What is savings in SAP BNS-CON - Concur?

SAP Term: savings

• Component: BNS-CON

• Component Name: Concur

• Description: A type of banking account where writing checks is not allowed by the bank and characterized by more deposits and fewer expenditures for the purpose of wealth accumulation rather than paying routine expenses.

Smart SAP Assistant

• Key Concepts: 
  Savings in the context of BNS-CON Concur Expense refers to the ability to reduce costs associated with employee expenses. This is done by leveraging the software’s features to automate and streamline the expense management process. This includes features such as automated approval workflows, automated data entry, and real-time visibility into spending. 
  
  How to use it: 
  To take advantage of savings in BNS-CON Concur Expense, users should first set up their expense policies. This will ensure that all employees are aware of the rules and regulations for submitting expenses. Once the policies are in place, users can then leverage the software’s features to automate and streamline the expense management process. This includes features such as automated approval workflows, automated data entry, and real-time visibility into spending. 
  
  Tips & Tricks: 
  To maximize savings in BNS-CON Concur Expense, users should take advantage of the software’s reporting capabilities. This will allow them to gain insights into spending patterns and identify areas where costs can be reduced. Additionally, users should also take advantage of the software’s integration capabilities to ensure that all employee expenses are tracked and accounted for in a single system. 
  
  Related Information: 
  For more information on how to use BNS-CON Concur Expense to save money, please refer to the official documentation here: https://help.concur.com/en/expense/savings_with_concur_expense.html