SAP Concur, the world’s leading brand for travel, expense, and invoice management solutions; HDFC Bank, India’s largest private sector bank; and Mastercard, the world’s leading payment technology company, has entered into a strategic partnership that will help Indian corporate of all sorts of business reach to re-imagine the way they pay for, managing company spending.
To help facilitate this, private lender HDFC Bank will be providing a corporate credit card to the business travellers, with a one-stop solution for payment and expense management facility during business trips.
The corporate credit card will ensure seamless amalgamation of all business-related spend into SAP Concur offerings, enhancing the employee experience, increasing visibility, saving money, and improving corporate efficiency. The card is supported by Mastercard.
According to a survey conducted by the SAP Concur conducted amongst 500 Indian business travellers, thirty-one percent were stressed about filing expense reports after every business trip in the middle of a busy workday. Due to this existing gap in business travel expense management solutions, 32 percent of employees lost more than Rs 7000 of their personal money on a travel-related business expense that wasn’t reimbursed by their company.