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Concur vs TravelBank
September 27, 2023 | Author: Adam Levine
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SAP Concur's easy-to-use business travel and expense management software solution helps your business save time, money and gain control. The Concur booking tool makes business travel a snap—starting with customized options that align with your company policies. You can also upload electronic folios, directly to expense reports. Concur provides full visibility into spend and the ability to ensure policy and regulatory compliance.
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All-in-one expense and travel solution to manage business spend. Improve team productivity by making it fast and easy for employees to track spend, even when they work from home. Our integrated solution automates reporting and improves visibility into spend.
See also:
Top 10 Business Travel services
Top 10 Business Travel services
Concur and TravelBank are both popular travel and expense management platforms, but they differ in various aspects. Concur, owned by SAP, is a comprehensive, enterprise-level solution known for its scalability and robust features. It caters to large organizations with complex travel and expense management needs, offering integrations with a wide range of travel providers and an extensive suite of expense reporting tools. In contrast, TravelBank is a more user-friendly, cost-effective option, often chosen by small to medium-sized businesses. It simplifies the booking of flights and hotels and streamlines expense reporting, making it ideal for companies with straightforward travel requirements.
See also: Top 10 Business Travel services
See also: Top 10 Business Travel services
Concur vs TravelBank in our news:
2016. Travel and expense management platform Concur acquired travel search Hipmunk
Concur, the renowned travel and expense platform, acquired by SAP for $8.3 billion in 2014, has recently announced its latest acquisition. Concur is purchasing Hipmunk, a travel search startup, with plans to seamlessly integrate it into its existing platform. While Concur already offers search capabilities, as a current Concur user, I can confirm that there is room for improvement, which Hipmunk's inclusion is expected to address effectively. Concur has a history of acquiring startups to enhance its functionalities, such as TripIt, which enables users to track and share travel plans, and investments made in ClearTrip. This acquisition reflects Concur's commitment to continually enhance its platform and provide a comprehensive travel and expense management solution.
2014. SAP acquires travel and expense management service Concur
SAP has made a significant move by acquiring Concur, the expense and travel management solution, for a whopping $8.3 billion. Concur boasts an impressive user base of approximately 25 million individuals across more than 150 countries. Interestingly, in 2011, Concur itself acquired the travel organizer TripIt. This acquisition places SAP in control of Concur and allows them to claim ownership of 50 million cloud users. As part of this agreement, Concur will collaborate with SAP to develop mobile applications that are contextually aware, while SAP will begin utilizing Concur's travel and expense management services. The acquisition is projected to conclude either in the fourth quarter of this year or the first quarter of 2015.
