 |
Concur vs TripActions
September 27, 2023 | Author: Adam Levine
20
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.
12
TripActions takes the pain out of corporate travel management with a complete solution that helps businesses control costs and keep employees happy
See also:
Top 10 Business Travel services
Top 10 Business Travel services
Concur and TripActions are both popular travel and expense management platforms that offer solutions for businesses, but they have some key differences in terms of features, approach, and target audience.
Concur, owned by SAP, is a comprehensive travel and expense management platform that provides solutions for managing travel bookings, expense reporting, and reimbursement processes. It offers features like travel booking integration, receipt scanning, policy enforcement, and reporting analytics. Concur is known for its robust functionality and extensive integrations with various travel providers and financial systems. It caters to a wide range of businesses, from small companies to large enterprises.
TripActions, on the other hand, takes a more holistic approach to travel management by combining travel booking and expense management with a strong focus on employee experience. It provides a user-friendly interface and personalized travel options, aiming to enhance employee satisfaction and streamline the entire travel process. TripActions offers features like real-time travel booking, travel policy enforcement, expense tracking, and reporting. It primarily targets mid-sized to large companies that value employee-centric travel experiences.
See also: Top 10 Business Travel services
Concur, owned by SAP, is a comprehensive travel and expense management platform that provides solutions for managing travel bookings, expense reporting, and reimbursement processes. It offers features like travel booking integration, receipt scanning, policy enforcement, and reporting analytics. Concur is known for its robust functionality and extensive integrations with various travel providers and financial systems. It caters to a wide range of businesses, from small companies to large enterprises.
TripActions, on the other hand, takes a more holistic approach to travel management by combining travel booking and expense management with a strong focus on employee experience. It provides a user-friendly interface and personalized travel options, aiming to enhance employee satisfaction and streamline the entire travel process. TripActions offers features like real-time travel booking, travel policy enforcement, expense tracking, and reporting. It primarily targets mid-sized to large companies that value employee-centric travel experiences.
See also: Top 10 Business Travel services
Concur vs TripActions in our news:
2020. TripActions secures $500M credit facility for its new corporate travel product
TripActions, a unicorn startup based in Palo Alto and focused on corporate travel, has secured a significant credit facility of half a billion dollars. This funding will play a crucial role in supporting the launch of TripActions' second product line, known as TripActions Liquid. This new service addresses the needs of companies that do not provide corporate cards to their employees, offering an alternative to using personal cards for covering expenses related to corporate travel. By utilizing TripActions Liquid, employees can avoid shouldering the financial burden of business expenses. With TripActions Liquid easing the financial aspect and the TripActions platform streamlining the travel booking process, this development has the potential to improve the experience of working professionals in the corporate world.
2019. Corporate travel platform TripActions raised $250M
TripActions, a travel booking service designed specifically for large enterprises, has secured $250 million in Series D funding. Established in 2015, TripActions aims to replace outdated travel booking systems by offering a platform that seamlessly integrates with company HR and expense systems. With TripActions, business travelers can easily arrange flights, hotels, and transportation, while benefiting from round-the-clock global support provided by the startup's team. The funding will be utilized to accelerate the company's international expansion. Presently, TripActions boasts a workforce of 700 employees and maintains offices in cities like London, Sydney, and Amsterdam, among others.
2018. Corporate travel startup TripActions raises $154M
TripActions, a prominent travel startup based in Silicon Valley, has successfully raised $154 million in another round of venture capital funding, resulting in a valuation of over $1 billion for the corporate travel management company. TripActions offers a comprehensive corporate travel platform that seamlessly integrates with company HR and expense systems. Through TripActions, business travelers can easily arrange flights, hotels, and transportation, with around-the-clock global support provided by the startup's dedicated staff. Notable companies such as Dropbox, Lyft, Twilio, Allbirds, and Tuft & Needle have chosen TripActions as their travel management solution. The company has expanded its platform by introducing additional features such as TripActions Luxe, a VIP program catering to executive travelers, and TripActions' in-house Meetings & Event solution for group travel. Moreover, TripActions has developed the Guest Invite Portal, specifically designed for HR and recruiting teams. Recently, TripActions established its European headquarters in Amsterdam, which serves as an engineering and data science hub. With the recent investment, the company plans to further invest in research and development (R&D), artificial intelligence (AI), and machine learning to enhance its services.
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.
