Concur Technologies, Inc.

Concur Technologies, Inc. was an American enterprise-software company best known for cloud applications that manage business travel, employee expenses, travel payments, and supplier invoices. Founded in 1993, the company initially developed software for automating expense reporting and gradually expanded into a broader business-travel and spend-management platform. Its products were designed to replace paper receipts, spreadsheets, manual approvals, and disconnected corporate travel systems with configurable workflows, policy controls, reporting, and integrations. The company was founded in the Seattle-area technology community by Steve Singh, Mike Hilton, and Rajeev Singh. It was initially known as Concur Technologies and became one of the early enterprise-software businesses to pursue a hosted or software-as-a-service model. Its core proposition was to connect employees, travel providers, corporate payment systems, finance teams, and suppliers in a common data environment. This allowed organizations to automate the submission, review, reimbursement, and accounting of employee expenses while also improving visibility into travel spending. Concur's principal product families included Concur Expense, Concur Travel, and Concur Invoice. Concur Expense handled expense capture, receipt management, policy validation, approval, reimbursement, and accounting integration. Concur Travel supported corporate travel booking and itinerary management, while Concur Invoice addressed purchase-order and supplier-invoice processes. The company also developed a large partner ecosystem involving airlines, hotels, travel-management companies, payment-card providers, accounting systems, and other business applications. Mobile applications and receipt-capture tools became increasingly important as employees moved away from desktop-only expense processes. Steve Singh became the company's chief executive in the 1990s and led a long period of product expansion, recurring-revenue growth, and internationalization. Concur went public in 1998 and traded on NASDAQ under the symbol CNQR. During the 2000s and early 2010s, it made acquisitions and partnerships intended to broaden its travel and expense capabilities, including the purchase of expense-management and travel-related businesses. The company also promoted the idea of a connected business-travel ecosystem in which third-party services could be integrated with its platform. SAP announced an agreement to acquire Concur in 2014 for approximately $8.3 billion, including assumed debt. The transaction closed later that year and removed Concur from the public markets. Concur became part of SAP's cloud portfolio, and its products continued under the SAP Concur name. The acquisition gave SAP a significant presence in travel and expense management and allowed Concur's software to be connected with SAP's financial, procurement, human-resources, and enterprise-planning products. After the acquisition, the brand remained active rather than being absorbed completely into the SAP master brand. SAP Concur continued selling and developing travel, expense, invoice, payment, and related spend-management services to businesses and public-sector organizations. Leadership changed over time, including Steve Singh's departure from the chief executive role and the appointment of Christal Bemont as CEO in 2019. Concur's strategic position within SAP has centered on helping companies manage employee spending and business travel through cloud software, embedded controls, data analytics, mobile workflows, and integrations with broader enterprise systems. Today, Concur is best understood as an SAP-owned enterprise-software brand rather than an independent public company. Its market identity is associated with business travel and expense automation, while its technology is positioned as part of a wider source-to-pay, finance, and enterprise-management environment. Publicly available information does not establish a separate…

Concur Technologies was established in 1993 in the Seattle region by Steve Singh, Mike Hilton, and Rajeev Singh. The company developed software for automating employee expense reporting at a time when many organizations relied on paper receipts, spreadsheets, and manual finance workflows. Its early work placed it within the emerging enterprise-application market, where companies were beginning to adopt hosted software rather than installing every application on local servers. Concur expanded its capabilities from basic expense reporting into a wider platform for travel and spend management. Its software connected employee expense submissions with approval policies, corporate cards, reimbursement systems, accounting applications, and management reporting. The company later added or strengthened travel-booking, itinerary, invoice, payment, and partner-integration capabilities. This broader product scope helped it serve the entire process surrounding business travel, from planning and booking through payment, expense reconciliation, and financial reporting. The company became publicly traded on NASDAQ in 1998. Under Steve Singh's leadership, Concur pursued a recurring-revenue software model and expanded its customer and partner base internationally. It built relationships with airlines, hotels, travel agencies, travel-management companies, card networks, banks, and enterprise-software vendors. Mobile applications and receipt-capture functionality became increasingly central to the product experience as smartphones changed how employees recorded and submitted business expenses. Concur also used acquisitions to broaden its technology and market reach. In 2010, it acquired част? No reliable source? We should not include uncertain. Avoid. In September 2014, SAP announced that it would acquire Concur for approximately $8.3 billion including assumed debt. The transaction was one of SAP's largest acquisitions and strengthened SAP's cloud-software portfolio in travel and expense management. The acquisition closed in December 2014. Concur ceased to operate as an independent public company, and its stock-market listing ended as the business became part of SAP. Following the transaction, the products were marketed primarily as SAP Concur. The brand continued to provide expense, travel, invoice, payment, and related services, while SAP connected it with finance, procurement, human-resources, and enterprise-planning applications. Concur retained a recognizable market identity because travel and expense management has specialized workflows and a large external ecosystem, even though ownership and strategic control moved to SAP. Steve Singh remained an important leader during the transition and later left the CEO position. In 2019, SAP appointed Christal Bemont as CEO of SAP Concur. The leadership change accompanied continued emphasis on cloud adoption, mobile workflows, connected travel data, partner integrations, and automation. Concur's current significance is therefore as an SAP-owned enterprise-software brand serving organizations that need controls and visibility over employee travel and other business spending.

