According to a recent Oxford Economics report, strong profitability and revenue growth are tied to effective cost control. However, managing spend is increasingly complicated. In the last 15 years, travel spend alone has doubled to more than $1.2 trillion.(1) Employee-initiated spend is today the second-largest expense in organizations.(2) These...
The strongest growth in travel from India in recent years has been from business travelers, and this led to a huge increase in business travel expenditures and budgets. With the growing trend of Indian women traveling on work, companies need to...
In the corporate world, companies continue to uphold the importance of in-person meetings for building and maintaining long-term work relationships and closing business deals. Business travel helps companies expand their business, meet new...
It’s a fact: When small and midsize businesses (SMBs) grow, time and money get stretched to the limit. Companies not only hire more people, invest in new equipment and work space, and buy more materials to produce products, but their employees...
Efficient automation is of paramount importance in the Travel and Expense industry as it reduces the scope of error. It makes business travel easier and more insight-driven for both businesses and travellers. Taking into consideration how business...
Digital transformation has been one of the biggest buzzwords of 2018, and the travel expense industry has not been immune to this trend. But, when we get down to the brass tacks, it’s a different picture. The reality is that even in the current...
In India - the world’s fastest-growing business travel markets - a considerable percentage of the rise in overall corporate travel is attributed to the rise of SMEs. Standing at the US$30 billion mark, corporate travel has huge potential with a...
At Concur, we're constantly thinking of ways to improve business efficiency for our customers. Read here to learn about our latest insights and thoughts regarding Expense, Travel, and Invoice!