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bookmap_Positioning_Travel_and_Expense_Solutions_en-US_learning-sap-com_lsc-prod_batchid_466075.zip (BUILDER-INGRESS) - 2025-02-13T08:13:15.000Z

Explaining the Importance of Travel and Expense Solutions

bookmap_Positioning_Travel_and_Expense_Solutions_en-US_learning-sap-com_lsc-prod_batchid_466076.zip (BUILDER-INGRESS) - 2025-02-13T08:14:21.000Z

<div id="content"><p tabindex="0">The global business travel market size was valued at USD 1,380 billion in 2023 and is projected to grow to USD 2,700 billion by 2032 according to the Global Business Travel Association (GBTA). Business travel has recovered to its pre-pandemic levels in 2024, but it’s not as easy as saying it’s back to "normal". Corporate travel is constantly evolving and organizations need to keep a close track on key trends to ensure their travel and expense policies keep up and are fit for purposes.</p><p tabindex="0">Considering that after payroll, travel-related spend is often the second largest line item on a business’s budget, organizations must manage all that money effectively. Customers who invest in travel and expense solutions can automate these processes, reduce out of policy spend, provide duty of care to their employees, and gain greater visibility into all their employee spend channels.</p></div>

The Travel and Expense Market

<div id="content"><p tabindex="0">SAP Concur is the world’s leading provider of travel and expense (T&amp;E) management solutions. With over 30 years in this market sector, SAP Concur has re-imagined and transformed the experiences of business travelers and organization leaders by continually innovating and improving upon our suite of products. Being 100% cloud based since 1998 has meant that our solutions are fully scalable and used by over 40,000 customers across the globe, from small start-ups to the largest government agencies.</p><p tabindex="0">The following video provides an overview of our evolution and key moments on our organization’s time line.</p><div class="kalturaVideoLessonWrapper"><div aria-label="" class="kalturaVideoLessonContainer" data-testid="video" id="1_5fsd5dt0"></div></div></div>

The Evolution of SAP Concur

Discovering Travel & Expense Solutions

Concur_Evolution_of_SAP_Concur_Short.mp4

This video will cover an overview of the major milestones for SAP concur, so you can understand a bit about our history and our culture that drives our continuing innovation. At the end of this video, you will be able to share the history that got us where we are now, and you'll be able to articulate the current company landscape that is driving the future vision of our business. How do we come to be the leader in our field? Review the dates along the timeline to learn about. SAP concur major milestones. The story of SAP concur is one of big bets and constant reinvention based on new innovations. It started in 1993 and SAP Concur, the known as Maria Software, was operating out of the creator's apartment. 2001. After starting the transition to the web in 1998, in 2001 the company was one of the first to move to cloud -based computing. This was a radical idea at the time. People had a very negative reaction to cloud computing at first. In the end, the bet paid off and as customers realized that cloud-based software and services was the future. The company began to grow at an amazing rate. 2006, through our acquisition of OutTask, we were the first company to integrate travel and expense in one website, with different tabs for different workflows. To date, there hasn't been a competitor that has done this as effectively as we have. This integration led to us skyrocketing as a company. 2012. In 2012, we launched Triplink, allowing company's visibility into out-of-program spend. By emailing receipts into Concurr, using Tripit Pro in countries where it is available, customers can book directly on vendor sites while still seeing negotiated rates, staying in policy, and having their itineraries and expenses automatically populate and concur. 2014. In September of 2014, Concur was acquired by SAP. The purchase prices of of $8.3 billion was the largest acquisition price in SAP's history. SAP's vision of becoming the market leader in cloud business software led them to recognize our value to their overall strategy. Given our similar culture and goals, Concur leadership thought it was a perfect perfect match and we now leverage our connections with SAP and our technologies. 2018. Concur officially merges brands with SAP in January of 2018 to become SAP Concur. This new branding helps us to leverage the SAP name and reputation in the business world, improving sales to SAP and non-SAP customers alike. 2022, SAP Conquer Launches a solution extension program, offering customers an extended portfolio of solutions to enhance common business processes such as VAT reclaim and event management. 2023, SAP Concur Launch our new Concur Travel Solution. We are transforming the business travel experience by developing the business travel experience by developing the travel platform of the future across the entire travel solution ecosystem. 2024, using AI, SAP Concur creates the perfect expense experience for our customers, one where expense reports practically write themselves. Thank you for watching this video. Where we began is incredibly important to this company, and integral to your understanding of where we are going in the future.