One Service Helps You Authorize, Approve and Allocate

Concur Invoice does more than simply automate the processing of vendor 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 over $58 per invoice, and that those processing costs can be cut by as much as 91% through automation. Some of the benefits of Concur Invoice include:

• Elimination of redundant approval routing and data entry errors
• Reduced opportunity for fraud, which minimizes financial risk
• Multi-level and exception based workflow to ensure proper approvals
• Assurance that proper AP/GL account coding and allocations are used
• Efficient process for the payment and on-boarding of authorized vendors

Concur Invoice supports complex coding and allocations across departments, with built-in capability for several levels of approval, including routing based on vendor. And for invoices from vendors that have yet to be added to the master list, Concur’s seamless, new vendor on-boarding process enables new vendors to be brought on-board in parallel with invoice approvals.