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Concur vs webexpenses
September 27, 2023 | Author: Michael Stromann
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SAP Concur's easy-to-use business travel and expense management software solution helps your business save time, money and gain control. The Concur booking tool makes business travel a snap—starting with customized options that align with your company policies. You can also upload electronic folios, directly to expense reports. Concur provides full visibility into spend and the ability to ensure policy and regulatory compliance.
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Expense management software + AP automation. Automate your expenses, invoice processing + more with our digital business management systems.
Concur and webexpenses are both expense management solutions but have some key differences in their features and target audiences.
Concur is a robust and widely used expense management platform designed for large organizations. It offers a comprehensive suite of features, including expense tracking, receipt capture, travel booking, and reporting. Concur integrates with various travel booking systems, credit card providers, and financial software to streamline the expense management process. It provides advanced analytics and reporting capabilities, enabling organizations to gain insights into their spending patterns and make informed financial decisions. Concur is suitable for enterprises that require a scalable and enterprise-grade expense management solution with extensive integration options.
webexpenses, on the other hand, is a cloud-based expense management software that targets small to medium-sized businesses. It simplifies the expense reporting process by allowing users to capture receipts, track expenses, and submit expense claims digitally. It offers features like automated approval workflows, policy enforcement, and expense analytics. webexpenses focuses on providing an intuitive and user-friendly interface, making it easy for employees to submit and manage their expenses. It is suitable for organizations looking for a cost-effective expense management solution that is quick to implement and easy to use.
See also: Top 10 Expense Management software
Concur is a robust and widely used expense management platform designed for large organizations. It offers a comprehensive suite of features, including expense tracking, receipt capture, travel booking, and reporting. Concur integrates with various travel booking systems, credit card providers, and financial software to streamline the expense management process. It provides advanced analytics and reporting capabilities, enabling organizations to gain insights into their spending patterns and make informed financial decisions. Concur is suitable for enterprises that require a scalable and enterprise-grade expense management solution with extensive integration options.
webexpenses, on the other hand, is a cloud-based expense management software that targets small to medium-sized businesses. It simplifies the expense reporting process by allowing users to capture receipts, track expenses, and submit expense claims digitally. It offers features like automated approval workflows, policy enforcement, and expense analytics. webexpenses focuses on providing an intuitive and user-friendly interface, making it easy for employees to submit and manage their expenses. It is suitable for organizations looking for a cost-effective expense management solution that is quick to implement and easy to use.
See also: Top 10 Expense Management software
Concur vs webexpenses in our news:
2016. Travel and expense management platform Concur acquired travel search Hipmunk
Concur, the renowned travel and expense platform, acquired by SAP for $8.3 billion in 2014, has recently announced its latest acquisition. Concur is purchasing Hipmunk, a travel search startup, with plans to seamlessly integrate it into its existing platform. While Concur already offers search capabilities, as a current Concur user, I can confirm that there is room for improvement, which Hipmunk's inclusion is expected to address effectively. Concur has a history of acquiring startups to enhance its functionalities, such as TripIt, which enables users to track and share travel plans, and investments made in ClearTrip. This acquisition reflects Concur's commitment to continually enhance its platform and provide a comprehensive travel and expense management solution.
2014. SAP acquires travel and expense management service Concur
SAP has made a significant move by acquiring Concur, the expense and travel management solution, for a whopping $8.3 billion. Concur boasts an impressive user base of approximately 25 million individuals across more than 150 countries. Interestingly, in 2011, Concur itself acquired the travel organizer TripIt. This acquisition places SAP in control of Concur and allows them to claim ownership of 50 million cloud users. As part of this agreement, Concur will collaborate with SAP to develop mobile applications that are contextually aware, while SAP will begin utilizing Concur's travel and expense management services. The acquisition is projected to conclude either in the fourth quarter of this year or the first quarter of 2015.
