Concur launches small business expense solution in the UK

Concur® Breeze takes the hassle out of expense claims, saves time and money

LONDON, United Kingdom, April 18, 2011 -- Concur (Nasdaq: CNQR), a global leader in integrated travel and expense management, today launched the UK version of Concur® Breeze, an expense claim solution designed specifically for SMBs. Launched in the U.S. market last year, Concur Breeze streamlines the entire expense management process by automatically creating expense claims using electronic data imported directly from both personal and corporate credit card charges.

Quick and easy to set up, Concur Breeze makes even complex and tedious expense claim tasks simple. By automating the entire process and eliminating the need for paper receipts, spreadsheets, and lengthy reimbursement cycles, it reduces the time and hassle associated with expense claims. It simplifies bookkeeping and helps companies better track costs and manage cash. The tool also allows SMBs to quickly and accurately analyse expense data through online reporting, and reduces the risk of employee expense fraud.

Newly released research1 commissioned by Concur asked over 400 SMB owners about the impact of the expense claim process on their business. It revealed the average SMB spends more than 13 business days a year processing expense claims, with 63.2 per cent admitting to spending longer on expense management than on generating new business2. In addition, nearly four out of five (78.6 per cent) expressed concern about how much money employees are spending on expenses.

“Our research shows that SMB owners waste far too much time and energy managing and worrying about the expenses process,” comments Isabel Montesdeoca, Vice President at Concur. “If the right technology is put in place, expenses can be straightforward and transparent, giving confidence to focus on more important parts of running a company.”

Chris Pang, a principal research analyst at Gartner added, “Small businesses that have outgrown paper or email based systems for managing expenses are increasingly able to take advantage of SaaS solutions which traditionally, have only been viable for large enterprises.”

Concur Breeze allows employees to easily manage all aspects of the expense claim process including:

  • Capturing receipt images via a smartphone and automatically attach them to an expense
  • Importing credit card transaction data to automatically create a new expense claim
  • Editing, deleting or entering new expenses for items such as meals or tips
  • Assigning an appropriate classification for each expense (e.g. meals, office supplies, shipping or entertainment)
  • Submitting an expense claim for approval
  • Reviewing report details, approving or rejecting expense claims

 

With affordable monthly fees and an on-demand service that can be set up in minutes, Concur Breeze is the small business version of Concur technology that is trusted by over 10,000 companies and millions of employees around the globe. It is initially available for a 30 day free trial period and will subsequently cost £6 per user per month.

1Opinion Matters research, between 3rd March 2011 and 23rd March 2011. Sample: 401 SMB owners in the UK
2 Based on an eight-hour working day

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