With China surpassing the US as the world’s largest business travel market – growing more than 11 per cent in 2015 to reach US$291.2 billion, according to figures from the GBTA Foundation – Concur has announced plans for further expansion in the country.
A cornerstone of the plan is a strategic partnership with China DataCom Corporation Limited (CDC), a joint venture between SAP and the China-Telecom owned China Communications Services Corporation Limited, to deliver localised and global expense management solutions for Chinese companies.
“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.
Eberhard said the partnership is “only the beginning” of Concur’s investments in localisation, globalisation and digital transformation.
Concur localises its expense management services to ensure Chinese business can comply with financial management policies such as value-added tax reform requirements and other regulations. The company has also partnered with Chinese companies such as booking service Ctrip and ride sharing player DiDi Chuxing to provide an integrated solution for Chinese business travellers.
The company said it also brings its considerable global and digital transformation experience to bear in helping Chinese companies to achieve compliance and streamline business processes relating to travel and expenses as they grow both locally and internationally.
