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The Europe Travel & Expense Management Software Market would witness market growth of 9.7% CAGR during the forecast period (2017 - 2023). Travel & Expenses management systems work in unison with human capital management systems and larger enterprise resource planning. The software is used to certify spending expenditures of employees.
Travel and expenses management software is of great help to organizations as they can conduct hassle free approvals, speeded recording, record keeping, and most importantly manage unnecessary costs, which otherwise go unnoticed. Travel and expense management software finds it adoption in enterprises, largely to manage and audit employee-initiated expenses such as travel and entertainment.
The implementation of the software helps in controlling and monitoring expense showcasing reports, and as result, managing the business processes efficiently, and also controlling fraudulent activities. The software helps in gaining more visibility on all the claims and bring in efficient management of reimbursement claims. Based on Deployment Types, the market report segments the market into Cloud Based and On Premise.
Based on Verticals, the Europe Travel & Expense Management Software market segments the market into Transportation & Logistics, Government & Defense, Energy & Utilities, Healthcare, Retail, Telecom & IT, Manufacturing, and Others. Based on Countries, the Europe Travel & Expense Management Software market segments the market into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the Europe Travel & Expense Management Software Market. Key companies profiled in the report include Oracle Corporation, Apptricity Corp., SAP SE (Concur), Basware, Expensify, Chrome River Technologies, Infor, Inc., Coupa Software, Trippeo Technologies, and Ariett.