Concur vs Oracle Financials Cloud

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Our analysts compared Concur vs Oracle Financials Cloud based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.

Concur Software Tool

Product Basics

SAP Concur is a Software-as-a-Service company that provides travel and expense management solutions. Created by a merger of the two companies in 2014, it effortlessly guides employees through every trip by populating charges into expense reports and automating invoice reports.

It automates data capture and accounts payable, uses real-time data and AI to audit transactions. It helps businesses keep an eye on what they are spending and there are no blind spots in the budget.
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Oracle Financials Cloud is a comprehensive suite of cloud-based financial management applications designed for mid-size to large enterprises. It automates and streamlines core financial processes, including accounting, financial reporting, payables, receivables, and project accounting. The solution boasts robust features like AI-powered insights, automated workflows, and global capabilities, making it a suitable choice for businesses seeking enhanced financial visibility and control. Users praise the platform's scalability, ease of use, and extensive functionality. However, some report occasional performance issues and a steeper learning curve compared to simpler solutions. Pricing varies based on modules selected and user count, typically starting from a monthly subscription per user. Overall, Oracle Financials Cloud offers a robust and scalable solution for managing financial operations, particularly well-suited for larger organizations seeking advanced features and global capabilities. However, potential users should consider the learning curve and pricing structure before adopting the platform.

Pros
  • Scalable
  • Automates tasks
  • Global capabilities
  • AI-powered insights
  • Robust features
Cons
  • Steep learning curve
  • Occasional performance issues
  • High cost
  • Complex setup
  • Limited customization
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$8/User, Monthly
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$2/User, Monthly
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Tailored to your specific needs
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Product Insights

  • Reduce Cost: Connect various sources of expense data and reduce the need for manual information entry. Make more intelligent business decisions with accurate and consolidated data. 
  • More Centralized Data: Connect with over 150 apps and spend data giving employees the freedom to work without hunting down information. 
  • Ensure Compliance: Automate policy upgrades to ensure compliance. Leave no room for non-compliance by flagging exceeded spending thresholds for the employees. 
  • Accessibility: Access the system by web or mobile app. Record expenses through the journey in the app while on the go. Manage travel and costs quickly and easily – including photographing receipts and attaching them to the expense claim. 
  • Go Paperless: Eliminate the need for paper receipts by storing all receipts in the receipt store. 
  • Easy Approval: Approve expenses across the different departments with real-time notifications. 
  • More Straightforward Invoice Management: Review the invoice and submit it without any manual intervention. 
  • Minimize Risk: Mitigate risk by importing feeds from travel suppliers and corporate credit card providers. Protect the business in tax season by creating an accurate audit trail. 
  • Transparency: Check for new ways to save money by gaining complete control over the organization’s funds. Keep a tab of open but unapproved expenses in the system. Report spending across each department to identify areas of excess. 
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  • Intuitive User Experience: Connect data from different sources (i.e., BI, social, transactions and more) to deliver it in an efficient, engaging way. 
  • Better Decision-Making: Collaborate with others on financial procedures for quick follow-ups on pending items with social modules. Users may also provide additional information about transactions and reports for informed decision-making. 
  • Complete Integrated Suite: Leverage this solution's complete internationalization support including number, date, name and address formatting and translate them into 26 languages. Users may also integrate spreadsheets with applications for high volume data entry and one-click uploads. 
  • Complete Control: Navigate the easiest path to the next generation of financing quickly and cost-effectively through this solution’s modern user experience. 
  • Real-Time Self-Serving Reporting and Analysis: Perform simple drilldowns for live transactions to gain real-time accounting information. 
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  • Real-Time Integration: See precisely what is being spent with real-time data and AI audits to help the businesses. Eliminate blind spots. 
  • Automate Rules: Automate and apply rules fairly and consistently so that everyone’s expectations are met and fraud is easily caught. 
  • Accounts Payable Automation: Automate the invoice process to catch duplicate entries. Save significant time with invoice tracking and quicker payments. 
  • Travel Integration: Record expenses incurred on work-related trips automatically. Prepopulate business travel information so it’s easy for employees to submit accurate claims for reimbursement. 
  • Analytics: Improve control over funds, examine productivity and increase compliance with automated, fast and accurate reporting. 
  • Budget: Get a consolidated view of revenue and expenses in real time on an easy-to-use dashboard to identify gaps and make well-informed decisions. 
  • Drive: Capture mileage to ensure compliance, reduce fraud, cut costs and reimburse employees adequately. 
  • Audit: Ensure all employees are compliant and each dollar spent is certified against the company’s policy with a receipt audit service. 
  • Payment Solution: Automate and simplify vendor payment and reimbursement. 
  • Company Bill Statements: Centralize company cards and financial statements that capture total spend and maintain policy control. 
  • Travel: Ensure every employee is supported with travel insights, regardless of where the trip is booked. 
  • TripLink: Connect travelers and itineraries across multiple channels. Apply policies to direct booking to boost compliance and locate and support travelers. 
  • TripLink Connected Suppliers: Set up direct connections with suppliers. Integrate with Locale to ensure proper communication with the travelers. 
  • Invoice: Get real-time visibility into financial components, boost cash flow, ensure compliance and minimize security risks. 
  • Other Products: Provide end-to-end, automated data synchronization with the vendor’s suite of products granting visibility into the employee spend and ensuring effortless and accurate management of expenses. 
  • Free Trial: Get the free trial for a demonstration of spend management solutions, travel management. Use the sample information provided or snap a receipt from a phone or computer to see the program in action. 
  • Multiple Scanning Options: Upload receipts to the expense report through using various methods. Scan it in the app, uploading a picture via the web or the receipt through email. 
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  • Ledger and Analytics: View and interact with account balances from different perspectives. Analyze account balances by any dimension in real-time. 
  • Collections Overview: Rank patrons uniquely with the configurable scoring extension on the collections overview module. Users may also utilize payment management to improve cash flow with promise and payment capabilities. 
  • Generate Expense Reports: Create and submit expense reports with ease. Policy controls enable expense management controls using approvals and audits. 
  • Accounting Hub: Create a centralized location of financial data for bookkeeping teams to trust. Users receive full insights into financial information from multiple locations such as ledgers, subledgers and verified references.  
  • Quick Receivables: Manage the entire quote-to-order-to-cash process with just a few clicks. Seamlessly create customer invoices and receive/apply customer payments. 
  • Revenue Management: Recognize revenue for performance obligations at a specific point in time or over-time with the revenue management apparatus. This module also highlights liabilities and assets for performance obligations valued at due consideration. 
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Product Ranking

