Leading expense and travel management solutions provider,
Concur Technologies Inc
) has formed a strategic alliance with United Airlines in an
attempt to diversify corporate booking options. Through this
collaboration, the companies intend to develop and facilitate
corporate direct travel bookings on united.com and United apps
utilizing Concur's TripLink product.
With the help of TripLink, corporate travelers will now be able
to connect their Concur and MileagePlus profiles to get company
benefits while booking directly with United Airlines. At the same
time, employers will also benefit from prompt reporting, policy
compliance and duty of care requirements through Concur.
This partnership is expected to generate significant synergies
for both the companies. Importantly, this deal will primarily
generate increased savings as Concur TripLink allows travelers to
benefit from their corporate programs while booking flights
directly with United Airlines. Therefore, with a more comprehensive
view of travel transactions, both the travelers and the companies
attain better visibility and control over their dealings. Further,
through TripLink, companies will advantage from improved traveler
tracking. The link will also help travel management companies
(TMCs) to enhance the entire flying experience. To add to the slew
of positives, travel managers and their TMCs will have an insight
into the complete analysis of the corporate travel data which can
be used to drive real-time programs and services to increase
compliance with travel requirements.
Thus, it can be concluded that this collaboration primarily aims
at providing customers with a detailed report on spending and
enhanced visibility of their travel plans, thereby facilitating
better travel management.
Concur currently holds a Zacks Rank #3 (Hold). Some
better-ranked companies in the sector include
Aspen Technology Inc
Citrix Systems Inc
). All three sport a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
CITRIX SYS INC (CTXS): Free Stock Analysis
CONCUR TECH INC (CNQR): Free Stock Analysis
AUTODESK INC (ADSK): Free Stock Analysis Report
ASPEN TECH INC (AZPN): Free Stock Analysis
To read this article on Zacks.com click here.