Concur Standard Invoice Management

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For many organizations, the invoice process is largely paper based and inefficient. To help mid-size organizations eliminate paper and reduce costs, Concur ® Invoice Management Standard Edition automates the time-consuming process of collecting, submitting, approving and paying supplier invoices and check requests. The service eliminates the bottlenecks in processing invoices and keeps you in control. You save time, drive down costs by as much as 70 percent and ultimately reduce spending. Concur Invoice Management provides end-to-end invoice lifecycle management—from capture to payment—in a solution that costs nothing to set up and does not require IT to maintain. Concur Invoice Management Standard Edition With Concur Invoice Management Standard Edition, mid-size companies have a single platform for managing employee-initiated spending—whether it involves travel or office supplies. The service enables efficient processing of supplier-payment requests with an easy-to-use, simple-to-install solution that eliminates paper and reduces costs. Automated workflows ensure invoices are efficiently routed and follow your organization’s approval process Flexible invoice handling and reporting capabilities put you in control Automated end-to-end process eliminates manual tasks Complete analysis of spend improves visibility Easy implementation means you can be up and running in as few as 30 days Provides a single platform for managing employee spend when paired with Concur ® Expense Concur Invoice Management Standard Edition AP automation made simple Concur on your smartphone expedite invoice approvals Expedite processing Reduce bottlenecks and delays with an automated end-to-end cycle. Enter invoices into the system immediately Automate policy enforcement Promote efficient approvals Gain visibility Invoice can help transform employee spend data into effective decision-making information. Capture valuable data Proactively monitor spend Negotiate with suppliers Reduce costs Streamline the processing of vendor and supplier invoices. Cut paper out of the invoice process Reduce your invoice-processing costs by as much as 70 percent THE BENEFITS

Transcript of Concur Standard Invoice Management

Page 1: Concur Standard Invoice Management

For many organizations, the invoice process is largely paper based and inefficient. To help mid-size organizations eliminate paper and reduce costs, Concur® Invoice Management Standard Edition automates the time-consuming process of collecting, submitting, approving and paying supplier invoices and check requests. The service eliminates the bottlenecks in processing invoices and keeps you in control. You save time, drive down costs by as much as 70 percent and ultimately reduce spending. Concur Invoice Management provides end-to-end invoice lifecycle management—from capture to payment—in a solution that costs nothing to set up and does not require IT to maintain.

Concur Invoice Management Standard EditionWith Concur Invoice Management Standard Edition, mid-size companies have a single platform for managing employee-initiated spending—whether it involves travel or office supplies. The service enables efficient processing of supplier-payment requests with an easy-to-use, simple-to-install solution that eliminates paper and reduces costs.

• Automated workflows ensure invoices are efficiently routed and follow your organization’s approval process

• Flexible invoice handling and reporting capabilities put you in control

• Automated end-to-end process eliminates manual tasks

• Complete analysis of spend improves visibility

• Easy implementation means you can be up and running in as few as 30 days

• Provides a single platform for managing employee spend when paired with Concur® Expense

Concur Invoice Management Standard Edition AP automation made simple

Concur on your smartphone – expedite invoice approvals

Expedite processing

Reduce bottlenecks and delays with an automated end-to-end cycle.• Enter invoices into the system immediately• Automate policy enforcement• Promote efficient approvals

Gain visibility

Invoice can help transform employee spend data into effective decision-making information.• Capture valuable data• Proactively monitor spend• Negotiate with suppliers

Reduce costs

Streamline the processing of vendor and supplier invoices.• Cut paper out of the invoice process• Reduce your invoice-processing costs by

as much as 70 percent

THE BENEFITS

Page 2: Concur Standard Invoice Management

Full lifecycle invoice management Concur Invoice Management automates the entire invoice lifecycle and provides complete visibility during every step of the process. The solution allows you to:

• Capture invoices – create and scan invoices or let Concur do the task

• Manage invoices – invoices are routed automatically for approval and audit

• Enforce policy – each invoice is systematically evaluated to meet your policies

• Pay vendors – suppliers and vendors are paid electronically with ACH, eliminating the need for checks

• Report and analyze – all activities and transactions are stored for both detail- and summary-level reporting

Invoice Capture ServiceEliminate the manually intensive tasks of receiving, scanning and verifying printed invoices. With this service, all invoices— paper, email and fax—are sent to a central location. Concur personnel then scan and upload the invoice, verify the data and route it to the owner or AP department. Invoice Capture gets invoices entered efficiently and enables faster approval and punctual payment.

Robust WorkflowSeamlessly incorporate new suppliers while an invoice progresses through the approval cycle. When they use the Concur mobile app, employees can keep the approval cycle moving, even when they’re out of the office!

Automated Invoice PaymentsOnce approved, invoices automatically queue for ACH or check payment. This service substantially reduces processing costs; Concur provides ACH payments free of charge and offers check payments at a low fixed rate. In addition, the service ensures payments are made on time while maximizing cash flow. The time-intensive task of generating payments is removed (while maintaining complete control to hold payment at any point if needed).

Powerful AnalyticsOur low-maintenance reporting solution ensures you’re able to quickly realize a return on your investment. The pre-defined reports, dashboards, and key metrics allow you to analyze your invoice process and identify opportunities for negotiating better deals with your top vendors.

©2012 Concur, all rights reserved. Concur is a registered trademark of Concur Technologies, Inc. All other company and product names are the property of their respective manufacturers. Specifications and other details listed are accurate as of printing, but may change without notice. BR STANDARD INVOICE MGMT NA 2012/07

About ConcurConcur is a leading provider of integrated travel and expense management solutions. Our adaptable Web-based and mobile solutions help companies and their employees control costs and save time. Learn more at www.concur.com

Easy SetupThe configuration wizard makes implementationquick and easy.

Powerful Invoice Analytics

Quickly analyze your invoice process and find opportunities to negotiate better deals with your vendors.