SAP Concur compliance index

Overview of SAP Concur

SAP Concur is a leading vendor in the travel, expense, and invoice management software industry. Founded in 1993 by Steve Singh, Mike Hilton, and Rajeev Singh, Concur was acquired by SAP in 2014. The company is renowned for its comprehensive suite of cloud-based solutions that help businesses to streamline their travel and expense management processes, enabling them to reduce costs, improve compliance, and enhance the overall employee experience.

Key Features

• Travel Management: SAP Concur offers an integrated travel management solution that helps businesses to manage bookings, itineraries, and policy compliance, ensuring a seamless and efficient travel experience for employees.
• Expense Management: SAP Concur's expense management software simplifies the process of capturing, submitting, approving, and reimbursing employee expenses, reducing errors and manual effort.
• Invoice Management: The company's invoice management solution automates the entire accounts payable process, from invoice capture and approval to payment and reconciliation, improving efficiency and control.
• Integration and APIs: SAP Concur seamlessly integrates with various platforms, applications, and APIs, making it easy for businesses to incorporate its travel, expense, and invoice management capabilities into their existing systems and workflows.
• Compliance and Security: SAP Concur adheres to global industry standards and regulations, ensuring that its solutions are secure and compliant with relevant data protection laws.

Data Governance and Vendor Monitoring

From a data governance perspective, it is crucial for businesses to carefully assess and monitor vendors like SAP Concur, as they are entrusted with handling sensitive financial data and employee information. Travel, expense, and invoice management solutions involve the processing and storage of critical data, making it essential for businesses to partner with vendors that prioritize data security, privacy, and compliance. By evaluating and comparing vendors in this industry, businesses can protect their valuable data assets, maintain compliance with various data protection regulations, and safeguard their reputation and bottom line.