Team Liquid: Streamlining expense management in the cloud to support organizational growth

Learn how Team Liquid has simplified expense management and enhanced spending visibility using Concur Expense. Download the Document

1INTERNAL SAP Only (delete if public)Team Liquid: Streamlining expensemanagement in the cloud to supportorganizational growthFounded in 2000, Team Liquid is a leading professional gaming organization with 160 professionalplayers across 15 games and a fan base of 10 million. Recognized as a powerhouse in the esportslandscape, it has won 120 major titles and over US$43 million in prize money.With a rising number of players and staff traveling around the globe, Team Liquid was challengedby its legacy nonintegrated expense management system. It was time-consuming to track creditcard transactions and difficult to provide support for global travelers. With limited spendingvisibility, the company was reluctant to provide corporate cards, so many employees had to usepersonal cards and manually file expense reports, creating a resource-intensive reimbursementprocess for HR and payroll. Seeking an efficient expense management solution, Team Liquidlooked to the cloud.Picture Credit | Team Liquid, Santa Monica, California. Used with permission.
2INTERNAL SAP Only (delete if public)“Because we have so much more visibility into spend,we are more comfortable providing cards to employees,and this gives us more useful data to make better businessdecisions and negotiate with suppliers.Kasper Sanderink, Financial and Operational Manager, Team LiquidTeam LiquidSanta Monica, Californiawww.teamliquid.comIndustryMedia, sports, and entertainmentEmployees>250Products and servicesProfessional esports team400%Increased productivity inreimbursing employees21 daysFaster on average tocomplete travel expensereport processingBefore: Challenges and opportunities Fast-growing organization, with a rising number of players and staff traveling around the globe Legacy expense management solution that lacked support, could not scale internationally, andwas not integrated with its ERP application Inefficient and time-consuming processes for tracking credit card transactionsWhy SAP Automated approval and reimbursement processes enabled by the Concur Expense solution Built-in compliance workflows, easing the burden of receipt management for employees and theorganization Flexibility to smooth integrations with finance and HR systems Comprehensive reporting functionality embedded in a cloud-based solutionAfter: Value-driven results Eliminated manual processes and enabled real-time expense report management Automated expense report approvals and other compliance tasks, such as mandatory registrationof participants in company-paid meals, simplifying the process and improving accuracy Enhanced spending visibility, enabling confidence in providing prepaid cards and resulting inbetter business decisions and stronger supplier negotiationsKeeping up with fast organizational growth using automated travelexpense reimbursement in the cloud with Concur Expense93744enUS (24/07) © 2024 SAP SE or an SAP affiliate company. sap.com/terms-of-useFeatured solutionConcur Expense