SAP Korea (CEO Shin Eun-young) is actively supporting customers to manage business trips and handle expenses more conveniently and systematically.

SAP Korea and global business travel management company CWT Korea have signed a business agreement (MOU) for cooperation in corporate travel services and B2B market development.

CWT Korea supports the entire corporate travel management process, including travel expenses, regulations, and safety, based on its global network in over 140 countries around the world.

According to the 'Travel and Expense Management Outlook 2025' report released by SAP last month, the Asia Pacific region will be the fastest-growing region in the corporate travel market as of 2023, and demands for transparency and compliance in travel management are increasing. This agreement was strategically implemented to address these changes.

Through this agreement, the two companies will support corporate customers to manage business trips more efficiently and experience a simpler business trip process based on the 'SAP Concur' solution for business travel and expense management.

Specifically, we plan to support customers using the expense management service 'Concur Expense' to link with business trip support services, and also provide business trip process improvement consulting to customers of the business trip management service 'Concur Travel'.

Through this, SAP Concur solution customers are expected to be able to operate business trip management and expense processing processes more productively and systematically based on CWT Korea’s expertise.

In addition, CWT Korea plans to provide faster and more efficient services to corporate customers who want systematic corporate travel services as a Korean TMC resell partner of Concur through the global Concur partnership.

Various events and promotions for customers have also been prepared in conjunction with this agreement. In March, we will hold a seminar with CWT Korea for SAP Concur customers and introduce the benefits and services that will be provided to customers through collaboration between the two companies.

Shin Eun-young, CEO of SAP Korea, said, “We signed this agreement to help SAP Concur customers efficiently manage their business travel,” adding, “SAP Concur will continue to support companies to simplify their business travel processes by automating corporate expense management, business travel, and AP processes through collaboration with domestic and international partners and linking them with other financial systems.”

Kim Jung-hyun, CEO of CWT Korea, said, “CWT Korea supports cost reduction by providing customized reports for companies based on real-time business trip data integration and analysis, while helping companies efficiently comply with business trip regulations through a simple IT platform.” He added, “The key background for this collaboration is that we can create synergy by adding SAP Korea’s expertise to these strengths. Based on this solid partnership, we will support innovative business trip services that suit the characteristics of companies while allowing companies to comprehensively manage business trip planning and expense management in one place.”