A statement from the company said the partnership would offer transaction solutions that were the best available.
It would also lead to closer alignment between commercial card providers and their clients.
SAP Concur is an American firm that offers travel and expense management services to businesses using the software-as-s-service model.
"In today's competitive environment and rapidly evolving digital economy, Mastercard's integration with SAP Concur solutions will deliver the tools and insights that businesses and governments need to control costs and manage expenses tightly, transparently and efficiently."
Mastercard said the usage of commercial cards along with SAP Concur solutions for corporate travel booking, expense management and invoice processing would help speed up reconciliation and payments while strengthening cost controls and improving compliance.
For Mastercard's issuing customers, the partnership would improve processing of corporate payments.
It also supports extension of SAP Concur solutions to business and government clients of all sizes.