Conovum
Conovum AG is a Munich-based hybrid software and consulting firm that builds the cloud-based conovum Integration Platform (cIP) to connect Amadeus Cytric and other T&E systems with SAP for large European enterprises across seven verticals including Automotive, Finance, and Energy.
- Company typePrivate
- Founded1999
- HeadquartersMunich, Germany
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Conovum does
Conovum AG is a Munich-based, privately held Aktiengesellschaft founded in 1999 that operates as a hybrid software and consulting company specializing in business travel process integration for large European enterprises. It positions itself as Europe's leading provider for business travel data integration, serving 70+ named customers across seven verticals — Automotive & Mobility, Finance & Insurance, Energy & Utility, Retail, IT & Telecom, Media & Services, and Industry & Engineering — including Allianz, BMW, Daimler, Siemens, BASF, E.ON, Deutsche Telekom, and Deutsche Bundesbank. The technology foundation is the proprietary conovum Integration Platform (cIP), a cloud-based, SAP-certified, DSGVO-compliant and TISAX-certified platform that connects travel and expense systems — primarily Amadeus Cytric, SAP Concur, Emburse ChromeRiver, and Skovik — with SAP ECC, SAP S/4HANA (FI/CO/HCM), SAP Cloud, and AirPlus payment infrastructure. On top of the platform sit eight add-on modules: conovum eREC (e-invoicing for the 2027 mandate), UI5 Companion (SAPUI5 expense capture), the Cytric Integration Suite, mor€green (Flightright-powered flight compensation), Travel Compliance Companion (A1/EU PWD compliance), Visa Alert (CIBT-integrated), VAT Reclaim, and CO2-Companion (CSRD Scope 3 Category 6 reporting via DEFRA/VDR/GHG standards).
The business model blends subscription software licensing for proprietary products, professional services consulting for process design and global rollouts, managed cloud operations of the cIP platform, custom software development, and outcome-based transaction fees for VAT Reclaim and mor€green. Go-to-market is a sales-led, direct enterprise motion augmented by a partner channel comprising SAP (with SAP Directory / Clean Core / ICC certifications), Amadeus, AirPlus, and TMCs such as BCD Travel and Global Business Travel. Pricing is quote-based and tailored to enterprise requirements, with annual billing cadence for software and pay-as-you-go for the transaction-fee products. Leadership comprises a three-person Vorstand (Carsten Hoymann as CEO/Vorsitzender, Marko Schmidt, and Dr. Gunther Schöppe) under Supervisory Board Chairman Peter Heinold; the company is bootstrapped with no disclosed funding rounds and operates with 50+ employees from its Munich headquarters.
Conovum firmographics
Firmographics- Name
- Conovum
- Legal name
- conovum AG
- Website
- https://conovum.de
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Conovum AG is a Munich-based hybrid software and consulting firm that builds the cloud-based conovum Integration Platform (cIP) to connect Amadeus Cytric and other T&E systems with SAP for large European enterprises across seven verticals including Automotive, Finance, and Energy.
- Ownership category
- akta.pro rank
Conovum industry classification
Industry- Product category
- Enterprise Travel Management Software
- NAICS
- Computer Systems Design and Related Services (54151), Custom Computer Programming Services (541511), All Other Travel Arrangement and Reservation Services (561599)
- SIC
- Services-Computer Integrated Systems Design (7373), Services-Management Services (8741)
- akta.pro primary industry
- Integrations, APIs & Automation (Middleware/iPaaS) (THALAMAN)
- akta.pro secondary industries
- Expense, Invoice Capture & Spend Management (T&E Integration) (THALAGAG), Corporate Travel CRM, Case/Ticketing & Service Workflow Tools (THAKANAL)
Keywords
Where Conovum is headquartered
LocationHeadquarters
- HQ city
- Munich
- HQ country
- Germany
- HQ region
- Europe
Offices1 record
Markets served
Conovum business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Software Products: Proprietary cloud and AI-based products including conovum eREC, UI5 Companion, Cytric Integration Suite, mor€green, Travel Compliance Companion, Visa Alert, VAT Reclaim, and CO2 Companion. Products are sold as subscriptions or licenses to enterprise clients.
- Consulting Services: Over 25 years of deep consulting experience providing business travel process consulting, rollouts and global system templates, process digitalization and automation, and travel compliance services.
- Cloud Operations: Operation of the leading scalable integration platform with proprietary and growing data privacy protection.
- Custom Software Development: Customer-specific apps with seamless integration and tailored software solutions, from individual app and cloud solutions to complete business travel system integration and long-term product lifecycle management.
- VAT Reclaim: Success-based commission model for automated VAT recovery from foreign countries - companies pay only a commission on successfully recovered amounts.
