At 10-12% of most companies' annual revenues, T&E budgets are an important area of expense control. Travel & Entertainment Expense Management (TEM) solutions cover the process of submitting, approving and reimbursing costs incurred by employees while conducting business on behalf of their employer. With over 50% of companies still using manual processes such as Excel spreadsheets or pen and paper, this multi-billion-dollar market will continue to be a major focus area for companies. The following report takes a closer look into the market as well as companies in the ecosystem, M&A and private placement activity.
© In the U.S., America’s Growth Capital, LLC dba AGC Partners, member FINRA/SIPC. In Europe, America’s Growth Capital Europe, LLP (Appointed Representative Alternatives St. James, LLP which is authorized and regulated by the Financial Conduct Authority). America’s Growth Capital Europe, LLP is a Limited Liability Partnership incorporated in England and Wales (OC368580). Its registered address is 6th Floor, 9 Appold Street, London EC2A 2AP. The testimonials contained herein may not be representative of the experience of other customers or clients. Testimonials are no guarantee of future performance or success. Deals marked with an “*” are non-AGC deals.
