Concur Makes Expense Tracking Easy
January 18, 2020
Concur Makes Expense Tracking Easy
Score 9 out of 10
Vetted Review
Verified User
Software Version
Professional
Modules Used
- Expense
Overall Satisfaction with Concur Travel and Expense
Concur is used in my company to track all company credit card expenses and provides an easy way to allocate any expenses to project codes (we are an events company and need to allocate expenses to specific budgets). It is used by the whole organization and helps us with more accurate project accounting. It also is an easy way for us to attach receipts to invoices and pass them off to accounting digitally. It's very quick and easy to use, and keeps the process of tracking receipts and expenses from feeling like too much of a burden.
- Easy expense tracking
- Receipt attachment
- Can be tricky to learn at first
- Sometimes glitchy in the allocation process
- Saved time in expense tracking
- Easier and more accurate reporting
I personally have not used any other platform for expense tracking besides Concur. However, without Concur, this process would be far more tedious and menial, as we might use something like Dropbox or some other sort of online storage space for all receipts and invoices from expenses. On the accounting department's side, it saves them tons of time getting all project allocations in one place so that they can send more accurate reports to the teams to compare against their budgets. Overall, I believe my company has been using Concur longer than any other platform and does not have plans to change.
I do not know of any ERP systems or other software that has been integrated with this platform as I have only used it for uploading and coding receipts. I have heard word of Epicore as a platform that our accounting department uses, but I do not know if that is connected to Concur or not.
I love that you can easily create reports with your expenses so that you can code various expenses to various projects/budgets. We also have two companies within our company, so it helps for us to be able to code some things to one company and some things to another. Also, for any receipts we receive by email that needed to be added to Concur, it is so much easier to be able to send it to the Concur receipt email, where it automatically sends it into your account for easy coding! I love how simple it is to code expenses to various projects, and the entire workflow of it is very user-friendly.
It has benefitted the admin experience significantly in that it allows us to get easier project reports for those managing budgets on various projects within our company. It helps the accounting team see all the expenses allocated to their respective departments and budgets, instead of having to track down receipts from everyone in the company. It saves everyone from having to email receipts to one person who is in charge of collecting it all. It also saves admin time coding their own expenses and knowing what expenses they have made in the past, so they can keep track of all the expenses they need to account for.