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Expense Management automation is the means by which an organization can significantly reduce transaction costs and improve management control when logging, calculating and processing corporate expenses. Independent research evaluating the use of automated expense management systems has confirmed that the cost of processing an expense claim is ...
Corporate travel management is the function of managing a company’s strategic approach to travel (travel policy), the negotiations with all vendors, day-to-day operation of the corporate travel program, traveler safety and security, credit-card management and travel and expenses ('T&E') data management.
Tangoe, Inc. builds and provides technology expense management software & solutions. They provide telecom expense management, managed mobility services, and cloud expense management software which specialize in helping enterprises reduce time and effort needed to gain visibility and control over their technology spending, and help them save money on IT services.
SAP Concur (formerly Concur Technologies) is an American software as a service company providing travel and expense management services to businesses. [4] Its headquarters are in Bellevue, Washington. [4] SAP SE agreed to acquire Concur Technologies in September 2014 for $8.3 billion. [4] The deal was completed in December 2014. [2]
In October 2020, it expanded the TripActions Liquid product by adding broader expense capabilities. [17] In January 2021, TripActions raised a $155 million Series E round of funding. [18] In October 2021, TripActions raised a $275 million Series F round of funding with a valuation near $7.25 billion. It reported having 1500 employees. [19]
In 2000, Gelco Information Network announced that the company's two operational groups, Trade Management and Expense Management, would operate as separate companies as the Gelco Trade Management Group and the Gelco Expense Management Group. [4] Gelco Expense Management has thousands of clients worldwide representing over 625,000 users of their ...
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