What does it take to be recognized as a leader in growth by Forbes Magazine? Innovation, sales, thorough relationships, and much more has placed Concur Technologies on the Forbes Top 100 Most Innovative Growth companies in 2014. How did Forbes develop the list? What does this mean to partners and developers? How can you learn more about the innovative technology?
Forbes Most Innovative Company Methodology
From Forbes: “Our method relies on investors’ ability to identify firms they expect to be innovative now and in the future. Companies are ranked by their innovation premium: the difference between their market capitalization and a net present value of cash flows from existing businesses (based on a proprietary formula from Finstra Consulting in collaboration with Innovators DNA LLC (using data provided by HOLT, a division of Credit Suisse). The difference between them is the bonus given by equity investors on the educated hunch that the company will continue to come up with profitable new growth.
To be included on the Growth list, firms need seven years of public financial data and to be under $10 billion in market cap. For the full breakdown of the methodology, please link to Forbes for ranking information.
The innovation premium metric measures how much the company’s current valuation exceeds the value implicit in its current business. At a fundamental level, the reason investors bid a company’s stock price above the value of its current business is that they are expecting new growth. For more information on Innovation Premium and the Implications on Investors, please head over to the Forbes website.
Concur is a leading provider of integrated travel and expense management solutions. Founded in 1993 on the premise of helping drive costs out of businesses through innovation, Concur’s services are trusted by over 20,000 clients around the globe with over 25 million users.
Concur Technologies appeared on the Forbes Most Innovative Growth Companies List with a 72.1 Innovation Premium, $6 Billion Enterprise Value, and 20.6% Average Sales Growth; enough to land the company at #10 on the list.
What does it mean to work with such an innovative company? It means that investors and customers are seeing the growth and improvement as a result of choosing Concur over competitors. Where does this innovation stem?
Concur benefits both from internal innovation and the added value through providers like Brittenford Systems, who offers ExpenseConnect to efficiently connect Concur expenses with Intacct or Microsoft Dynamics GP. How does Brittenford ExpenseConnect add value to an innovative company such as Concur? This is where our expertise in custom solutions helped AtTask improve their reporting.
Looking to learn more about improving your expense reporting through Concur Technologies and Brittenford Systems? Contact us today and see how you can get the most through automated transaction integration through Brittenford ExpenseConnect.