Control Company Costs
10 Powerful Reasons AP Leaders Love Concur Invoice
Why Invoice Automation Is Top of Mind
Controlling spend has rocketed to the top of every finance agenda, especially as costs climb and cash becomes king. Concur Invoice tackles that head-on by giving you a single place to see, code, and approve every supplier bill. When you can “keep an eye on invoices” in real time, nasty end-of-month surprises disappear.
And here’s another wake-up call: consistently paying invoices late has measurable consequences, from strained supplier relationships to lost early-payment discounts. Automating approvals flips late-fee pain into on-time-payment gain.
The Hidden Costs of “Good-Enough” Invoice Processing
Manual PDF key-in and paper chasing aren’t just annoying, they’re expensive:
-
Spend blackouts: Leaders see committed spend only after the month-end scramble, limiting cash-flow agility.
-
Late-payment penalties & bruised vendor trust: Consistently paying invoices late can have serious margin impact.
-
Policy creep: Without uniform rules, approvals vary by manager and auditors inherit the headache.
Bottom line: a manual AP process leaks working capital you could be investing elsewhere.
3 instant wins you’ll feel quickly
- One source of truth: every invoice lands in a single dashboard for a consolidated view of spend, budget meetings just got shorter.
- Built-in policy guardrails: the same spending rules apply company-wide, no more 'special exceptions' come audit time.
- Turbo-charged approvals: automated workflows chase signatures, killing the inbox back-and-forth so finance can focus on strategy.
The Big 10 Benefits—At a Glance
|
# |
What You Get |
Why It Matters |
|
1 |
Total spend control |
Finance sees every invoice the moment it enters the workflow. |
|
2 |
Fewer late payments |
Automatic routing & reminders keep due dates front-and-centre. |
|
3 |
Consistent rules |
One set of policies applies across the board—no one jumps the queue. |
|
4 |
Consolidated data |
All spending lives in one dashboard—bye-bye, manual spreadsheets. |
|
5 |
Faster month-end close |
Clean, coded data flows straight into your ERP or other finance system. |
|
6 |
Real-time cash-flow insight |
Spot budget overruns before they snowball. |
|
7 |
Stronger supplier relationships |
Pay on time, every time — and unlock early-pay discounts. |
|
8 |
Mobile approvals |
Managers sign off from anywhere, slashing bottlenecks. |
|
9 |
Lower fraud risk |
Duplicate and out-of-policy invoices are flagged automatically. |
|
10 |
Scalable global compliance |
Local tax and retention rules ride along as you expand. |
Conversation-Ready Takeaways for the CFO
-
Spend visibility = strategic agility: A consolidated view lets you redirect cash to growth projects instead of firefighting overruns.
-
Automation delivers culture wins: Approvers ditch paperwork; AP staff trade data entry for analytics; suppliers get paid on time.
-
Policy + Platform beats policy alone: Concur Invoice “ensures consistent rules apply” automatically, so compliance isn’t an extra chore—it’s built-in.
Ready to Turn AP into a Competitive Edge?
Read “10 Benefits of Concur Invoice” to explore each advantage, watch quick demo videos, and read AP success stories from brands in Australia and New Zealand like Honda NZ. One click could be the difference between wrestling invoices and running a future-ready AP machine.
