Concur, leading provider of integrated travel and expense management solutions is working on expanding its footprint in China. Taking a step in the same direction, Concur has partnered with China DataCom Corporation Limited, a joint venture between SAP and China Communications Services Corporation Limited. Concur places a focus on delivering global expense management solutions for Chinese companies while localising the experience. This will allow the companies in China to have more control over the travel of their employees while allowing Concur to tap into the fast growing business travel market of China.
China is world’s largest business travel market reaching USD 291.2 billion in 2015. This was 11.4 percent higher than the previous year pushing it just above the US market. Concur will build upon the services it is already offering to a number of Chinese companies. The company partners will local travel booking providers like Ctrip and Didi Chuxing while localising specifically for Chinese businesses and ensuring compliances with financial management policies.
“China represents an enormous market opportunity, and we look forward to expanding the services we already offer multinational Chinese companies,” said Mike Eberhard, Concur Global President. “China DataCom Corporation enables us to provide the best travel and expense management services for Chinese companies in the cloud. This is only the beginning as Concur will continue to invest in localization, globalization and digital transformation, working through CDC and other partners together in China to support Chinese companies both locally and abroad,” he added.
“As a joint venture between SAP and China Communications Services Co., Ltd., CDC is an important cloud service provider in China possessing a safe, standardized and efficient cloud service system,” said Chen Xiaomin, General Manager of China DataCom Corporation. “Through this partnership, we will enable Concur’s cloud-based products to deliver the world’s leading applications and first-class localized services to more Chinese companies.”
Concur will enable the companies to digitise a large fraction of financial processes. This will push up the efficiency while eliminating challenges associated with manual processes. Concur will store the cloud data locally to ensure compliance with regulations for international companies operating in China. The move should allow Concur to penetrate deeper into the China market while expanding the tailored services to businesses in the region.