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Expense8 by 8common was positioned as a Worldwide Major Player for SaaS and Cloud-Enabled Enterprise Travel and Expense Management Applications

Fintech group 8common Limited (ASX:8CO), a leading provider of travel expense management software and card application management, has been named a Major Player in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Enterprise Travel and Expense Management Applications 2019 Vendor Assessment (doc #US45354719, December 2019).

The IDC MarketScape provides an evaluation of the leading SaaS and cloud-enabled enterprise travel and expense software solutions and discusses criteria most important for companies to consider when selecting a system.

T&E management software provides services that work alongside financial accounting, human resources, and procurement systems to create a single, connected process for managing an organisation spend.

Andrew Bond, Chief Executive Officer of 8common said, “We are delighted to be recognised as a World Major Player by the IDC MarketScape. It is also timely as it helps provide a global basis and path for us to further deliver on our product and operational roadmaps.”

Ben Brockhoff, Chief Product Officer and Chief Operating Officer of 8common said, “The IDC MarketScape report acknowledges our efforts and success in becoming Information Security Registered Assessors Program (IRAP) certified – a designation only provided once you meet strict defense-level security standards in Australia. This allows 8common to provide customers with maximum control over their travel and expense management accounts and data. This certification is also a significant advantage over some other software vendors trying to enter the government and higher education space”.

8common provides Travel and Expense Management (TEM) and card services for over 120 entities across the Federal, New South Wales and Northern Territory governments, with over 95,000 active users within State and Federal Government including the Federal Department of Finance and the NSW Department of Education.

This announcement has been authorised for release by the Board.