Location: Bellevue | Employees: 3,700
When it comes to managing travel expenses, Concur Technologies specializes in smooth sailing.
“We’re obsessed with how the world should work and how work should work, not just how it works now,” says CEO Steve Singh. “We all know there are a lot of obstacles and frustrations involved in getting our daily work done, but these are solvable problems that simply become hurdles to our goals.”
In what Singh calls a zealous quest to create a system for “perfect” trips, expense reports and invoices, Concur offers many solutions. These include partnerships with Avis, Marriott, United Airlines and others to ensure travelers use negotiated corporate rates, and a scheduling and risk-management system that makes it easier to stay in contact with staff.
Concur processes more than $50 billion in travel and expense spending each year for a client base spread across more than 150 countries and representing more than half the Fortune 500 list. With an estimated $1 trillion market opportunity for business travel, Singh says the company still has plenty of terrain to cover.
At press time, Concur was reported to be working with an investment bank on a possible sale of the company.