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Nov 21Tue
  1. Tongcheng News Center

    Tongcheng Travel Delivers Strong 2023 Q3 Results

    Tongcheng Travel Holdings Limited (0780.HK) announced unaudited 2023 Q3 results. Revenue increased 61.1% year-on-year to RMB 3,299.3 million, adjusted net profit surged 146.5% to RMB 620.6 million, and adjusted EBITDA rose 88.2% to RMB 870.0 million. Average MPUs rose 20.1% to 44.2 million and APUs grew 12.1% to 224.7 million. Transportation ticketing revenue rose 70.3% to RMB 1,679.9 million, and accommodation reservation revenue grew 37.7% to RMB 1,127.4 million.

Nov 15Wed
  1. SAP Concur Blog

    T&E Tools Can Help as ESG Regulations Ramp Up

    An SAP Concur blog post notes that as new ESG disclosure rules, including those from the U.S. SEC, take shape beginning in 2024, companies face compliance pressure. An SAP Concur-commissioned Forrester survey found 60% of decision-makers identified sustainability as a critical or high priority, but only 45.7% of professionals in a Deloitte poll were confident in meeting new requirements. The article cites PwC Italia, which reduced CO2 emissions by 53% from 2019 to 2022 after standardizing its T&E process with SAP Concur solutions.

Nov 6Mon
  1. SAP Concur Blog

    On Business Travel, Parents and Non-Parents See Things Differently

    SAP Concur's 2023 Global Business Travel Survey found 99% of surveyed parents are willing to travel for business in the next 12 months, but 44% of parents say they travel more than they'd like, versus 25% of non-parents. Parents are more likely to identify a threat to business travel (95% vs 86%), and more concerned about health and safety (48% vs 37%) and international or local conflicts (37% vs 27%). 62% of parents changed accommodations in the past 12 months because they felt unsafe, versus 36% of non-parents.

  2. SAP Concur Blog

    How Procurement Leaders Are Driving Digital Transformation: SAP Concur Conversations with Amazon Bu…

    In the SAP Concur Conversations podcast, Satya Mishra, Director of Product Management at Amazon Business, and Jeanne Dion, Vice President of the Value Experience Team at SAP Concur, discuss procurement's shift from tactical to strategic. E-procurement paired with systems integration can reduce manual reconciliation, improve spend visibility and enhance the employee buying experience. For example, when an employee purchases on Amazon Business, data can flow instantly into Concur and be auto-reconciled.

  3. SAP Concur Blog

    Three Tips to Manage the End-Of-Year Expense Report Rush With Ease

    An SAP Concur blog post notes that according to 2022 customer data, the volume of expense reports in December was 20% higher than the rest of the year, putting pressure on finance teams and increasing the risk of late reimbursements. The article offers three tips: plan ahead and identify process bottlenecks; clarify expense policy and set cutoff dates; and use automation to improve processing efficiency. SAP Concur's Expense Payment Manager can automate payments to employees and corporate card partners in 25 currencies.

Nov 3Fri
  1. SAP Concur Blog

    SAP Concur Outlines Six Best Practices for CME Spend Management in Healthcare

    SAP Concur's blog outlines six best practices for managing Continuing Medical Education (CME) spend in healthcare, covering fair expense policies, compliance tools, regular budget balance communications, audit plans, visibility into out-of-system bookings, and simplified expense reporting. The article notes CME is critical for healthcare providers' licensure, yet travel and expense management is complex, with about 45% of CME hotel bookings made through direct channels, challenging compliance and duty of care.

Nov 2Thu
  1. SAP Concur Blog

    SAP Concur Releases Travel and Expense Performance Benchmark Report

    SAP Concur released a Travel and Expense Performance Benchmark Report based on data from its top 25% best-performing customers worldwide, helping businesses compare metrics such as expense approval time, rejection rates, corporate card usage, and booking channel visibility. Data is broken down by global region and company size (under 1,000 and 1,000+ employees), with a worksheet to help identify gaps and develop improvement plans.

Oct 30Mon
  1. SAP Concur Blog

    Automated Invoice Processing: A Game-Changer for Modern Businesses

    SAP Concur's blog explains how automated invoice processing uses AI, machine learning, and OCR to process invoices for accounts payable departments and update ERP systems in real time. The article notes automation delivers time savings, paperless operation, reduced human error, centralized data, and enhanced financial visibility, with invoice approval time improving by roughly 90% on average.

Oct 26Thu
  1. SAP Concur Blog

    Key Steps for Successful Business Travel Planning

    SAP Concur's blog publishes a business travel planning guide covering cost control and productivity balance, steps to streamline travel processes, useful planning apps, and strategies for delays and cancellations. The article notes 1-2% of flights are canceled and 20-25% are delayed by more than 15 minutes, recommending contingency plans and travel insurance.

  2. SAP Concur Blog

    SAP Concur Releases AI Whitepaper: Solving Business Problems with a Human Focus

    SAP Concur released an AI whitepaper detailing nearly a decade of embedding AI in travel and expense solutions, citing survey data: 82% of finance leaders hope AI improves operational efficiency, 62% see it as essential for managing uncertainty, and only 11% of finance managers demonstrate digital competency. The article also outlines AI applications in cost estimation, receipt itemization, and mobile expense reporting.

