For any business, managing expenses is as important as growing revenue. Today, most organisations in India use manual processes for travel and expense reporting, thereby losing productive hours that can be utilised towards more strategic tasks. To succeed in the digital age, organizations need lean, integrated and most of all, digital processes to support their business and improve the bottom line. Travel and expense management is always challenging, but with such partnerships, a corporate can actually usher in savings by automating manual processes that otherwise would cost additional money and time.
Speaking on strengthening the partnership with Thomas Cook (India) Ltd., Ms. Mankiran Chowhan, Managing Director, SAP Concur, India said, “SAP Concur’s value proposition is simplicity, integrated travel and expense management, and we look at partnerships that help translate these into customer experiences and brand loyalty. Last year, our collaboration saw increased adoption by corporates owing to the integrated offering. Together with Thomas Cook India, we aim to transform the way organisations manage their business travel, expense and invoice in a highly visible marketplace.”
India has emerged as one of the world’s fastest growing business travel markets, with a business travel spend that is likely to touch USD 46 billion by end of 2019, with a projected annual growth rate of 11.5%. A recent report from KPMG revealed that last year, rise in annual growth of business travel spend for India has been the highest among the top 15 business travel markets globally. While India is the seventh largest business travel market globally, it is projected to be amongst the top five travel markets by 2022. Furthermore, India-China-Indonesia (ICI) travel spend is predicted to reach USD 565 billion in 2022 and is projected to be the largest in the world by 2035.
“At Thomas Cook India, we’ve been sustained in strategic ideation that brings value to multinationals, Indian corporates, and SMEs. Our delivery of employee experiences helps eliminate tedious tasks, reduce cost and hence, enable them to work smarter. We are delighted to renew our partnership with SAP Concur as a global reseller which will now enable us to deliver cutting-edge solutions by driving integration and automation - equipping our Global and Indian clientele to better manage their travel expenses and invoice processes,” said Indiver Rastogi, President & Group Head - Global Business Travel - Thomas Cook (India) Limited.