Finance
SAP Concur Provides Real-Time Visibility, Spend Control with New Budget Solution (HITS)
Story Highlights
To help budget owners effectively manage resources and make better decisions, SAP Concur has announced Budget, a new solution that makes budget data visible, near real time, and actionable. Budget synthesizes data from SAP Concur solutions including Expense, Invoice, Purchase Request and Travel Request, creating a comprehensive dashboard for spend – before and after it occurs.
As a result, finance leaders, sales leaders, and project managers alike can see spending events unfold. Collectively, each employee making better decisions leads to better overall financials and strengthens the bottom line.
Budget empowers everyone to see what’s happening, anticipate risks around the corner, and take action – before it’s too late. It allows companies to move beyond one-size-fits all, after-the-fact monthly budget spreadsheets. It’s holistic and flexible, whether companies map budgets to employee hierarchies or to projects.
Employees can finally be held accountable to eliminate overspending, while gaining autonomy to proactively adjust spend to seize unexpected opportunities. Key features include:
Easy-to-consume data: Regular budgetary discipline is easy when you can see performance dashboards on both mobile and web, and budget insights embedded directly at the point of expense or invoice approval.
Tailored to individual employee needs: For example, set your own predetermined limits on budget buckets, or auto-email alerts when budget thresholds are reached. Set up personalized budget sub-categories to track more granularly.
Gain corporate control: Customizable budget approval workflows, user permissions, and audit rules help maintain policy decisions across the organization.
Connect deeper into the organization by integrating with financial systems via a public API.
