SAP Concur vs CWT – 2022 Comparison

There are a lot of tasks to execute, manage, and track when you have employees traveling, especially internationally.

If you want to design and manage a corporate travel program that works it is essential to partner a comprehensive business travel management software option with your corporate travel strategy.  The hardest part is to find the travel management solution that best suits you.

The travel management company (TMC) options are many, and in this article, we will help you evaluate core features, main strengths, and user reviews of both SAP Concur solution and CWT, and we have included another option, TravelPerk, that is well worth looking into.

SAP Concur

SAP Concur is one of the oldest travel and expense management software companies today. SAP Concur offers a complete suite of products for corporate travel management, expense tracking, and invoicing.  The three core capabilities of this software are:

• Concur Expense automates expense reporting, approval, and budgeting processes.
• Concur Invoice offers visibility into travel spending and manages the account payable (AP) process.
• Concur Travel simplifies business travel booking with an extensive network of suppliers.

SAP Concur core differentiators and strengths

SAP concur primarily caters to medium and large companies across different industries including healthcare, manufacturing, retail, non-profits, and finance. There is a range of product features that distinguish SAP Concur, such as:

• Integrated travel and expense platform: combines business travel and expense management.
• An integrated corporate travel system: consolidates travel data, enables employees to book and change reservations, and helps to meet the duty of care obligations. The Integration with TripIt Pro helps businesses with negotiated types of rates from suppliers with real-time alerts.
• Automated expense management: offers a large inventory for every budget range to modify spending policies as per business needs, and capture receipts on the go.
• Advanced finance auditing: uses artificial intelligence (AI) and machine learning to uncover fraudulent activities, analyze fund misuse trends, and cross-check expenses for faster reimbursement.
• All-in-one event management: simplifies attendee registration, employee location tracking, and event spending to avoid overspending.
• Automated AP management: enables vendor spending control through informed decisions with dashboards, and streamlines…