BELLEVUE, Wash., April 22, 2016 /PRNewswire/ -- Concur, the world's leading provider of integrated travel and expense management solutions, earned the top spot in Japan's expense management market. According to ITR Market View: ERP Market 2016, a market survey report issued by ITR Corporation, Concur Japan led the country's domestic expense management market in terms of sales revenue for the second consecutive year.
ITR projects Concur Japan sales are up 10.3 percent year-over-year. In fiscal year 2015, ITR reports Concur represented 47.9 percent of the overall expense management market and 68.7 percent of the SaaS cloud-based expense management market.
"Japanese companies are seeking more sophisticated indirect cost management, especially expense management, in order to increase employee productivity, expand global business and comply with legal amendments," said Masamune Mimura, President/CEO of Concur Japan. "Concur offers industry-leading solutions and deep expertise that comes from more than 20 years as the global leader in travel and expense management. It's exciting to see ITR validate our market leadership in Japan for the second year in a row."
ITR Market View: ERP Market 2016 found the market for SaaS cloud-based services in Japan increased by 28.4 percent from last year, compared to 12.5 percent for package models. This shift illustrates a growing trend among Japanese companies to select SaaS cloud-based services over package models for the mid- to long-term. ITR forecasts small- to medium-sized enterprise (SME) demand for expense management solutions will continue to grow and reach annual revenues of $417 million USD (50 billion JPY) in fiscal year 2015.
By comparison, the expense management market reached $23.3 million USD (2.8 billion JPY) in fiscal year 2014 – a year-over-year increase of 22.8 percent. Concur Japan introduced new solutions to large enterprises in the market, which contributed to the industry's sizable growth. ITR projects the expense management market will grow an additional 19.3 percent in fiscal year 2015.
Concur, an SAP company, imagines the way the world should work, offering cloud-based services that make it simple to manage travel and expenses. By connecting data, applications and people, Concur delivers an effortless experience and total transparency into spending wherever and whenever it happens. Concur services adapt to individual employee preferences and scale to meet the needs of companies from small to large, so they can focus on what matters most for their businesses. Learn more at www.concur.com or the Concur blog.
CONTACT: Laurel Cifala, Edelman for Concur, 206-268-2229, firstname.lastname@example.org
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