According to the statistics, in every typical day, 730K expense receipts are uploaded, 191K trips are booked, and $187M invoices are processed. Here the integration between Concur and SAP S4/HANA plays its role in which unifies finance and your digital core with travel, expense, and invoice data for instant, real-time, and actionable insights; expands your digital transformation by shining light on invisible spending with cloud-based solutions; and accelerates system performance with best in class applications that are seamlessly in sync.
Cloud-based travel and expense solutions enable users to plan trips and create expense reports. This information is typically transferred to financial systems for posting. Integration with SAP S/4HANA Cloud enables users to export cost objects such as cost centers, internal orders, and WBS elements, import expense reports and cash advances ready for posting, and export posting confirmations.
In brief, the key process flows are:
- Set up system connection (Middleware optional)
- Export master data (Cost object)
- Maintain integration of financial posting
So how can we benefit from this integration?
The integration of Concur with S/4Hana will simply process expenses quickly for faster payments. It will provide end-to-end, timely visibility into spending, from pre-trip plans to final settlement of payments. It will also provide a successful financial posting and full process transparency on both sides, in addition to saving time, optimizing resources, and future-proofing your investment.
This time-efficient integration is designed to simplify the export of your master data and the financial postings of your expense reports, cash advances, invoice, and payroll documents.
Master data is constantly exported, meaning that all new hires and cost objects will be automatically reflected on your Concur system.
End-to-end, automated data synchronization between SAP Concur and your SAP business applications and SAP S/4HANA provides you more visibility into your employee spend. Integrating the world’s most powerful solutions for spend management with your SAP business applications means you can more effortlessly and accurately manage expenses to get a complete view of your company spend in one place.
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