  3. SAP Concur Blog

    SAP Concur Report Explores the Changing Role and Responsibilities of the CFO

    SAP Concur surveyed 220 finance leaders across seven markets and released a CFO Insights report. Findings show four of five top external challenges relate to global economic turmoil; CFOs respond by increasing market monitoring (57%), investing in innovation (40%), and automation and AI (33%); 68% of CFOs see AI as a threat to their position, while 82% believe it will make operations leaner.

Oct 24Tue
  3. SAP Concur Blog

    The New Challenges of Tax Compliance Management and How to Overcome Them

    SAP Concur's blog discusses new challenges in corporate tax compliance management, including diverse employee benefits, tax complexity under hybrid work models, and changing VAT regulations. The article notes many organizations still manage tax compliance manually while tax authorities have digitally transformed, requiring automation tools and cross-department collaboration to reduce risk.

Oct 23Mon
  1. SAP Concur Blog

    Change is Constant. Here's How Your Business Can Get Ready

    SAP Concur's blog publishes a business resilience guide, noting 90% of CFOs agree their top task is preparing for the unexpected. The article offers four ways to future-proof: using a single cloud platform for travel, expense, and invoice data; gaining visibility through advanced analytics; improving employee experience; and measuring progress with benchmark reports.

  2. SAP Concur Blog

    SAP Concur Research: Nine in 10 CFOs Say Preparing for the Unexpected Is Their Key Task

    SAP Concur research shows nine in 10 CFOs agree their key task today is preparing the business for the unexpected. The upcoming CFO Insights Report: A New Role in Managing Uncertainty examines how growing uncertainty has pushed CFOs toward forecasting and risk management, covering investments in analytics and AI, sustainability reporting pressure, mid-size organization challenges, and the evolving CFO relationship with C-suite peers such as CHROs.

Oct 19Thu
  1. SAP Concur Blog

    IDC: SAP Tops 2022 Travel and Expense Management Software Market with 49.4% Share

    An IDC report shows SAP maintained the No. 1 ranking in the 2022 travel and expense management software market with 49.4% share, $1.281 billion in revenue, and 16.3% year-over-year growth. It also cites the 2023 Global Business Travel Survey finding that 67% of global business travelers are very willing to travel for work in the next 12 months, and a 30% increase in U.S. airline passengers between 2021 and 2022.

  2. SAP Concur Blog

    SAP Concur eBook: Making Sure Business Spending Matches Growth Priorities

    SAP Concur released a new eBook examining the risks that come as businesses grow or shift, including invoice proliferation, decentralized spending decisions as budgets expand, new tax and regulatory requirements when entering new markets, inconsistent processes across locations, and harder spend analysis. The eBook proposes intelligent automation to improve spend visibility, efficiency, and consistency.

Oct 17Tue
  1. SAP Concur Blog

    SAP Concur App Center Offers 300-Plus Apps for Travel and Expense Needs

    The SAP Concur App Center offers more than 300 applications and services to customers using its travel, expense, and invoice management solutions, covering payment providers, carbon emission trackers, trip planners, duty of care providers, mileage calculators, tax-recovery tools, ride sharing, ERP connectors, and major hotel chains, airlines, and car rentals. Apps fall into two broad types: fee-free user connections and fee-based enterprise applications.

  3. SAP Concur Blog

    SAP Concur: How AP Automation Is Fueling Strategic Procurement

    A SAP Concur article notes that expanding spending channels and payment methods, a decentralized workforce, and new vendor scrutiny have made procurement more complex. It says fewer than 20% of organizations have fully automated AP processes and 70% of global invoice processing is still paper based; AP automation reduces processing time by an average of 16%, cuts invoice processing costs by an average of 29%, and delivers up to 20% cost savings by reducing non-compliant spend.

Oct 13Fri
  1. SAP Concur Blog

    SAP Concur Outlines Eight Corporate Travel Policy Best Practices

    SAP Concur outlines eight corporate travel policy best practices, including involving key stakeholders, tracking expenses for reporting and analysis, factoring in employee satisfaction and communication, providing resources, setting clear booking and cost policies, understanding duty of care, including travel risk management, and practicing continuous improvement. It stresses that travel policies should adapt to changing travel patterns and employee needs.

Oct 11Wed
  1. SAP Concur Blog

    SAP Concur and WalkMe Launch User Assistant to Boost Expense Management Adoption

    SAP Concur launched Concur User Assistant by WalkMe, which provides on-screen prompts, visual cues, and a chatbot to guide employees while using the platform. The article says 42% of businesses changed to remote/hybrid work policies to retain or attract talent, and cites a Forrester study reporting a 100% increase in training and onboarding efficiency, a 50% decrease in IT support and helpdesk tickets, and a 35% increase in user confidence.

  2. SAP Concur Blog

    SAP Concur Publishes Guide to Efficient Employee Reimbursement Management

    SAP Concur published a guide to employee reimbursement management, covering reimbursable expense categories (citing the IRS, including travel, training, office supplies, tools, and software), tracking and payment methods, and tips for managing receipts and documentation, including implementing a strong expense policy, using a centralized system, checking itemized receipts, setting clear deadlines, performing periodic audits, monitoring spending trends, and integrating new technology.

Oct 9Mon
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Sep 19Tue
Sep 14Thu
Sep 12Tue
  1. SAP Concur Blog

    Four Tips for the Higher Education Back Office as They Head Back to School

    SAP Concur hosted a webinar with Michigan State University, University of North Carolina at Chapel Hill, and University of California San Diego, offering four tips for higher education travel management: simplify reporting and audit, support increased research travel, reduce traveler frustration and improve compliance, and make travel information easily accessible.

Sep 11Mon