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MarketScreener Homepage  >  Equities  >  Xetra  >  SAP AG    SAP   DE0007164600

SAP AG

(SAP)
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SAP : New Research Reveals Top Concerns Among Canadian Business Travellers

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11/06/2019 | 08:31am EST

Business travellers report feeling stressed and unsafe with female and LGBTQ+ travellers regularly experiencing harassment according to an SAP® Concur® survey

TORONTO, Nov. 6, 2019 /CNW/ - SAP SE (NYSE: SAP) has announced the results of a new SAP® Concur® survey revealing that more than 4 in 5 Canadian female business travellers have faced harassment while travelling. SAP Concur, the world's leading brand for expense, travel, and invoice management solutions, identified concerns of personal safety while on the road and frustration around ineffective booking and reimbursement experiences.

SAP Concur (CNW Group/SAP Concur)

"This research clearly shows employees aren't getting what they need from their employers while travelling for business," said Victoria DeBoon, Director of Sales at SAP Concur Canada. "Organizations of all sizes shouldn't let these concerns go unnoticed. Employees want more support, resources and technology that will improve their overall experience and increase feelings of security while on the road."

The survey of 7,850 business travellers in 19 global markets included 500 within Canada. Notable highlights are:

  • Globally, LGBTQ+ travellers are hiding aspects of their identity when travelling for work:
    • The vast majority (95%) of LGBTQ+ travellers have hidden their sexual orientation while on a business trip, with the most common reasons being to protect their safety (57%).
    • Further, 85 per cent have changed their travel arrangements out of concern for their safety, compared to just 53 per cent of their non-LGBTQ+ colleagues.

  • Among Canadians, female travellers face striking levels of harassment and sexism on the road:
    • More than 4 in 5 Canadian female business travellers (81%) have experienced some sort of harassment or mistreatment while travelling, and nearly half (46%) have been asked if they were travelling with their husband.

  • Canadians are stressed when planning for a business trip, but expense reimbursement is the real pain point:
    • A lack of clear-cut policy is impacting employees who are feeling more stressed at the office than on the road. To Canadian business travellers, before the trip (47%)—when they have to plan, book and organize—is the most stressful stage.
    • Though Canadian business travellers dread planning their trip the most, the processes after the trip are still a notable pain point. In fact, over 1 in 4 Canadian business travellers (26%) would rather have a cavity filled at the dentist than fill out an expense report after a business trip.
    • The primary reason for loathing expense reports is the delay in reimbursement. Canadian business travellers report that employers have taken, on average, up to 11 days to reimburse them for a business trip expense.
    • These delays in reimbursement for expenses are affecting Canadian business travellers' trust in their companies: Over half (54%) of Canadian business travellers report they forfeited expenses in 2018, either because they did not think the expense was worth filing or—more troublingly—because their employer simply never paid them the money they're owed. They have forfeited an average of $1,421 CAD from expenses that weren't reimbursed by their employers.

  • Canadian business travellers turning to technology to improve employee experience:
    • Canadian business travellers have become accustomed to using apps and smart devices to enhance their daily lives, but they don't believe their companies have kept up with the times.
    • Canadians surveyed have the third-highest rate of agreement that their company is behind in adopting the latest technologies to manage travel (73%), compared to the global sentiment (67%).
    • Canadians who say their company is lagging note booking and expense reporting tools (61%) and travel safety tools (57%) as the technologies that need the most attention. 
    • Even those whose companies are taking advantage of technology see room for improvement. More than 3 in 5 business travellers who use an online booking tool (62%) report their companies are behind in adopting booking and expense reporting tools, compared to the 53 per cent of those who do not use an online booking tool.

More results of the Global Business Traveler Survey can be found at https://www.concur.com/en-us/resource-center/whitepapers/business-traveler-report-2019

The survey was conducted by Wakefield Research (www.wakefieldresearch.com), a leading independent provider of quantitative, qualitative and hybrid market research, among 7,850 business travelers, defined as those who travel for business three or more times annually from the following markets: Australia, Belgium, Brazil, Canada, China, Hong Kong, Taiwan, Denmark, Finland, France, Germany, India, Japan, Luxembourg, Mexico, Netherlands, Norway, Singapore, Malaysia, Sweden, United Kingdom and the United States. The survey took place July–August 2019.

About SAP Concur

SAP® Concur® is the world's leading brand for integrated travel, expense, and invoice management solutions, driven by a relentless pursuit to simplify and automate these everyday processes. The top-rated SAP Concur mobile app guides employees through every trip, charges are effortlessly populated into expense reports, and invoice approvals are automated. By integrating near real-time data and using AI to audit 100% of transactions, businesses can see exactly what they're spending without worrying about blind spots in the budget. SAP Concur solutions eliminate yesterday's tedious tasks, make today's work easier, and help businesses run at their best every day. Learn more at concur.com or the SAP Concur blog.

About SAP

As the Experience Company powered by the Intelligent Enterprise, SAP is market leader in enterprise application software, SAP helps companies run better. SAP applications and services enable our customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

© 2019 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.

SAP News Center press room; press@sap.com

Please consider our privacy policy. If you received this press release in your e-mail and you wish to unsubscribe to our mailing list please contact press@sap.com and write Unsubscribe in the subject line.

SOURCE SAP Concur

© Canada Newswire, source Canada Newswire English

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Sales 2019 27 598 M
EBIT 2019 8 205 M
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Yield 2019 1,25%
P/E ratio 2019 39,6x
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