With robust global expense functionality delivered online and on-demand whenever and wherever it’s needed, Concur® Expense efficiently meets the global expense needs for companies of all sizes, located anywhere in the world. As a comprehensive service, Concur Expense automatically modifies global currency, VAT tax and per diem rates in a traveler’s expense report, depending on where they’ve been traveling. Available in more than 10 different languages, Concur Expense meets the needs of organizations with employees in countries around the world, enhancing statutory reporting and expense fraud detection capabilities along the way.
To make the expense reporting process easy and efficient, Concur takes into account the different business and legal practices across the globe, including:
Multiple global currency claims and the Euro – gives expense filers the option to enter rates/values in whichever way is most suitable for them, and stores fixed conversion rates within the application, entering them automatically.
Travel Allowance – exclusively presents organizations with travel allowance reimbursement rates.
VAT – enables organizations to record and report VAT in a format that facilitates the reclaim of both local and foreign VAT reclamation.
Income taxes / benefit in kind – built to ensure full compliance with European income tax laws.
Per diem – rules are built into Concur services to take into account local per diem rates, and facilitate per diem reimbursement.
Vehicle mileage – multiple rates can be recorded based on engine size, whether the vehicle is company or personal. Concur enables companies to calculate an individual's total business mileage for P11d, DADS, etc. reporting.
Local statutory reporting – unrivaled experience working with local reporting requirements and mandatory reports are automatically sourced through Concur Expense.
Corporate credit card data – seamlessly imports credit card feeds directly into the expense report.