Travel and expense management specialist Concur is making further inroads into China, the world’s largest business travel market.
A strategic partnership has been forged with China DataCom Corporation (CDC), a joint venture between SAP and China Communications Services Corporation, a China Telecom company.
The arrangement supports Concur’s ongoing China expansion plan which places a focus on delivering localised and global expense management solutions for Chinese companies.
China’s business travel market reached $291.2 billion in 2015, a year-over-year increase of 11.4%, and surpassed the US market of $289.8 billion.
The wide adoption of new technologies, including cloud computing, big data and mobile technology, is driving Chinese companies to digitise their businesses as they grow organically and through acquisitions.
Concur aims to build on the services it delivers today to a number of Chinese companies.
Global president Mike Eberhard said: “China represents an enormous market opportunity, and we look forward to expanding the services we already offer multi-national Chinese companies.
“China DataCom Corporation enables us to provide the best travel and expense management services for Chinese companies in the cloud.
“This is only the beginning as Concur will continue to invest in localisation, globalisation and digital transformation, working through CDC and other partners together in China to support Chinese companies both locally and abroad.”
Chen Xiaomin, general manager of China DataCom Corporation, said: “As a joint venture between SAP and China Communications Services, CDC is an important cloud service provider in China possessing a safe, standardised and efficient cloud service system.
“Through this partnership, we will enable Concur’s cloud-based products to deliver the world’s leading applications and first-class localized services to more Chinese companies.”