Concur, the integrated travel and expense management solutions
from the stables of SAP
, has announced a strategic partnership with China DataCom Corporation(CDC), a joint venture between SAP and China Communications Services Corporation
, a China Telecom company.
According to the company, this marks Concur’s ongoing China expansion plan which places a focus on delivering localized and global expense management solutions for Chinese companies. Concur claims that this partnership will not only provide companies better control over their travel and expense management, but also enable them to lead to a new era of innovation for China’s growing business travel market.
“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.
The company states that it will build upon the existing services to address the Chinese market and companies. It also plans to provide integrated travel and expense management services to a broad range of fast-growing Chinese multi-national companies.
Concur’s expense management services, localized specifically for Chinese businesses, will ensure compliance with China’s financial management policies, including value-added tax reform requirements and other regulations. Concur has also partnered with Ctrip and DiDi Chuxing to deliver an integrated travel and expense management solution specifically for China business travel.
The company also claims to have enabled Chinese companies to digitize significant financial processes. It captures employee spending and delivers insightful reporting to corporate management and finance teams anytime, anywhere. In these reports, Concur aggregates travel pre-approval, travel booking, employee expense and credit card transaction data into a single, unified system, resulting in a comprehensive view of employee spending, which enables companies to carry out appropriate expense management measures.
Chen Xiaomin, General Manager of China DataCom Corporation said, “As a joint venture between SAP and China Communications Services, CDC is an important cloud service provider in Chinapossessing a safe, standardized and efficient cloud service system.”
“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.”