Founded in Bellevue, Washington, Concur Technologies, now known as SAP Concur, is a SaaS company dedicated to providing comprehensive travel and expense management services to businesses. The company's core mission is to simplify and automate the travel and expense reporting process, enhancing efficiency and compliance for organizations of all sizes. SAP Concur offers a suite of products including expense management, travel booking, invoice processing, and analytics tools, targeting a global market of enterprises seeking streamlined financial operations.
Notable figures associated with SAP Concur include its founders Steve Singh, Rajeev Singh, and Mike Hilton. The company was acquired by SAP SE in December 2014 for $8.3 billion, marking a significant milestone in its growth trajectory. Key achievements include the successful integration with SAP’s ecosystem and the expansion of its customer base to include major corporations worldwide. SAP Concur has had a substantial impact on the business travel and expense management industry, setting standards for innovation and efficiency.
