Implementing automated solutions, like SAP Concur, provide tangible benefits that increase productivity and save businesses both time and money. They offer unparalleled visibility into spend and deliver useful and relevant data that can improve business function.
For Canadian companies, Cirque du Soleil, Stemcell Technologies and BrettYoung, bringing automation to their finance department has resulted in significant transformation. They’ve found that reports are submitted on time, processes are standardized and the time it takes for accounting to review reports has dropped dramatically, in some cases by as much as 65 per cent. These advantages have enabled these three Canadian companies to stay competitive and grow.
When Cirque du Soleil was founded in rural Quebec more than 30 years ago, managing finance reports wasn’t a top priority. Now that the company has grown to a payroll of more than 4,000 employees, 18 global performances and a supplier roster of more than 16,000, it’s become imperative.
Cirque du Soleil credits automated finance systems with enabling the company to manage its tremendous growth from a financial standpoint.
“We used to have a lot of manual and Excel-built different systems,” says Eric Marceau, senior vice president of finance, legal and procurement. “By implementing automated expense technology, we were able to standardize our whole process worldwide. The potential is there for us to have much more visibility on how and where we spend our money.”
Stemcell Technologies, a biotechnology company, found many challenges in managing and maintaining a traditional expense reporting system. Having to keep track of paper receipts and the lengthy manual process meant reports were often submitted late.
Since implementing an automated expense solution, employees have found that submitting expense reports can be easy and intuitive. “Our employees were desperate to join the beta testing pool when we first considered adopting Concur Expense,” says Kirsty Legge, senior finance manager at Stemcell Technologies.
At family-owned seed production, distribution, sales and marketing company BrettYoung, maintaining employee passion is a high priority. BrettYoung implemented automated expense reporting in 2012 so that employees could spend less time on administrative work and more time on the jobs they love.
“The time savings are apparent at every level,” says Gisèle Gratton, assistant controller for BrettYoung. “The unnecessary extra hours we once spent processing expenses manually is actually distressing.” BrettYoung has now reduced the time it took for accounting to review expenses by over 65 per cent and has since implemented additional cloud-based technologies.
Kevin Craig, Managing Director, SAP Concur Canada.
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