safe and protected and services are available and perform properly We are the trusted provider to the US federal Government and to many of the largest financial organizations The Concur® Trust Platform is founded on two key elements essential to any business: good security and service management. Using industry best practices, Concur operates a framework of audited processes and controls that help protect client information from unauthorized access and ensures Concur’s online services operate to meet customers’ demand. In addition to state-of-the-art technology and hosting facilities, the Concur Trust Platform relies on a unique combination of trained personnel, mature business processes, and frequent audits against a variety of international and U.S. standards to deliver a level of security and confidence unmatched in the industry. Question: Will the audience know what ISO 27001 is? If not, an intro into what it is/what it means would be helpful. Since ISO 27001 is best practice and is considered a hallmark of extremely good information security, working with a company who are ISO 27001 accredited gives you reassurance that they’re looking after your data extremely well.  ISO 27001 is a voluntary certificate, so companies don’t have to have it, and it does cost a company to invest in pursuit of the certificate.  If a company has taken the time and resources to gain this certificate then you can be confident that they take information security seriously.
• #6: Slide #11 Emotional Pathway- RATIONAL DROWNING KEY POINT: Many other indirect costs may be hitting your bottom line when using outdated expense reporting processes, such as spreadsheets with paper receipts. Moving to a paperless expense-management solution can help with future cost avoidance including hiring of additional accounting staff. While processing costs and costs associated with lost productivity are easy to determine there are many areas and hidden costs related to expense reporting that companies don’t take into account. These ‘lost savings’ include: Lost sales – how many deals are being missed by sales being taken away from their core tasks… how much could one deal be worth? How much is that in lost revenue over a year? Non-compliance – best-in-class expense reporting benefits from 87% policy compliance compared to 50% for laggards. Are you able to easily determine if staff are following your expense policy? Maybe you don’t have an expense policy in place. Limited visibility into spend to make smarter decisions – With lack of visibility into spend there is a missed opportunity for savings. What decisions could you act on quickly if you could have access to spend data reports in minutes? Imagine how different it would be preparing for an audit. Much less stressful, that is for sure. Reallocating or Hiring additional AP staff – imagine being able to avoid the cost of hiring additional AP staff to manage expense reporting or being able to reallocate current staff to more strategic initiatives that you may have on the back burner due to lack of resources. Paper storage – the amount of space and resources to manage What other indirect costs are hitting your bottom line by not moving to a more streamlined efficient expense reporting process? What other cost avoidance measures are you missing out on?
• #9: Slide #11 Emotional Pathway- RATIONAL DROWNING KEY POINT: Many other indirect costs may be hitting your bottom line when using outdated expense reporting processes, such as spreadsheets with paper receipts. Moving to a paperless expense-management solution can help with future cost avoidance including hiring of additional accounting staff. While processing costs and costs associated with lost productivity are easy to determine there are many areas and hidden costs related to expense reporting that companies don’t take into account. These ‘lost savings’ include: Lost sales – how many deals are being missed by sales being taken away from their core tasks… how much could one deal be worth? How much is that in lost revenue over a year? Non-compliance – best-in-class expense reporting benefits from 87% policy compliance compared to 50% for laggards. Are you able to easily determine if staff are following your expense policy? Maybe you don’t have an expense policy in place. Limited visibility into spend to make smarter decisions – With lack of visibility into spend there is a missed opportunity for savings. What decisions could you act on quickly if you could have access to spend data reports in minutes? Imagine how different it would be preparing for an audit. Much less stressful, that is for sure. Reallocating or Hiring additional AP staff – imagine being able to avoid the cost of hiring additional AP staff to manage expense reporting or being able to reallocate current staff to more strategic initiatives that you may have on the back burner due to lack of resources. Paper storage – the amount of space and resources to manage What other indirect costs are hitting your bottom line by not moving to a more streamlined efficient expense reporting process? What other cost avoidance measures are you missing out on?
• #10: Emotional Pathway- OUR SOLUTION Get insight into your spend: Easy-to-use on-demand data analysis and reporting capabilities transform raw expense data into useful information that helps drive decision making Detailed reporting reconciles data from multiple sources; it gives you a complete view into your expense information. For example, if you look at the Top Spenders by Vendor, you can see that there’s a huge spend with Hertz – might be a good time to negotiate lower rates. The result is actionable intelligence that puts you in control to negotiate better deals with suppliers you use most. With Concur, you have clear insight into how your company and employees spend their travel and expense budgets.
• #11: Emotional Pathway- OUR SOLUTION Get insight into your spend: Easy-to-use on-demand data analysis and reporting capabilities transform raw expense data into useful information that helps drive decision making Detailed reporting reconciles data from multiple sources; it gives you a complete view into your expense information. For example, if you look at the Top Spenders by Vendor, you can see that there’s a huge spend with Hertz – might be a good time to negotiate lower rates. The result is actionable intelligence that puts you in control to negotiate better deals with suppliers you use most. With Concur, you have clear insight into how your company and employees spend their travel and expense budgets.
• #12: Emotional Pathway- OUR SOLUTION Get insight into your spend: Easy-to-use on-demand data analysis and reporting capabilities transform raw expense data into useful information that helps drive decision making Detailed reporting reconciles data from multiple sources; it gives you a complete view into your expense information. For example, if you look at the Top Spenders by Vendor, you can see that there’s a huge spend with Hertz – might be a good time to negotiate lower rates. The result is actionable intelligence that puts you in control to negotiate better deals with suppliers you use most. With Concur, you have clear insight into how your company and employees spend their travel and expense budgets.
• #14: Slide #11 Emotional Pathway- RATIONAL DROWNING KEY POINT: Many other indirect costs may be hitting your bottom line when using outdated expense reporting processes, such as spreadsheets with paper receipts. Moving to a paperless expense-management solution can help with future cost avoidance including hiring of additional accounting staff. While processing costs and costs associated with lost productivity are easy to determine there are many areas and hidden costs related to expense reporting that companies don’t take into account. These ‘lost savings’ include: Lost sales – how many deals are being missed by sales being taken away from their core tasks… how much could one deal be worth? How much is that in lost revenue over a year? Non-compliance – best-in-class expense reporting benefits from 87% policy compliance compared to 50% for laggards. Are you able to easily determine if staff are following your expense policy? Maybe you don’t have an expense policy in place. Limited visibility into spend to make smarter decisions – With lack of visibility into spend there is a missed opportunity for savings. What decisions could you act on quickly if you could have access to spend data reports in minutes? Imagine how different it would be preparing for an audit. Much less stressful, that is for sure. Reallocating or Hiring additional AP staff – imagine being able to avoid the cost of hiring additional AP staff to manage expense reporting or being able to reallocate current staff to more strategic initiatives that you may have on the back burner due to lack of resources. Paper storage – the amount of space and resources to manage What other indirect costs are hitting your bottom line by not moving to a more streamlined efficient expense reporting process? What other cost avoidance measures are you missing out on?