TOKYO, April 24, 2015 /PRNewswire/ -- According to
ITR Market View: ERP Market 2015 Japanese Expense Management
Market Trends, a market survey report issued by ITR Corporation
(hereafter "ITR"), Concur Travel & Expense services developed
and offered by Concur Japan, Ltd. (headquarters: Chiyoda-ku,
Tokyo; CEO: Masamune Mimura; hereafter "Concur Japan") took
the top share in the domestic expense management market in terms of
sales revenue by vendor. Concur Japan is the Japanese subsidiary of Concur
Technologies, Inc., a leading provider of cloud-based travel and
expense management solutions. Concur Japan share for fiscal 2013 is 54.5
percent.
The report also detailed the changing market share (in yen
sales) of different forms of service provision in the Japanese
expense management market, highlighting a growing trend among
Japanese companies to select SaaS cloud-based services over package
models.
According to ITR Market View: ERP Market 2015 (Japanese
Expense Settlement Market Trends), "In fiscal 2013, sales of
expense management solution amounted to 18.3
million USD (2.2 billion JPY),
a significant year-on-year increase of 66.7%. Concur, whose
products have seen widespread adoption around the world, was a
driver in the market. At the same time, domestic vendors are
expanding functionality and boosting marketing efforts, which have
greatly increased awareness of the market and contributed to its
expansion. The trend is expected to continue in fiscal 2014, with
projected growth of 36.6%."
Concur Japan CEO Masamune Mimura
responded to the report as follows:
"Japanese companies are shifting to more profit-based structures
and focusing on overhead cost management. In particular, companies
are working to improve travel and expense management with a view to
raising working productivity of employees, implementing governance
controls at a global level, and making expense expenditures more
transparent.
"Our global-standard products meet the high-level requirements
of Japanese companies. Building on this base, we are rolling out
services to meet the special conditions of the Japanese market,
such as linking with traffic IC cards and providing route search
functions. I believe this is why we have been able to take the top
share in the market in only four short years since our
establishment.
"Going forward, in the travel and expense management business we
expect demand to transition from packages to SaaS cloud-based
services, and this will continue to drive our results in the medium
and long term. I am looking forward to continuing to meet the
requirements of the robust Japanese corporate sector, helping
Japanese companies to further improve competitiveness through
overhead costs reform."
About Concur Japan, Ltd.
Concur Japan, Ltd. is the Japanese subsidiary of
America's Concur Technologies, Inc., the word's #2 business SaaS
vendor for corporate clients. The company was established in
February, 2011, with an initial capitalization of 400 million yen. Concur Japan provides back-office support services
for employees, starting with Concur Expense, Concur Travel, and
Concur Invoice, which are global-standard services in the travel
and expense management field. For more about the company, see
www.concur.co.jp.
About Concur
Concur, a part of SAP, is the
leading provider of spend management solutions and services in the
world, helping companies of all sizes transform the way they manage
spend so they can focus on what matters most. Through Concur's open
platform, the entire travel and expense ecosystem of customers,
suppliers, and developers can access and extend Concur's T&E
cloud. Concur's systems adapt to individual employee preferences
and scale to meet the needs of companies from small to large. Learn
more at www.concur.com or the Concur blog.
Press Contact
April Moh, Grayling for Concur,
april.moh@grayling.com
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SOURCE Concur Japan, Ltd.