Reduce repayment times and lighten the burden of repayment. Travel & Expense (T&E) within the company's financial departments: this is the idea of Concur through the launch of the Expense-Pay Global. This new tool integrates with the Concur Travel & Expense solution, and aims to automate employee expense reimbursement and payments, outsourced to the specialist Beanstream. In total, 25 countries and 14 currencies are covered by the service.
" This additional service adds value to both the accounting department and all our employees. "believes Pierre-Emmanuel TetazConcur's Managing Director for Southern Europe. " With greater transparency, financial managers have better control over spending and profitability. treasury in real time "he adds. This notion of transparency is based on the tool's analytical capabilities, which sift through expense claims to check compliance with travel policy and notify any anomalies. Expense Pay Global also relies on automated cash flow management to avoid late payment penalties, and on simplifying the process through a single interface. Speeding up the reimbursement process improves the experience of business travellers and reduces the cost of in-house processing. A significant advantage, given that eight out of ten employees currently have to wait more than a week before receiving reimbursement for their travel expenses.
