The ship management group now has clear visibility on its corporate spend and finance
HONG KONG, CHINA - Media OutReach - 14
December 2018 - SAP Concur®, the world's leading provider of expense, travel
and invoice management solutions, today announced that it has successfully
implemented the expense management process for ship management group
Anglo-Eastern, standardizing it on a single platform, thus enabling the company
to gain full control and visibility of its corporate spend and finance.
Headquartered in Hong Kong, Anglo-Eastern offers shipping
companies global services to manage their fleets, crew, technical needs,
newbuildings, and other special projects and related requirements. With more
than 25 offices in Asia Pacific, Europe and the Americas, Anglo-Eastern's
workforce is spread across multiple locations around the world. Dealing with
manual forms and processes when trying to obtain employees' expense claims
every month was affecting the timeliness in processing client invoicing, which
in turn was impacting cashflow management.
Anglo-Eastern wanted to find a solution that could help
provide a better experience for its employees, especially those on the road,
whilst eliminating troublesome and lengthy processes via the delivery of a
connected platform through which employees can manage expense claims on the go,
using any smart device. Likewise, its management team was keen to gain greater
visibility and insights on its corporate spend to help with planning and
strategic decision-making. After a review of the market, Anglo-Eastern selected
SAP Concur for its ability to meet all of these criteria via its cloud-based
"SAP Concur has helped Anglo-Eastern with our finance
transformation journey by streamlining and standardizing our expense management
process across all regions," said Mark Stevenson, Chief Financial Officer of
Anglo-Eastern. "Our management now has complete visibility of its corporate
spend with the kind of intelligence that empowers better planning and drives
more strategic decisions. The new system can run analytics and use the data
gathered to understand where money is spent and how this ties to business performance,
proactively identifying areas for business growth. Furthermore, our finance
team and employees can enjoy a more satisfying user experience."
With an integrated spend management system, the Anglo-Eastern
finance team now has enhanced control and work process efficiency, which in
turn means more time for strategic tasks. Employees can also focus on their
jobs instead of dealing with deskbound manual expense claims, because they can
now submit their travel and entertainment (T&E) expense claims online
anywhere, any time.
SAP Concur, an SAP company, helps companies become
"Intelligent Enterprises" with increased visibility and control on corporate
spend. Going beyond automation of management processes, SAP Concur helps
enterprises leverage new technologies and data insights to make timely
responses to market and smarter fact-based decisions.
"We want to celebrate the integration between Anglo-Eastern
and SAP Concur and our successful implementation. This is one of several
innovative technologies as part of Anglo-Eastern's digital transformation and
we are delighted to be a part of this process," said Jeff Lam, General Manager
of Greater China at SAP Concur. "As a global leader in spend management, with
more than 50 percent market share in the T&E market globally, we strive to
help customers of all sizes across many different industries to keep a clear
view on their business finances and the bottom line."
About SAP Concur
For more than two decades, SAP Concur has taken companies of
all sizes and stages beyond automation to a completely connected spend
management solution encompassing travel, expense, invoice, compliance and risk.
SAP Concur's global expertise and industry-leading innovation keep its
customers a step ahead with time-saving tools, leading-edge technology and
connected data, in a dynamic ecosystem of diverse partners and applications.
User-friendly and business-ready, SAP Concur unlocks powerful insights that
help businesses reduce complexity and see spending clearly, so they can manage
it proactively. Learn more at concur.com.hk.