New Aberdeen Group report recommends that organizations leverage combination of T&E expense report automation and corporate card programs to achieve superior performance
Redmond, Wash., July 21, 2009 – Concur (NASDAQ: CNQR), the world’s leading provider of on-demand Employee Spend Management services, today announced the release of the Aberdeen Group’s new report “Travel and Entertainment Expense Management Automation: Reduce Costs, Improve Control”. Available compliments of Concur at http://www.aberdeen.com/link/sponsor.asp?spid=30410153&cid=5797, this new report focuses on best practices used by top-performing companies and offers specific recommendations based on an examination of the use, the experiences and the intentions of a broad range of companies regarding their management of T&E expenses.
“The effects of this recent economic downturn have forced enterprises to re-evaluate the management of T&E – which for many organizations is a multimillion-dollar category of spend,” said Andrew Bartolini of Aberdeen Group. “Our research indicates that the truly successful organizations in this area are leveraging the combination of expense reporting solutions and corporate card programs to enhance their visibility and control. The net result is both a decrease in operational costs and an increase in compliance to T&E policies.”
Concur® Travel & Expense is the on-demand service that seamlessly combines travel booking and expense reporting. Powerful and easy-to-use, Concur Travel & Expense delivers exclusive SmartExpenses™ by automatically matching and reconciling booked travel itinerary, corporate card and e-receipt data, virtually eliminating traditional expense reports. With Aberdeen’s research showing that automation helps best-in-class organizations cut the cost of processing an expense report from over $25 to about $6.50, while slashing processing time by one third, it’s clear why demand is increasing for solutions like Concur Travel & Expense. And by delivering unprecedented access to T&E data, Concur Travel & Expense helps companies increase efficiency, control employee spend and drive down operational costs.
As part of Concur’s comprehensive suite of on-demand Employee Spend Management solutions, Concur Travel & Expense helps small, mid-sized and enterprise organizations achieve best-in-class performance by automating the entire corporate travel and expense management process, providing accurate analysis of employee spend while improving process audit-ability. To learn more about best practices and to read the entire Aberdeen report “Travel and Entertainment Expense Management Automation: Reduce Costs, Improve Control”, please visit http://www.aberdeen.com/link/sponsor.asp?spid=30410153&cid=5797.
Concur will also be hosting a Webinar on Wednesday, September 9 at 1:00 pm ET, featuring Aberdeen’s Andrew Bartolini, who will discuss the results of this research and its impact on how companies are managing T&E spend.