SAP Concur, India-based HDFC Bank, and Mastercard have partnered to enable Indian corporates of all sizes to reimagine the way they pay for, reconcile and manage company spending.
To help facilitate this, HDFC Bank will be offering a corporate credit card for business travellers, providing a one-stop solution for payment and expense management during business trips.
The corporate credit card will enable seamless integration of all business-related spend into SAP Concur offerings, enhancing employee experience, increasing visibility, saving money, and improving corporate efficiency. The card is supported by Mastercard.
The offering from HDFC Bank and SAP Concur solutions is designed with such user challenges in mind, ensuring that business travellers have a stress-free and productive trip.
The key benefits of the partnership include upfront visibility and control of spends, cashless payment and digital claim process, integrates partner apps, global Wi-Fi, and complimentary lounge program.
“With this card, corporates will be able to offer the best business traveller experience through cashless payments that integrate with management solutions for Concur Expense,” said Parag Rao, country head for payments business and marketing at HDFC Bank. “Corporates can gain greater insights and control, while ensuring regulatory and tax compliance through this solution.”
Mankiran Chowhan, managing director in India at SAP Concur, said that by automating and integrating travel, expense, and invoice management, they are helping their customers build an intelligent spend management platform.
SAP Concur solutions can help corporates more efficiently manage their travel and entertainment expenses, the second-largest controllable line item in the financial statement. The SAP Concur mobile app helps travellers manage their trips and expenses from a smartphone or tablet. Business travellers can effortlessly book their travels and file expenses on the go, while having the advantage of accumulating additional bonus reward points and trip credits.