expense management

Business Travel Finds Its Way Into Bank Competition With Financial Tech Firms

U.S. Bancorp’s acquisition of expense management software builder and travel agency TravelBank culminates a series of investments to build integrated business software and services, accelerate midmarket demand for banking and payments, and fend off financial technology firms. Banks traditionally picked up small business clients through lending and banking, but a digital revolution has changed that,…

GM Rolls Out SAP Concur Globally, Considers Pre-Trip Approval

Automaker General Motors is shooting for a “world-class travel and expense operation” after this year bringing SAP Concur’s Travel to 19 countries and Expense to 29.  While the travel management program is decades old, the $123 billion company had not quite established its travel and reimbursement processes across all markets with employees. With that and…

SAP Concur Accelerates Retirement Of Legacy Expense Reimbursement And Invoicing Services

A decision by SAP Concur to discontinue a couple of its products sooner than previously scheduled could leave some of its clients in the lurch. SAP Concur confirmed last week that it accelerated the retirement date for its Expense Pay Classic solution and the Invoice Pay ACH feature of Concur Invoice, to Jan. 1, 2022….

‘Scrappy’ Business Travel Entrepreneurs At DVI And Roadmap Join Emburse For Acceleration

Spend management company Emburse, parent of Chrome River and Certify, last month acquired data analytics firm Data Visualization Intelligence and last week bought app maker Roadmap. At a time when corporate travel remains mostly dormant, the forward-looking stories of these deals mirror classic business tales of challenge and opportunity. “These are two companies that built…

Op Ed: Alan Tyson And Marcel Syriani On A C (Level) Change For Employee Expense Management

Databasics CEO Alan Tyson and CTO Marcel Syriani examine what clients’ employees have been expensing during the pandemic and recommend a new focus on managing remote resources. Some time back, to better identify market trends, we developed an expense reporting index. We thought we would share some of the more interesting things it shows us…

Politics Over Profits: Expensify’s Barrett Again Takes His Message Straight To Users

Expensify CEO David Barrett sent some customers into a frenzy with commentary about politics that was at once remarkable and in character. His message, posted Thursday to his company website and sent to all users of its expense management products, said, “Protect democracy, vote for Biden.” If the ensuing tweetstorm is to be believed, Expensify…

Op Ed: Gaurav Sundaram On Global VAT Reclaim

Amid deteriorating macroeconomic conditions, cash is crucial. Global VAT reclaim from international business travel is a way to recover some. ProKonsul Consulting’s Gaurav Sundaram provides pointers on maximizing the opportunity. Global VAT reclaim (GVR) is today the single-largest untapped savings opportunity inherent in business travel programs. The opportunity is twofold — monetizing both past and…

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