SAP Q3 2018: Global Companies Adopt Network and Spend Management Cloud Solutions
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This news demonstrates the trend of large enterprises adopting cloud spend management solutions. SAP Concur's transaction volume and user scale data in travel and expense management provide industry benchmarks, reflecting market dynamics of corporate travel and expense management migrating to the cloud.
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- SAP Concur BlogSAP Q3 2018: Global Companies Adopt Network and Spend Management Cloud Solutions
SAP SE announced that companies worldwide are adopting its end-to-end network and total spend management cloud solutions. In Q3 2018, SAP's cloud revenue surged 41% year-over-year at constant currencies, and new cloud bookings grew 37%. Companies including KIO Networks, Delivery Hero, iLoLay, and Grupo Energía Bogotá adopted SAP Ariba, SAP Concur, and SAP Fieldglass solutions. Ariba Network connects over 3.6 million companies with more than US$2.28 trillion in annual commerce. SAP Concur solutions processed over 258 million transactions in the past four quarters, and Concur TripLink covers more than 7.5 million travelers.