B2B Payments

Concur Inks Another T&E Partnership

Shutterstock

Concur is on a roll when it comes to partnerships, linking companies like Lyft and HotelTonight with its corporate travel and expense management solutions for more streamlined business travel. Even more recently, the company cozied up to Booking.com.

Its latest collaboration is with travel management firm CTI. Their tie-up, announced last Friday (Feb. 26), sees CTI giving its corporate clients access to Concur’s expense management solutions, a move made to help customers gain deeper insight into how they’re spending their funds through CTI when booking employee travel.

“Our exciting partnership with Concur is the latest step CTI is taking to enhance its product offering,” stated CTI Chief Executive Clive Wratten. “Enabling our clients to more effectively track and manage their travel expenses — and in a way that is tailored to their needs — is another example of how CTI is fast becoming the trusted travel partner for the business community.”

On the flip side, Concur’s clients will also now have access to CTI’s travel management services, according to reports.

In a separate statement, Concur’s senior manager for business development in EMEA travel, Eoin Landers, noted that travel spend is becoming an increasingly larger focus for businesses that need to manage their finances.

“Travel is a big expense for companies, but the majority lack insight into this spend, largely because employees booking outside of policy remains a significant challenge,” Landers explained.

“Organizations want to provide a good user experience, but they need to balance flexibility with cost,” he continued. “After all, if they can’t see it, they can’t control it or understand their cash position until a claim is filed — by which point nothing can be done if the flights are too expensive or if the hotel not an agreed partner.”

——————————–

Latest Insights: 

Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. The July 2019 AML/KYC Tracker provides an in-depth examination of current efforts to stop money laundering, fight fraud and improve customer identity authentication in the financial services space.

TRENDING RIGHT NOW

To Top