The Future of
Travel & Expense at
With their relentless focus on the future, consumer electronics companies are defining the way we all live, work, and play. But innovation doesn’t stop with their products. Forward-thinking companies like Samsung Electronics take this same passion for pushing the boundary of what’s possible and apply it to their own internal processes, like employee spend management.
By using a single global solution for travel and expense (T&E) management, you can better manage spend in-country and internationally across business divisions, leading to simplified global business operations, lower costs, and
data insights to support business growth.
Connected,
Global T&E Data
By centralizing spend data from employees in each Samsung Electronics business division into one system, you’ll get a single view of T&E spending. This allows you to better track and see spend even before it happens, eliminate data silos, and protect your business with governance, risk, and compliance solutions.
Benefits of a Global T&E Solution
visibility across business divisions, countries, and subsidiaries to support global growth and M&A
Gain
processes, policies, and technology while eliminating data silos
Unify
efficiency and data sharing with consistent spending processes and policies within each division
Improve
global offices with tools to manage country-specific financial regulations, taxes, currencies, and duty of care
Equip
saved with SAP Concur by standardizing their expense processes.
JP Morgan Chase
$50 million
case study library
Learn how global enterprises use T&E to spur innovation while saving time and money.
IBM deployed a single expense management solution across 100 countries.
CEO Spend Trend: Driving Continuous Innovation
As a company leader, the CEO’s job is to empower employees to do theirs. By using automation to free employees from manual T&E tasks, company leaders empower their employees to focus on the high-value initiatives that will ultimately drive the business forward.
Today’s best-in-class T&E solutions leverage AI and machine learning to deliver personalized travel experiences, automate the capture of expense data, eliminate data silos, and integrate employee spending data across the organization.
The right T&E solution, combined with an integrated next-generation ERP, can completely transform an organization’s ability to understand employee spend, respond to opportunities, pivot towards optimal outcomes, and improve the way employees work.
Leaders who believe technology is critically or very important to retaining a competitive advantage
CEOs who report being challenged by the board of directors to make progress in digitizing the business
CEOs who said their digital improvements have already improved profits
93%
47%
56%
What you need to know to support growth with innovative T&E.
Leadership Library
White Paper: The Robots Are Coming!
Video: Global Travel and Expense Innovation
Thanks to the cloud, IT spending is shifting away from in-house development towards best-in-class cloud applications. In fact, T&E is one of the more mature markets for cloud adoption:
Cloud-enabled T&E software applications keep clients’ systems on the cutting edge, taking advantage of recent trends like mobile, AI, and API integrations between services. In addition, cloud-based T&E can help Samsung Electronics reduce development time while minimizing the risk of downtime or time-to-market delays, allowing IT to focus resources on projects that best achieve the company’s strategic initiatives.
At the same time, seeking opportunities for seamless integration among key technologies, like SAP next-generation ERP and SAP Concur travel and expense management, can lower the IT function burden, reduce data silos, and expand visibility across data and employee spending.
CIO Spend Trend: Integrating Applications in the Cloud
In 2016, T&E enterprise apps were 83.5% cloud, and that will increase to 94% in 2021.
Discover how SAP ERP and SAP Concur T&E integration delivers
near real-time visibility to help businesses run better.
IT Library
Infographic: SAP ERP + SAP Concur Integration
Video: SAP ERP + SAP Concur Integration
For leading companies undergoing digital transformation, T&E automation is just the beginning. Innovative finance leaders go one step further by connecting every piece of spend data from every employee together, no matter how, when, or where it was spent.
By integrating all employee spend data, finance teams can have the insights and intelligence they need to make proactive, data-driven decisions about how the company’s money is spent, potentially saving millions of dollars.
CFO Spend Trend: Proactive Spend Management Beyond Automation
Of CFOs cite management of T&E costs as critical to optimizing working capital
88%
Learn more about how best-in-class T&E spend management can transform finance processes.
finance Library
Report: Oxford Economics:
How Finance
Leadership Pays Off
Video: Spend Management with SAP Concur
According to an IDC study, enterprises that used a global, cloud-based solution to attain a high level of business T&E management maturity were able to achieve substantial business value.
The ROI of a
Connected Global solution
Average three-year ROI
482%
Average payback period
7.3
months
Average expense report
time savings
70%
Average travel planning
time savings
49%
Average reduction in lost receipts
54%
Average internal report and travel rule compliance increase
35%
1 SAP and Oxford Economics,
2 Gartner, , 2017
3 Ibid
4 IDC, , July 2017
5 SAP and Oxford Economics,
6 SAP Concur and IDC,
Sources
©2018 SAP Concur or an SAP affiliate company. All rights reserved.
4 Ways Leaders Set Themselves Apart
2017 CEO Survey: CIOs Must Scale Up Digital Business
Worldwide Travel and Expense Management Software Forecast, 2017-2021
How Finance Leadership Pays Off
Driving Business Value Through Travel and Expense Management Maturity
JP Morgan Chase saved $50 million from standardized workflows.
Cardinal Health reduced expense reporting time by 83%.
The Future of Travel & Expense
Connected, Global T&E Data
CEO Spend Trend
CIO Spend Trend
CFO Spend Trend
The ROI of a Connected Global Solution
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Odae Kwon
Contact your
SAP Concur Korea team
JaeSung Kim
Barry Long
Strategic Sales Director
Managing Director, Korea
VP of Strategic Accounts, Asia Pacific
sapconcur.apjglobalaccounts@sap.com