Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The number of software providers offering on-demand software to companies to manage employees spending has shrunk by one with the acquisition of Gelco Expense Management by Concur Technologies Inc. Gelco Expense Management is the largest provider of global expense management and reimbursement solutions, processing more than 100,000 transactions and making payments of $20 million each day. Concur’s software as a service (SaaS) solution allows global companies to control costs by automating the processes; Concur enables companies to unite online travel booking with automated expense reporting, streamline meeting management and optimize the process of managing vendor payments, employee check requests and direct reimbursements. Based in Redmond, Wash., with $92.7 million in revenues, Concur will pay H-G Holdings Inc., the privately held company that owns Gelco and other subsidiaries, $160 million in cash.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.