Grab For Business has announced its integration with Concur Expense, SAP Concur’s expense management solution, to modernise corporate travel and expense management across Southeast Asia. This collaboration allows eligible transactions from Grab For Business, such as rides, meals, and deliveries, to be automatically recorded in Concur Expense, reducing the need for manual entry and enhancing the efficiency of expense reporting.
The integration is now accessible to all Grab For Business customers via the SAP Concur App Centre. Valerie Khoo, Regional Head of Grab For Business, highlighted the importance of this development, stating, “Together with SAP Concur, we’re connecting business mobility with expense management in one seamless experience, helping organisations automate expense reporting whilst gaining greater visibility and control over business travel spending.”
This announcement comes as business travel in Asia Pacific is projected to reach $700.9b by 2026, according to the Global Business Travel Association. Despite this growth, many companies still face challenges in managing travel expenses effectively. A study by Grab For Business and the Global Business Travel Association found that whilst 95% of business travellers use ride-hailing services, only 58% of companies have formal mechanisms to manage these expenses.
The integration aims to address these challenges by simplifying the capture and processing of business travel expenses, allowing employees to focus more on productive work and less on administrative tasks. This move is expected to improve financial visibility and control for organisations across the region.
