The ship management group now has clear visibility on its corporate spend and finance

HONG KONG, CHINA - Media OutReach - 14December 2018 - SAP Concur®, the world's leading provider of expense, traveland invoice management solutions, today announced that it has successfullyimplemented the expense management process for ship management groupAnglo-Eastern, standardizing it on a single platform, thus enabling the companyto gain full control and visibility of its corporate spend and finance.

Headquartered in Hong Kong, Anglo-Eastern offers shippingcompanies global services to manage their fleets, crew, technical needs,newbuildings, and other special projects and related requirements. With morethan 25 offices in Asia Pacific, Europe and the Americas, Anglo-Eastern'sworkforce is spread across multiple locations around the world. Dealing withmanual forms and processes when trying to obtain employees' expense claimsevery month was affecting the timeliness in processing client invoicing, whichin turn was impacting cashflow management.

Anglo-Eastern wanted to find a solution that could helpprovide a better experience for its employees, especially those on the road,whilst eliminating troublesome and lengthy processes via the delivery of aconnected platform through which employees can manage expense claims on the go,using any smart device. Likewise, its management team was keen to gain greatervisibility and insights on its corporate spend to help with planning andstrategic decision-making. After a review of the market, Anglo-Eastern selectedSAP Concur for its ability to meet all of these criteria via its cloud-basedsolution.

"SAP Concur has helped Anglo-Eastern with our financetransformation journey by streamlining and standardizing our expense managementprocess across all regions," said Mark Stevenson, Chief Financial Officer ofAnglo-Eastern. "Our management now has complete visibility of its corporatespend with the kind of intelligence that empowers better planning and drivesmore strategic decisions. The new system can run analytics and use the datagathered to understand where money is spent and how this ties to business performance,proactively identifying areas for business growth. Furthermore, our financeteam and employees can enjoy a more satisfying user experience."

With an integrated spend management system, the Anglo-Easternfinance team now has enhanced control and work process efficiency, which inturn means more time for strategic tasks. Employees can also focus on theirjobs instead of dealing with deskbound manual expense claims, because they cannow submit their travel and entertainment (T&E) expense claims onlineanywhere, any time.

SAP Concur, an SAP company, helps companies become"Intelligent Enterprises" with increased visibility and control on corporatespend. Going beyond automation of management processes, SAP Concur helpsenterprises leverage new technologies and data insights to make timelyresponses to market and smarter fact-based decisions.

"We want to celebrate the integration between Anglo-Easternand SAP Concur and our successful implementation. This is one of severalinnovative technologies as part of Anglo-Eastern's digital transformation andwe are delighted to be a part of this process," said Jeff Lam, General Managerof Greater China at SAP Concur. "As a global leader in spend management, withmore than 50 percent market share in the T&E market globally, we strive tohelp customers of all sizes across many different industries to keep a clearview on their business finances and the bottom line."

About SAP Concur

For more than two decades, SAP Concur has taken companies ofall sizes and stages beyond automation to a completely connected spendmanagement solution encompassing travel, expense, invoice, compliance and risk.SAP Concur's global expertise and industry-leading innovation keep itscustomers a step ahead with time-saving tools, leading-edge technology andconnected data, in a dynamic ecosystem of diverse partners and applications.User-friendly and business-ready, SAP Concur unlocks powerful insights thathelp businesses reduce complexity and see spending clearly, so they can manageit proactively. Learn more at concur.com.hk.