Cvent Partners With Concur, Plans to Integrate Meetings, Expense Management

Meetings technology company Cvent, which specializes in cloud-based software for event management, meeting site selection and web surveys, and Concur, a provider of integrated travel and expense management solutions, have established a new partnership through which each company will promote and refer the other's products and services, the companies announced last week.

Under the terms of the new partnership, Cvent's applications will be integrated into Concur's expense automation via the company's Concur Connect platform, thereby providing clients with end-to-end meetings-related travel and expense management. Concur's corporate travel booking technology already is integrated with Cvent's attendee management applications.

"Meetings and events can represent a significant area of spend for many companies," said Barry Padgett, executive vice president, Concur Connect Platform, at Concur. "Together with Cvent, we'll be better able to support the market's growing needs for end-to-end travel and expense management related to meetings and events. We plan to explore additional opportunities to further integrate our technologies, specifically in the area of meetings expense reconciliation."

Added Anil Punyapu, Cvent's vice president of enterprise sales and partnerships, "All too often, meetings and transient travel procurement are handled disparately within companies, leading to missed cost saving opportunities, unnecessary risk and inefficiencies. Cvent's partnership with Concur looks to combat that by bringing both transient travel and meeting-related expense management all under one roof. Now, with this new agreement, we'll be able to explore additional integration opportunities and also reach more companies looking to ensure high compliance with corporate policies and gain greater visibility and control of their meetings spend."

According to Cvent and Concur, recent studies have found that spending on meetings and events can equal up to 4 percent of corporate revenues. However, most organizations have little in the way of formal processes for managing that spend. By combining Cvent's meeting and event management technology with Concur's travel and expense management, the companies said, corporations can take control of their spending to help reduce meeting costs.