It’s hard to believe that Concur was founded 18 years ago this month. Back then, it was just Rajeev Singh and me, trying to figure out a better way to help people submit their T&E expenses for reimbursement. Fast forward to 2011, and now Concur is the unquestioned expert on all things related to T&E spend. And since T&E is the second largest area of controllable spend for most companies – right after payroll – we figured it was time that somebody released a report on all those expense reports.
So today, we released Concur’s Q2 2011 T&E Spend Report. It’s our first time creating a report like this, and it’s the first time anyone has analyzed this large of a volume of T&E spend. It’s already generating interest and conversation, and while we think there’s some fantastic information in there, we’re hoping to learn what other kinds of T&E spend data people are interested in seeing in the future. So take a look and let us know your thoughts in the comments section below.
I’m a numbers guy, so when I learned that Concur had taken a slice of its transaction data and broken out some key areas of spend, I couldn’t wait to dive in and do my own analysis. Some of the results – like the fact that average spend in many T&E categories has been trending up – weren’t completely unexpected. As the economy improves, T&E spend is often a leading indicator. But some of the other findings – like which cities are most visited, or how each category of spend ranks within that city – are pretty revealing.
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