1. 2019CEO transition

   Christal Bemont was appointed CEO of SAP Concur, succeeding Steve Singh.

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2. 2014SAP announces acquisition

   SAP announced an agreement to acquire Concur for approximately $8.3 billion including assumed debt.

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3. 2014Acquisition completed

   SAP completed the acquisition, and Concur became part of SAP's cloud portfolio.

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4. 1998Initial public offering

   Concur became a publicly traded company on NASDAQ under the ticker CNQR.

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5. 1993Company founded

   Concur Technologies was founded in the Seattle-area technology market to develop software for automating corporate expense processes.

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Cloud-based business travel, expense, invoice, and spend-management software for enterprises and other organizations, integrated with finance, procurement, payment, and enterprise-resource-planning systems.

• SAP Concur ExpenseExpense management

  Expense-management software that supports receipt capture, expense creation, policy checks, approval routing, reimbursement, corporate-card reconciliation, accounting integration, and reporting. It is designed to give finance teams a controlled digital workflow from the time an employee incurs a business expense through final posting and reimbursement.

• SAP Concur TravelBusiness travel management

  A corporate travel platform for searching and booking business trips, applying travel policies, organizing itineraries, and connecting travel activity with expense and reporting processes. The offering is intended to provide organizations with greater visibility into employee travel and related spending.

• SAP Concur InvoiceInvoice automation

  Invoice-management software that digitizes supplier invoices and supports data capture, validation, matching, approval, payment preparation, and integration with enterprise financial systems. It is aimed at reducing manual accounts-payable work and improving control over supplier spending.

• Concur RequestSpend request and authorization

  A request and pre-approval workflow for planned business travel and other spending. It helps organizations capture intended spend before it occurs and connect authorization with policy, booking, expense, and reporting processes.

• Concur TripLinkTravel data and itinerary management

  A service intended to bring travel booked outside a company's preferred corporate booking channel into a centralized business-travel view. It can help organizations collect itinerary information, improve traveler visibility, and connect external bookings with travel-management and duty-of-care processes.

• 2019Leadership transition under SAPStrategy

  After several years as part of SAP, Concur continued to develop its cloud travel, expense, invoice, mobile, and partner ecosystem.

  What changed. SAP appointed Christal Bemont as CEO of SAP Concur, succeeding Steve Singh.

  Aftermath. The brand continued its development as an SAP cloud business with emphasis on connected travel and expense processes.

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• 2014SAP acquisition of ConcurM&A

  Concur had built a substantial cloud platform for travel and expense management, while SAP was expanding its cloud portfolio and seeking stronger positions in adjacent enterprise applications.

  What changed. SAP agreed to acquire Concur for approximately $8.3 billion including assumed debt and completed the transaction in December 2014.

  Aftermath. Concur became an SAP-owned brand, its independent public listing ended, and its products were marketed as SAP Concur within SAP's broader enterprise-software portfolio.

  Announced transaction value. Approximately $8.3 billion including assumed debt (2014)

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• 2019Christal Bemont appointed CEO of SAP Concur

  SAP announced that Christal Bemont would succeed Steve Singh as chief executive of SAP Concur.

  Leadership change
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• 2014SAP agrees to acquire Concur Technologies

  SAP announced an agreement to acquire Concur for approximately $8.3 billion including assumed debt, subject to customary closing conditions and regulatory review.

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• 2014SAP completes acquisition of Concur

  SAP completed its acquisition of Concur, bringing the travel and expense software business into SAP's cloud portfolio.

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• 2014SAP acquired Concur Technologies

  SAP completed the acquisition of Concur Technologies, bringing the Concur travel and expense software business into SAP's cloud portfolio.

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1. SAP to acquire Concur
2. SAP completes acquisition of Concur
3. Christal Bemont named CEO of SAP Concur
4. SAP company history
5. Concur Technologies SEC filings
6. SAP acquired Concur Technologies