- mor€green (Flight Compensation): 100% success-based model for automated flight compensation claims - no fixed costs or running fees, compensation only in case of success.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise software and consulting services |
| Transaction based/ take rate | Pay-as-you-go | VAT Reclaim - success-based commission |
| Outcome Based/ Performance | Pay-as-you-go | mor€green - success-based flight compensation |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Conovum product offering
Product offeringCore offering
Conovum is a hybrid software and consulting company that provides business travel management solutions to large enterprises. Its core offering is the conovum Integration Platform (cIP), a SAP-certified, DSGVO-compliant cloud platform that connects travel booking systems (Amadeus Cytric, SAP Concur) with SAP ERP environments, complemented by add-on modules for e-invoicing, expense capture, CO2 reporting, VAT reclaim, flight compensation, visa alerting, and travel compliance (A1/EU).
Product overview
Conovum is a hybrid software and consulting company and Europe's leading provider of business travel data integration. Its product portfolio centers on the conovum Integration Platform (cIP), a cloud-based, SAP-certified integration platform that connects travel booking systems (primarily Amadeus Cytric) with SAP ERP systems. Built on this platform are multiple specialized add-on modules: conovum eREC (e-invoicing), UI5 Companion (expense capture), Travel Compliance Companion (A1/EU compliance), Visa Alert (visa automation), CO2-Companion (sustainability reporting), VAT Reclaim (tax recovery), and mor€green (flight compensation). The suite is designed for large enterprises with complex travel management needs, with all products sharing the common thread of end-to-end automation and SAP integration.
Differentiator
Problem solved
Functional benefit
Brands
- conovum eREC: End-to-End E-Invoice solution with Cytric – legally compliant, fully automated and seamlessly integrated into SAP. Prepares companies for 2027 e-invoice mandate.
- UI5 Companion
- conovum Integration Suite for Cytric
- mor€green
- Travel Compliance Companion
- Visa Alert
- VAT Reclaim
- CO2 Companion
Products and services
- conovum Integration Suite for Cytric Comprehensive cloud-based integration platform that seamlessly connects Amadeus Cytric Travel & Expense with SAP ERP (S/4HANA, ECC, HCM, FI/CO) and other enterprise systems to fully automate business travel processes from booking through settlement. SAP ICC certified, DSGVO compliant, TISAX certified.
- conovum eREC End-to-end e-invoicing solution for business travel that validates XML invoice data (XRechnung, ZUGFeRD) against EN 16931 standards and automates SAP FI booking with audit-ready archiving. Built for compliance with the 2027 e-invoice mandate.
- UI5 Companion SAP-integrated travel expense application built on SAPUI5 and NetWeaver Gateway that provides automated policy checking, mobile receipt capture, and SAP-compliant booking within existing SAP FI-TV processes.
- mor€green Automated flight delay compensation enforcement solution that identifies eligible claims from booking data and pursues legal recovery through Flightright on a 100% success-based commission model.
- Travel Compliance Companion Automated A1 certificate and EU registration (PWD) management system integrated with SAP HCM that triggers compliance processes upon travel booking and maintains audit-ready documentation.
- Visa Alert Automated visa requirement detection at booking time that notifies travelers and enables direct visa application through integrated visa service providers (CIBT).
- VAT Reclaim Automated foreign VAT recovery service that extracts expense data from Cytric Expense, handles country-specific filing requirements, and returns refunds on a success-based commission model.
- CO2 Companion Automated CO2 emission calculation tool for business travel that processes booking and expense data through VDR, DEFRA, and GHG standards for CSRD Scope 3 Category 6 reporting, with optional connection to compensation providers such as Atmosfair.
- Business Travel Consulting Services Strategic business travel consulting, global rollout and system template services, process digitalization and automation advisory, and travel compliance consulting for large multinational organizations.
Quantifiable outcome
- Automated CO2 calculation according to DEFRA, VDR, and GHG standards for CSRD compliance
- +3 more outcomes
Companies that use Conovum
Customer profileNamed customers78 records
Segments7 records
Ideal customer profiles1 record
Conovum technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration17 records
AI capability2 records
Feature6 records
Conovum partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core, major and minor.
- SAPcoreStrategic technology partnership with SAP. Conovum operates SAP-certified integrations and is listed in the SAP Directory. Their solutions are SAP Clean Core certified and maintain official SAP ICC certification for S/4HANA compatibility.
- Amadeus (Cytric)corePrimary technology partner for the Cytric Travel & Expense platform. Conovum has developed comprehensive integration solutions connecting Cytric with SAP and other enterprise systems through their Integration Platform (cIP).
- SAP ConcurcoreIntegration partnership for SAP Concur, the most widely used Travel & Expense Management system, fully integrated into SAP processes including FI/CO and HCM.
- AirPluscoreCertified credit card clearing solution partnership with AirPlus, providing powerful and certified billing settlements for business travel payments.
- BCD TravelmajorStrategic partnership with BCD Travel, a leading Travel Management Company, for coordinated travel management services.
- Global Business TravelmajorPartnership with Global Business Travel, a major global travel management company.
