SAP Concur and Thomas Cook India Automate Travel and Expense Management

BANGALORE, IndiaSAP Concur, the world’s leading provider of expense, travel and invoice management solutions, today, announced the commitment of its partnership with Thomas Cook (India) Ltd., a leading integrated travel and travel related financial services company. The partnership is a reiteration of enabling organizations across verticals to completely automate their business travel for employees.

SAP Concur in partnership with Thomas Cook India provides a user-friendly, integrated travel and expense (T&E) management solution to help enable an organization’s workforce with a seamless and rewarding experience.

Today, most organisations in India use manual processes for travel and expense reporting, thereby losing productive hours that can be utilized towards more strategic tasks. To succeed in the digital age, organizations need lean, integrated and digital processes to support their business and improve the bottom line. Travel and expense management is always challenging, but with such partnerships, businesses can usher in savings by automating manual processes.

Speaking on strengthening the partnership with Thomas Cook India, Ms. Mankiran Chowhan, Managing Director, SAP Concur India said, “SAP Concur’s value proposition is simplicity and integration of travel and expense management, as 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% [1]. 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, it is projected to be amongst the top five travel markets by 2022[2].

“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 partner with SAP Concur as a global reseller to further strengthen us to deliver cutting-edge solutions by driving integration and automation – equipping our clientele worldwide to better manage their travel expenses and processes,” said Indiver Rastogi, President & Group Head – Global Business Travel – Thomas Cook (India) Limited.