Case Study: AgriBank achieves faster, more transparent expense and invoice management with SAP Concur

AgriBank cuts AP time by 50% with SAP Concur

AgriBank, a large funding bank within the Farm Credit System, faced a manual, inefficient expense process reliant on paper receipts and spreadsheets. They sought an electronic solution to automate expense and invoice management and also wanted to offer this improved process to the Farm Credit Associations they serve. They partnered with SAP Concur to implement its Concur Expense and Concur Invoice solutions.

SAP Concur provided an automated workflow with customized audit rules, mobile receipt capture via ExpenseIt, and near real-time budget visibility. The solution cut accounts payable processing time for expense reports by 50%, streamlined invoice payments, and provided managers with mobile tools for approvals and budget oversight. SAP Concur delivered significant efficiency gains, an improved user experience, and strengthened AgriBank's service offerings to its client associations.

AgriBank