[UPDATE, March 8, 2017: Concur decided to “phase out” the Price to Beat feature, according to Rocketrip. The two companies announced an expanded partnership. More info here.] More than a decade ago, U.S. businesses started saving significant money due to what travel professionals called visual guilt. Mainstream by 2006, the notion is that when travelers…
SAP expects the pricey acquisition of Concur to increase its earnings in 2016, but that seems possible only with massive revenue growth or layoffs. In its fiscal year ended this past September, Concur recorded non-GAAP pretax income of $56 million. [Using non-GAAP figures reduces the effect of non-recurring items and improves comparability of performance over time.]…
SAP CEO Bill McDermott sees Concur’s TripLink supplier-direct program as a replacement for corporate travel policy. In an interview published last week by Re/code, McDermott responded as follows when asked why SAP is paying about $8 billion for Concur: “Every company has a corporate travel department, but no one wants to work with it. You can…
Concur’s TripLink direct connect program could upend corporate travel distribution if it works. So far, it doesn’t. The TripLink concept resonates with corporate clients concerned about hotel booking channel compliance. About 35 percent of lodging bookings at companies with travel managers go outside the preferred channels, according to research by The Company Dime. Many of…
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