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Concur CBS - V10
Transcript of Concur CBS - V10
Business challenges today
P-Cards reduce the cost per transaction by $70 and cycle time by 8 days compared to a traditional PO-based process.
Having an integrated solution can have a huge impact on your bottom line
Get more visibility into P-Card program spending
Increase visibility into your spend
Automate the process
Manage and reconcile statements
What are Company Bill Statements?
— Use the same user interface for corporate cards and purchasing cards.
— Define and automate spend capture, reconciliation, approval, audit, and account for
End user efficiency
— All users receive automatic notifications and reminders, from employee spend to manager approval.
Visibility into spend
— Combine the wealth of data captured with Concur's reporting to gain powerful insights.
— Digital receipts make the approval and audit process transparent and improve compliance.
Extension of Concur Expense
Automated process to manage P-Card spend
A single system for reconciliation
Statement reports are automatically created when transactions are received
How it works
Annual P-Card spend is expected to reach $318 billion in 2016 and $377 billion by 2018.
are prone to fraud
Time consuming and expensive to make check payments
Too much paperwork
Out of policy spend
P-Card program benchmarks
More than half of company billed related spend falls into these five categories:
Did you know?
Advertising and marketing
Repair and maintenance
Provides greater insight and visibility
Company Bill Statements was developed specifically to address the unique characteristics of P-card programs
Reports are automatically generated
All spend is collected, categorized and stored
What’s the takeaway?
Want to learn more?
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Statement routes through approval workflow for payment
User submits statement for approval
Statement held until cycle closes
User validates transaction, makes updates and attaches images
Additional P-Card transaction added to statement
Charges auto populate
to P-Card specific expense types
Initial P-Card charge generates a Company Bill Statement
Admin sets up CBS requirements
Types of spend
2014 Purchasing Card Benchmark Survey Results: Market Trends and Best Practice Program Choices, RPMG Research Corporation
Additional data specific to P-Card programs are available for use in
to provide improved visibility into P-Card spend.
Concur consolidates your company billed spend into a single, connected process to help:
Reduce time and
Source: 2015 Concur client data.
Over 65% of all companies have a P-Card program.
A typical Fortune 500-size public corporation saves $15 million annually by using P-Cards.
CBS home screen
Concur Expense automatically creates new P-Card statement reports.
CBS statements screen
Charges are assigned to cardholder statements with the appropriate expense types.
Power up your P-Card program
Manage your procurement spend with Company Bill Statements from Concur.