IDC Worldwide Travel and Expense Management Software Market Shares 2023

We are excited to share that SAP has as soon as once more been ranked #1 for worldwide 2023 market share in journey and expense administration software program, as confirmed within the newest IDC Worldwide Travel and Expense Management Software Market Shares 2023 Report.

Despite rising prices and an unpredictable financial atmosphere, there’s a notable resurgence within the demand for face-to-face interactions, resulting in a big rebound in enterprise journey. Technology undeniably performs a vital position in remodeling the panorama of enterprise journey. In this report, IDC highlights key traits influencing the trade and journey and expense administration software program:

• Integration of Employee Spend: There is a rising push to unify journey, expense, and accounts payable right into a single, cohesive system to make sure information integrity and streamline processes.
• Enhanced Travel Compliance: Clear journey insurance policies and automatic expense administration options simplify compliance, providing real-time visibility and larger management over journey expenditures.
• Mobile Functionality Expansion: As the demand for on-the-go capabilities will increase, options should present simple expense submissions, receipt seize, and approval monitoring.
• Accelerated Insights for Users: Organizations can assist monetary agility by transitioning finish customers from edge case performance to automation, information administration, dashboarding, and analytics.

The double-digit income progress that SAP skilled in 2023—14% yr over yr—we consider underscores the influence of our investments in SAP Concur options to finest serve prospects. To study extra particulars, obtain the IDC WorldWide Travel and Expense Management Software Market Shares, 2023 report excerpt.