IDC Worldwide Travel and Expense Management Software Market Shares, 2022
We are pleased to announce that SAP is again ranked #1 for global market leader in travel and expense management software, as IDC confirms in the most recent Worldwide Travel and Expense Management Software Market Shares 2022 Report.1
Businesses are under greater pressure to manage new working and travel paradigms and formats among their workforces. In this report, IDC discussed changes in travel and expense management software, as well as how technology providers should respond. Key findings include:
- Blended business/leisure travel, remote work, and location-independent “digital nomads” are having a lasting impact and bringing additional complexity to management and compliance for companies.
- Generative AI is major news, and technology providers should make a clear case for the advances possible in cash management, reporting, and budgeting/planning.
- Focus on people in T&E workflows in addition to data because the user experience – from mobile tools and real-time communication -- influences employee satisfaction and the success of processes.
- Provide seamless integration so that data flows easily between all key finance team functions and to key outsiders – from regulators to investors to customers – because that will provide a full picture of cash flow.
SAP is proud to be among the companies and solutions included within this report. SAP Concur gives businesses the power to automate, connect, and simplify their travel and expense processes with an integrated, intelligent portfolio of solutions, including Concur Travel and Concur Expense.
For more details about the travel and expense software landscape, download the IDC Worldwide Travel and Expense Management Software Market Shares, 2022 report excerpt.