REDMOND, Wash., July 11, 2012 /PRNewswire/ -- Concur (Nasdaq: CNQR), a leading provider of integrated travel and expense management services, today announced the availability of invoice management to its mid-market suite of solutions. Managing vendor invoices is a manual and error-prone process. With invoices flying in from all directions, the volume, and consequently the inefficiency, can be costly. Now, the same solution that helps companies take control of travel and expenses also helps them control the time-consuming process of collecting, approving and paying invoices.
"We're seeing incredible demand for our travel and expense solutions coming from mid-sized businesses. They want no set-up fees, rapid implementation, and the ability to make a complex process simpler," said Elena Donio, EVP and GM of the SMB business unit at Concur. "By automating the way supplier invoices are managed and paid, companies will improve the entire process for their accounts payable team and their employees."
"While many organizations have already addressed the automation of travel and expense management, the issue of taking control of the invoice management process is also becoming a higher priority for many mid-sized organizations," said Scott Pezza, Research Analyst with Aberdeen Group. "Our research shows that companies that leverage best practices to help them streamline their invoice management processes see more than an 80% decrease in processing costs, and realize a significant increase in early payment discount capture. Clearly, there are significant savings to be had for any organization that is looking to decrease these costs."
The Concur® Standard Edition was developed to address the significant demand from small and medium businesses (SMBs). Concur leveraged best-practices and years of experience – making set up and configuration for Concur's travel, expense and invoice offerings simple and straightforward – while providing an advanced starting point for SMBs to help them quickly see tangible value and return.
About Concur Concur is a leading provider of integrated travel and expense management solutions. Concur's easy-to-use Web-based and mobile solutions help companies and their employees control costs and save time. Concur Connect is the platform that enables the entire travel and expense ecosystem of customers, suppliers, and solution partners to access and extend Concur's T&E cloud. Concur's systems adapt to individual employee preferences and scale to meet the needs of companies from small to large. Learn more at www.concur.com.