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Bill.com vs Concur
September 27, 2023 | Author: Michael Stromann
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Bill.com brings smart AP and AR automation and new bill payment capabilities to your business. The intelligent way to create and pay bills, send invoices, and get paid.
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SAP Concur's easy-to-use business travel and expense management software solution helps your business save time, money and gain control. The Concur booking tool makes business travel a snap—starting with customized options that align with your company policies. You can also upload electronic folios, directly to expense reports. Concur provides full visibility into spend and the ability to ensure policy and regulatory compliance.
Bill.com and Concur are both financial management platforms, but they serve different purposes and target different aspects of business operations.
Bill.com focuses on streamlining accounts payable and accounts receivable processes. It offers features for invoice management, payment processing, automated workflows, and document management. Bill.com simplifies the payment and invoicing workflows for businesses, providing tools for electronic payments, approvals, and seamless integration with accounting systems.
Concur, on the other hand, is an expense management platform that helps businesses manage travel and employee expenses. It provides features for expense reporting, travel booking, receipt management, and reimbursement processes. Concur allows businesses to automate expense tracking, capture receipts digitally, and streamline the reimbursement workflow. It offers integration with various travel booking systems and accounting software to ensure accurate expense reporting and compliance.
See also: Top 10 Invoicing software
Bill.com focuses on streamlining accounts payable and accounts receivable processes. It offers features for invoice management, payment processing, automated workflows, and document management. Bill.com simplifies the payment and invoicing workflows for businesses, providing tools for electronic payments, approvals, and seamless integration with accounting systems.
Concur, on the other hand, is an expense management platform that helps businesses manage travel and employee expenses. It provides features for expense reporting, travel booking, receipt management, and reimbursement processes. Concur allows businesses to automate expense tracking, capture receipts digitally, and streamline the reimbursement workflow. It offers integration with various travel booking systems and accounting software to ensure accurate expense reporting and compliance.
See also: Top 10 Invoicing software
Bill.com vs Concur in our news:
2016. Travel and expense management platform Concur acquired travel search Hipmunk
Concur, the renowned travel and expense platform, acquired by SAP for $8.3 billion in 2014, has recently announced its latest acquisition. Concur is purchasing Hipmunk, a travel search startup, with plans to seamlessly integrate it into its existing platform. While Concur already offers search capabilities, as a current Concur user, I can confirm that there is room for improvement, which Hipmunk's inclusion is expected to address effectively. Concur has a history of acquiring startups to enhance its functionalities, such as TripIt, which enables users to track and share travel plans, and investments made in ClearTrip. This acquisition reflects Concur's commitment to continually enhance its platform and provide a comprehensive travel and expense management solution.
2014. SAP acquires travel and expense management service Concur
SAP has made a significant move by acquiring Concur, the expense and travel management solution, for a whopping $8.3 billion. Concur boasts an impressive user base of approximately 25 million individuals across more than 150 countries. Interestingly, in 2011, Concur itself acquired the travel organizer TripIt. This acquisition places SAP in control of Concur and allows them to claim ownership of 50 million cloud users. As part of this agreement, Concur will collaborate with SAP to develop mobile applications that are contextually aware, while SAP will begin utilizing Concur's travel and expense management services. The acquisition is projected to conclude either in the fourth quarter of this year or the first quarter of 2015.
