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We are excited to announce that SAP has maintained its position in the Leaders Category in the enterprise and midmarket 2022¨C2023 IDC MarketScape for worldwide software-as-a-service (SaaS) and cloud-enabled Travel and Expense Applications market.

These recurring IDC MarketScape assessments evaluate vendors in the travel and expense (T&E) management software, with particular focus on expense management offerings and their integration with travel management services and networks. They serve as informative, valuable resources for enterprise and midmarket companies that outline key criteria to help guide their selection of corporate travel booking solutions.

Recent years have proven challenging for the corporate travel industry. As we all know, the COVID-19 pandemic created an urgent need for solutions to help protect business travelers¡¯ health and well-being with enhanced duty of care, flexibility, and visibility. The most successful T&E offerings ensured that companies and their business travelers felt immensely supported during this moment of change, so they could return to travel with confidence.

"More businesses took the opportunity to add new features to control travel spend or provide more duty of care-related functionality and controls,¡± said Kevin Permenter, research director, Financial Applications at IDC. ¡°This was an especially powerful differentiator for software vendors with preexisting ties to new emerging areas within corporate travel booking such as auditing, sustainability, virtual cards, and duty of care.¡±

Also, as economic uncertainty continues into 2023, companies have another host of requirements to conduct business efficiently and effectively. The solutions in this category are poised to equip companies with what they need, and SAP »ÆÉ«¶ÌÊÓƵ is proud to be among them.

SAP »ÆÉ«¶ÌÊÓƵ solutions¡ªincluding »ÆÉ«¶ÌÊÓƵ Travel, »ÆÉ«¶ÌÊÓƵ Expense, and »ÆÉ«¶ÌÊÓƵ Invoice¡ªintegrate T&E processes and provide a unified view into travel bookings and spending data, all in one place. According to the IDC MarketScape, strengths of these offerings include:

• A large global reach to better support businesses with complex multinational profiles¡ªincluding 80 million end users in more than 150 countries, support for 29 languages and all ISO registered currencies, and sales and service support offices in 30-plus countries.
• Experience with small and midmarket businesses, informing tailored approaches to their specific needs.
• Simplicity in spend management with integration of solutions across travel, expense, and invoice.
• A substantial SAP »ÆÉ«¶ÌÊÓƵ partner network consisting of more than 300 partners, with the ability to tap additional resources through partners associated with related SAP offerings.

Learn more about what to look for when selecting a T&E solution, and upcoming trends to watch, by downloading the excerpts of the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Travel and Expense Applications 2022-2023 Vendor Assessment excerpts for enterprise and midmarket.