- FlightrightcoreTechnology partnership for the mor€green product - Flightright handles the complete legal enforcement of flight compensation claims against airlines, including out-of-court communication and, if necessary, legal proceedings.
- CIBT VisacoreVisa service provider partnership for the Visa Alert product, enabling automated visa requirement detection and streamlined visa application process.
- Emburse (ChromeRiver)majorPartnership for expense management platform integration, providing seamless connectivity between Emburse ChromeRiver and existing finance and HR systems.
- SkovikmajorPartnership for AI-powered expense solution integration, enabling simple, fast, and fully integrated expense management.
- AtmosfairminorSustainability partnership for CO2 compensation services integrated into the CO2 Companion product.
- Der BusinessminorTravel management company partnership.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Conovum competitors and assessment
Company assessmentDirect peers
- Rydoo: Rydoo is a European expense and travel management platform with SAP and ERP integrations. It targets a similar mid-to-large European enterprise segment with overlapping product capabilities in expense and travel automation.
- Navan (formerly TripActions): Navan is a corporate travel and expense platform combining booking, card, and expense automation. It overlaps with Conovum's UI5 Companion and broader T&E integration thesis, especially for enterprises seeking an end-to-end corporate travel solution.
- Emburse (Chrome River): Emburse provides expense and invoice automation with deep SAP and ERP integrations, mirroring much of Conovum's UI5 Companion / eREC footprint. Both target large enterprises that need SAP-native expense and invoice processing.
- TravelPerk: TravelPerk is a business travel booking & expense platform with strong European roots and SAP integrations. It competes with Conovum on the integrated booking-to-settlement stack, particularly for European mid-market and enterprise accounts.
- Amadeus Cytric: Amadeus Cytric is the primary T&E platform that Conovum's Integration Suite connects to SAP. Cytric itself provides travel booking and expense, and Conovum is its largest independent SAP-integrator partner in Europe; the two compete in some adjacent add-on spaces while co-selling on the core booking flow.
Broad incumbents
- BCD Travel: BCD Travel is a major global TMC that Conovum lists as a channel partner. BCD also sells proprietary technology into corporate travel programs, making it both a partner and an indirect competitor for technology-led engagements.
- SAP Concur: SAP Concur is the dominant global T&E platform. Conovum lists it as an integration partner but also competes at the edges: enterprises choosing native Concur-with-SAP forgo a Conovum layer, making Concur the most important incumbent threat to Conovum's value proposition.
- CWT (Carlson Wagonlit Travel): CWT is a global corporate travel management company with embedded technology and expense capabilities. It serves the same large multinational enterprise segment as Conovum's customers and competes for technology budget at the corporate buyer level.
Emerging players
- Spotnana: Spotnana offers a modern, API-first corporate travel platform with strong ERP/SAP integrations. It represents a newer architectural approach that could pressure Conovum's Cytric-centric integration stack.
- Skovik: Skovik is an AI-powered expense management provider that Conovum lists as a technology partner. Both compete for the same SAP-integrated expense automation slot inside mid-and-large enterprise finance functions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
Conovum social profiles
Digital presenceConovum compliance and trust
Trust signalCompliance4 records
Conovum financial estimates
Financial estimateRevenue estimate
Valuation estimate
Conovum leadership team
Management profileNumber of profiles
Profiles4 records
Conovum funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Conovum M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Conovum
What does Conovum do?
Conovum is a hybrid software and consulting company that provides business travel management solutions to large enterprises. Its core offering is the conovum Integration Platform (cIP), a SAP-certified, DSGVO-compliant cloud platform that connects travel booking systems (Amadeus Cytric, SAP Concur) with SAP ERP environments, complemented by add-on modules for e-invoicing, expense capture, CO2 reporting, VAT reclaim, flight compensation, visa alerting, and travel compliance (A1/EU).
Is Conovum a public or private company?
Conovum is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Conovum founded?
Conovum was founded in 1999. It employs 11 to 50 people.
Where is Conovum based?
Conovum is headquartered in Munich, Germany, in the Europe region.
How does Conovum make money?
Six revenue lines are on record. Software Products are the primary driver. The others are consulting Services, cloud Operations, custom Software Development, VAT Reclaim and mor€green (Flight Compensation).
Who are Conovum's main competitors?
Direct peers on record are Rydoo, Navan (formerly TripActions), Emburse (Chrome River), TravelPerk and Amadeus Cytric. Broad incumbents are BCD Travel, SAP Concur and CWT (Carlson Wagonlit Travel). Emerging players are Spotnana and Skovik.
Does Conovum have an API?
No public API is recorded for Conovum.
What industry is Conovum in?
Conovum's product category is Enterprise Travel Management Software. Its primary akta.pro industry code is THALAMAN, Integrations, APIs & Automation (Middleware/iPaaS), with a secondary code of THALAGAG, Expense, Invoice Capture & Spend Management (T&E Integration). Its NAICS code is 54151 and its SIC code is 7373.