Travel and Expense
How Much Could You Save With an Expense Management Solution?
Before investing in any solution or project, you want to be able to estimate the potential return on investment and determine whether it’s worth your time and money. It’s simply a part of good financial decision-making.
Concur Expense ROI Calculator
Use our tool to quickly discover how much money your company could save with automated expense management.
Do the mathROI can be measured in different ways: hard and soft returns. Cash back in the bank is one way to prove ROI. For instance, small to mid-size business (1-999 employees) users saved an average estimated $49K annually by implementing an automated travel and expense solution, and they saw positive ROI within eight months of implementation. (Source: Analysys Mason 2022, Travel, Expense, and Vendor Invoice Management Study)
So-called soft returns, such as time savings and user satisfaction, may not be soft at all and can ultimately add up to hard returns. Take it from SAP Concur customers:
After Avocados From Mexico (based in Irving, Texas) activated its SAP Concur solutions, they spent 50% less time on their expense input processes.
Bishop-Wisecarver (based in Pittsburg, California) also dramatically reduced processing times.
“Prior to using SAP Concur solutions, our month-end process could be up to 15 days—or more, depending on what was going on that specific month,” said Joe Lusby, Bishop-Wisecarver’s assistant controller. “Once we had the SAP Concur platform in place and started using it efficiently, we reduced our close time to three days. And quite honestly, if we were in a pinch, we could probably close in a day.”
If your business is still processing expenses manually using spreadsheets and paper receipts, do you know what it’s costing you? Consider what you stand to gain with automation.
Use the Expense ROI Calculator to find out what the return on your investment could be.
