SAP Concur has announced a new partnership with Mastercard, aiming to streamline the expense process. The venture integrates transactions made on Mastercard corporate cards, enabling them to be logged and automatically populated in Concur Expense. Users are instantly notified if supplementary information is required, benefitting from real-time spend data. This allows for adherence to compliance obligations and enhances the user experience through automated expense creation. Additionally, clients can continue banking with preferred partners and retaining existing card schemes.
This forward-thinking alliance responds to data highlighting the dreariness faced by employees in dealing with expense reports. A previous SAP Concur Global Business Travel Survey unveiled that nearly one in every four business travellers would rather endure a trip to the dentist for a cavity filling than grapple with an expense report.
The expense reconciliation process is frequently time-consuming,…