Enterprise Report: IDC MarketScape Worldwide Travel and Expense Applications for Enterprise 2022-2023 Vendor Assessment
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the icons.
This IDC MarketScape provides an assessment of worldwide travel and expense applications for enterprise. SAP is named as a Leader in the report with strengths of global reach, integrated approach, and broad ecosystem.
According to the IDC MarketScape, large organizations often have many back-office applications connected to the process or resulting data from travel and expense (T&E) management. It’s important for T&E data flow between all the relevant finance functions, including accounts payable, human capital management, FP&A, order management and procurement. It’s also important for T&E data flow outside of the finance teams as well – including travel partners, suppliers, and certain government agencies.
SAP Concur over the years has made tremendous investment to present users with the ability to tie travel, expense, and invoice data from all vendors into one platform and integrate the data with organizations’ existing ERP or financial systems. This automated and integrated and approach helps companies manage employee spending on an end-to-end basis, improve transaction visibility, optimize policy compliance, and improve greater data accuracy.
To learn why SAP named as a Leader by the IDC MarketScape, download the IDC MarketScape Worldwide Travel and Expense Applications for Enterprise 2022-2023 Vendor Assessment excerpt.
