Hello and welcome everyone, my name is Mithun Dhar and I head the Evangelism team at Concur. My team focuses on helping customers tap into the potential that the Concur Platform has to offer.
In the next five minutes, my goal is to help you understand three key questions.
What is Concur? Why should you care about Concur? And lastly, How can you leverage the Concur platform to tap into this large ecosystem?
And, we are going to answer all these questions by way of numbers.
Concur is an integrated Travel & Expense management software. We have over 27 million customers across more than 23 thousand enterprises.
More than 60% of the Fortune 1000 companies use Concur. We are also used by the Federal Govt and have a very strong presence across the Small and Medium business space as well.
Just savor the information on this slide for a minute. That’s a LOT of data! In fact, we release what is called as a Spend Report every year. Go ahead and download that to get lots of good information on what business travelers are spending on.
We are a very, very live and well thriving ecosystem – in fact, on any given day more than a million customers log into our product to either make a booking, capture an expense or check an itinerary. More than a 150,000 trips are booked on our platform EVERY single day. More than 300,000 expense reports are submitted and the rest of the stats you can read. The point is, we get a lot of data! A LOT!
We operate in over 194 countries and more than 43 million transactions take place EVERYDAY. All of this spend day in and day out accrues to about...
…$55 billion dollars annually. And note, that this number keeps going up year after year. We are growing by over 30% YOY for the last decade or so.
And, here’s where magic happens! We collate, analyze and synthesize all the data, the $55 billion dollars worth of spend data and release a very rich, insightful report called the ExpenseIQ report. You should download this report – its quite a fascinating study that can tell a lot about the business travel and expense world.
For Example, from our last year’s report – here are the top ten spend categories. So if you are a travel startup what services can you offer that will impact business travelers. How can you help them optimize their spend. How can you make them more productive…these questions can rhetorically be answered once you skim through the report.
We didn’t stop there. We set aside a $150 million dollars for investing in innovative and unique startups that aim at streamlining and improving business travel. Some of the companies from the Perfect Trip fund are mentioned here.
The Perfect trip fund not only provides the financial backing, strategic counsel and industry expertise entrepreneurs need to deliver the travel solutions of the future but also encourages innovation across the industry.
And, we are fostering innovation and helping developers tap into this with ONE platform – called the Concur Platform. Essentially, what we did is expose all our core products through APIs for Developers and opened it up for broader innovation.
That’s great! So how can you learn more and tap into this lucrative market place? Well, you have ONE event to attend and it’s our Perfect Trip DevCon – coming up end of October.
This event will focus more from an industry perspective and less from a Concur perspective. We also have a pitch contest, where we are asking thinkers to submit their ideas for a shot at winning $100K in awards (2 prizes). It’d take you about 10 minutes to apply for this pitch contest and yes, you guessed it – to be a finalist you have to have an idea about integrating with Concur.
And, lastly! Who wouldn’t want swag! We are giving out 10 free passes for those interested in attending this conference.
Metrics for a Busy Day
Over a 1,000,000 users log into Concur
Users book over 150,000 trips
Users submit 300,000 expense reports
We archive 170,000,000+ records
We send about $ 52M+ to banks daily
43 Million Transactions in 194 Countries
100K+ Expense Transactions
1-100K Expense Transactions
185,118 (Hong Kong)