Whether you are at the CPO level thinking about your ERP and other procurement solution strategy, or “merely” reporting your travel expenses through Concur, few have not heard about SAP’s outsized bid to acquire Concur. Approximately $8.3B in the largest acquisition of a SaaS provider to date. We invite our Plus and PRO members to join this week's Ask the Expert webinar on Friday, October 3 from 11-11:30am Central to hear what Spend Matters’ Jason Busch and Thomas Kase have to say about the deal.more ▸
There are certain areas of procurement that all too often remain their own fiefdoms – sometimes effective, sometimes not – with little influence or management from center-led or overall functional leadership. Travel is one of these areas. But the opportunity to drive savings from better managing travel spend – and even to generate income through rebate programs – is significant indeed. The Q2 Accenture Spend Trends Report highlights a handful of travel savings opportunities including suggesting more active programs to source corporate cards (including p-cards).more ▸
Earlier today Thomas Kase (VP of research) shared some quick comments on the rumors that SAP is thinking about buying Concur. This Spend Matters PRO article is the in-depth analysis. "Say it ain't so" is what first came to mind, not that Concur is either shoeless or cheats. There are of course positive aspects to the acquisition as well. Thomas expands on the pros and cons of such a deal, as part of his advice to Concur's shareholders and customers.more ▸
Last week, I provided a business and personal travel review about a recent transatlantic trip on Air Canada Rouge — Air Canada’s “discount” airline-within-an-airline. After hearing from a number of people who have also “been rouged” — a new verb which I might define as “thinking that you are flying Air Canada when you are really flying a completely different airline that looks for the oldest, most inexpensive planes to fly and then only partially updates them" — I thought I’d shared some pictures from my recent trip. Enjoy the visual tour.more ▸
I think I’ve found the bottom of the barrel of Star Alliance. While it may be painted “Rouge” on the outside, Air Canada’s new discount service made my family red with anger on the inside. Earlier this month, we took a family vacation to Europe returned from Rome to the U.S. through Canada. The routing that made the most sense – and what first seemed like a great deal in cashing in Citi points – involved an airline-within-an-airline that I had never heard of: Air Canada Rouge. Air Canada Rouge is supposedly a discount airline, but the prices were similar for the transatlantic routes to standard airlines.more ▸
Living in the Atlanta area, I have a certain travel bias in favor of Delta – can’t be helped – so I rack up SkyMiles at a good clip. And here’s the trick – you use your miles to pay for the WSJ. Ok, so it’s not entirely free but comes pretty close. Delta has changed partners for this over the years. Right now it is a company called Newspaper Rewards, and the deal has only gotten better since I got my last subscription. I had to hand over 2,700 miles for about nine months (I think – I renewed back in July last year, but the copies keep coming…) of just the print edition. Now the deal is even better – pay 2,417 miles for 39 weeks of the print and electronic editions. And what's more -- having a newspaper subscription doubles as a weather forecast.more ▸
Like many Spend Matters readers, I need a good long weekend. This year has (literally) flown by so quickly that I’m close to hitting the overall airline status I was expecting by year’s end—some six months early. But being up in the air and not even knowing what time zone you’re in – not to mention being stuck in airports at every hour of the day and night – is no fun. And it’s arguably not healthy either, even if you love what you’re doing at Point A and Point B and enjoy the work you complete while travelling. So let me offer a few suggestions before the long Memorial Day weekend for my fellow frequent fliers.more ▸
Within procurement, many know Concur as a T&E provider, and Concur’s strength in this area no doubt continues. But the company has more to offer procurement than just a T&E reporting tool (albeit an extremely slick one). In this Spend Matters PRO research brief, analyst Thomas Kase will look at some other tools from Concur, show you some screenshots of what their capabilities actually look like, and speculate on where they might be going with their offering. Not a Spend Matters PRO subscriber yet? Contact us to inquire about a 30-day free trial.more ▸
Las Vegas, where ISM's annual conference last week was held, has become a bifurcated hotel city of ultra luxury and ultra stank and dirt (it’s always been filthy outside, but in the case of lodging, the middling places are getting dirtier and dirtier). However, it’s not terribly expensive to opt out of the places that have not seen a capital expenditure too recently, especially if you plan ahead. The Spend Matters team stayed for less than the cost of a typical Marriott in pre-paid rooms (thank you, Expedia) at the Wynn Encore, a hotel that is just about as over the top as any top-line Asian hotel chain (Peninsula, Mandarin Oriental, etc.). It was a true treat for less than $200 per night.more ▸
Concur – the company best known for its travel and expense reporting solution – is moving along with its annual user conference this week. The approximate 4,000 headcount organization has a fairly substantial number of employees in India – which explains why revenues aren’t already at the $1-billion mark, a number they expect to see in 2016. The company is growing extremely aggressively, both through acquisitions and hiring. Since last year’s Fusion event they have acquired GDSX and TRX – which explains how Concur has managed to add around 1,500 employees in one year’s time. That is rapid growth!
The mantra at this event was “Transparent, Connected, Effortless” – words echoed consistently by the many product management, marketing, and business development executives that I met. It’s not just something in the water in the Seattle area that has created this uniform pitch; the entire solution delivery is built on transparency (e.g. spend, budget, travel plan changes, expenses, credit card alerts, policy infractions, and so on), and connectivity across a partner network (a long list of partners ranging from financial service institutions to travel management firms to rental cars, hotel chains, and other suppliers) and all of it at your fingertips, in other words effortlessly available.
The effortlessness deserves a special comment. Concur has truly delivered a great user experience in their solutions. It is clear from the solution features, options, workflow, and general proactivity that they really know their use case. (Note to self: must persuade Jason Busch to switch our T&E reporting to Concur). Those who have read some of my other solution evaluations know that I can be relentlessly demanding or, as Jason calls me, a curmudgeon. That said, I have nothing but praise for Concur in the design department – is it weird to say that it actually looks fun to do expense reporting with their ExpenseIt tool?
A Spend Matters Plus subscription is required to read the rest of this article. Analyst Thomas Kase goes on to cover the details of the solution and Concur’s plans and potential for future growth. To inquire about a free trial to Spend Matters Plus, please contact Sheena Smith (email@example.com).more ▸
This week's Ask the Expert webinar features Thomas Kase on his recent travels to Southeast Asia. He spoke at ProcureCon Asia in Singapore - and also travelled to Kuala Lumpur, Malaysia, where he spent several days with a local procurement suite solution provider, MyBiz, and some of their clients. On the webinar, he'll share some of his observations on procurement and sourcing trends in the region in the areas of CSR, corruption, transparency, multi-tier challenges, talent development, and more. Plus/PRO members, join us this Friday, March 28, from 10-10:30am Central!more ▸
Gleaming, polished buildings, well maintained landscaping, even slick subway stations with swipe cards that are a pleasure to use—the last one clearly not a Ventra design. You can find food from all over the world and see high-end fashion both in store display windows and paraded about on smartly dressed people everywhere. Singapore is a cleaner version of New York, with thinner people in a Tokyo designed setting with a bit of Hawaiian greenery incorporated. But expect to be frustrated if you need a cab between the hours of four and six in the afternoon.more ▸