#32

among all
Accounting Software

#12

among all
Accounting Software

Find out who the leaders are

Analyst Rating Summary

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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

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Accounts Payable Accounts Receivable Banking And Cash Management Budget And Expense Management Financial Statements And Revenue Management General Ledger And Chart Of Accounts Integration And Extensibility Inventory Management Journal Entries Mobile Support Multi-company Accounting And Asset Management Platform Capabilities Project Accounting Reporting And Analytics Tax Management 0 72 97 76 68 100 0 67 97 0 67 0 100 0 91 0 25 50 75 100
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User Sentiment Summary

Great User Sentiment 10098 reviews
Great User Sentiment 656 reviews
81%
of users recommend this product

Concur has a 'great' User Satisfaction Rating of 81% when considering 10098 user reviews from 5 recognized software review sites.

82%
of users recommend this product

Oracle Financials Cloud has a 'great' User Satisfaction Rating of 82% when considering 656 user reviews from 5 recognized software review sites.

4.7 (11)
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Awards

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SelectHub research analysts have evaluated Oracle Financials Cloud and concluded it earns best-in-class honors for Deployment Options.

Deployment Options Award

Synopsis of User Ratings and Reviews

Streamlined Expense Reporting: Concur simplifies the often tedious process of creating expense reports, allowing users to easily track and submit expenses, which can then be quickly approved and reimbursed. This can save both employees and the accounting department significant time and effort.
Mobile Accessibility: The Concur mobile app enables users to manage expenses on-the-go, offering convenience and flexibility for business travelers. Users can capture receipts, track mileage, and submit reports directly from their mobile devices.
Integration with Accounting Systems: Concur integrates seamlessly with popular accounting software, such as QuickBooks and Xero. This integration streamlines the financial workflow by automatically syncing expense data with the accounting system, reducing manual data entry and the risk of errors.
Policy Compliance: Concur helps organizations enforce travel and expense policies by automatically flagging any out-of-policy expenses during the submission process. This feature promotes compliance and reduces the risk of unauthorized spending.
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Streamlined workflows: Oracle Financials Cloud automates manual tasks like data entry and reconciliation, freeing up valuable time for accountants and finance professionals to focus on strategic analysis.
Enhanced visibility: Real-time dashboards and comprehensive financial reporting provide clear insights into financial performance, enabling data-driven decision-making.
Improved accuracy: Automated workflows and AI-powered features help reduce errors and ensure data integrity, leading to more reliable financial information.
Scalability: The cloud-based platform easily scales to accommodate business growth, eliminating the need for costly infrastructure investments.
Global capabilities: Support for multi-currency transactions and international operations facilitates global business expansion.
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Clunky User Interface: Users frequently report that Concur's interface feels outdated and cumbersome, making simple tasks like submitting expense reports or booking travel more time-consuming than necessary.
Mobile App Issues: The mobile app is often criticized for being buggy and unreliable, with features that are limited compared to the desktop version. This can be frustrating for users who rely on their mobile devices for managing expenses on the go.
Integration Challenges: Integrating Concur with other business systems, such as accounting software or HR platforms, can be a complex and technically challenging process, requiring significant IT resources and expertise.
Customer Support Concerns: Some users have expressed dissatisfaction with the quality and responsiveness of Concur's customer support, citing long wait times and difficulty resolving issues effectively.
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Steep learning curve: The platform's extensive features and complexity can be challenging for new users to learn and navigate.
