PayStream Advisors just learned of big news concerning one of our partners: Concur, a leading 
Travel and Expense (T&E) management provider, has just been acquired by one of the biggest names in financial automation, SAP. Though we are excited to hear of this new connection for Concur, we are not especially surprised, as the company has never failed to work towards greater improvement and innovation for their products and their customers.
Steve Singh, Concur CEO, announced the acquisition only yesterday. Because SAP delivers software and services to more than 261,000 companies globally, Mr. Singh expects new resources, expertise, and value for Concur customers, as well as greater opportunity for Concur to work with developers and partners to extend the capabilities of their platform. “We expect our focus on innovation and on the success of our customers to be even stronger in the years ahead,” said Mr. Singh.
The company already has a good eye on their customer’s needs, as they have made recent movements in many areas of the travel industry to bring innovative enhancements to their offerings. Earlier this year, Concur partnered with US Air to expand their corporate booking capability, and shortly after that they improved their TripLink capabilities to include a variety of unique hospitality and transportation options. Concur’s corporate customers can now use TripLink to easily expense their uses of Uber, AirBnB, and Starwood Hotels & Resorts. Overall, Concur’s recent improvements have provided companies with an increased visibility into travel spend, as well as an increased set of travel options.
Their recent acquisition is set to be completed early next year. In the meantime, Steve Singh urges open communication from his customers: “We value your feedback, and our whole leadership team, along with our account managers, is available to answer any questions you may have. We remain 100% committed to your success and thank you for your business.”
PayStream is looking forward to seeing what Concur will do next, and we are excited for this change. To see more about Concur’s innovation as seen in their solution’s offerings, download your free copy of the Travel and Expense Management Report.