Occasional performance issues: Some users report experiencing occasional slowdowns and glitches, impacting their workflow.
High cost: Subscription fees and implementation costs can be significant, particularly for smaller organizations.
Limited customization: Extensive customization may require coding expertise or reliance on Oracle consultants.
Complex setup: Implementing and configuring the platform can be a lengthy process, especially for larger organizations with complex needs.
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Overall, Concur has garnered a reputation as a comprehensive and reliable solution for managing expenses, travel, and invoices. Users frequently praise its ability to streamline expense reporting, automate tasks, and provide real-time visibility into spending. The mobile app receives kudos for its user-friendly interface and offline functionality, making it easy for employees to capture receipts and submit expenses on the go. Concur's integration with travel booking platforms and credit cards is a major plus, simplifying the process of reconciling expenses and ensuring accuracy. However, some users find the initial setup and configuration to be complex, requiring significant time and effort. Additionally, the system's flexibility can be a double-edged sword, as extensive customization options may overwhelm some users. Concur's pricing structure, often based on the number of users and transactions, can be a concern for smaller businesses. Despite these drawbacks, Concur's strengths in automation, integration, and mobile accessibility make it a top choice for mid-sized to large organizations with complex expense management needs and a desire to enhance efficiency and control over spending.

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Oracle Financials Cloud users express mixed opinions, highlighting both its strengths and weaknesses. Many praise its automation capabilities, improved visibility, and scalability, finding it a powerful tool for streamlining their accounting and finance operations. One user stated, "Oracle Financials Cloud has freed up our team from tedious data entry tasks, allowing us to focus on more strategic analysis." Others appreciate the platform's real-time dashboards and comprehensive reporting, noting that "it provides us with the clear insights we need to make informed decisions." Additionally, its scalability is seen as a significant advantage, especially for growing businesses. A user commented, "We were able to seamlessly scale Oracle Financials Cloud to accommodate our rapid expansion, without any infrastructure headaches." However, some users find the platform's learning curve steep and report occasional performance issues. One user noted, "It took our team some time to get comfortable with the interface and all the features." Others have experienced slowdowns and glitches, impacting their workflow. A user remarked, "There have been instances where the platform has been slow or unresponsive, which can be frustrating at times." Cost also presents a significant concern for some users, as the subscription fees and implementation costs can be substantial. One user stated, "The cost of Oracle Financials Cloud is definitely on the higher end, which may not be feasible for smaller organizations." Additionally, the platform's limited customization options can be frustrating for users with specific needs. A user commented, "We would prefer more flexibility in customizing the platform to meet our unique requirements." While users acknowledge the existence of similar products like SAP S/4HANA and NetSuite, they often highlight Oracle Financials Cloud's automation features, global capabilities, and robust reporting as key differentiators. One user noted, "The automation capabilities of Oracle Financials Cloud are far superior to other solutions we evaluated." Another user commented, "The platform's support for multi-currency transactions and international operations is a huge advantage for our global business." Finally, users appreciate the comprehensiveness and flexibility of the reporting tools, with one user stating, "The reporting capabilities of Oracle Financials Cloud are unmatched, allowing us to create the reports we need in a format that works for us." Overall, user reviews paint a complex picture of Oracle Financials Cloud. While it boasts powerful features and capabilities, its steep learning curve, performance issues, and high cost can be significant drawbacks. Ultimately, the decision to use Oracle Financials Cloud hinges on an organization's specific needs, budget, and technical expertise.

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