Concur Broadens European Distribution by Partnering with Leading Financial Institutions BCC Corporate and Nordea

LONDON, July 23, 2007 - Concur (NASDAQ: CNQR), the world's leading provider of on-demand Employee Spend Management services, today announced partnerships with leading European banks and corporate credit card providers. Driven by the increasing demand within their client-base for additional services to complement their corporate credit card programs, leading financial institutions BCC Corporate and Nordea are now partnering with Concur to provide their clients with access to the powerful travel and expense management services delivered by the world leader in Employee Spend Management.

"Our clients rely on us to provide them with the products and services they need to help them better manage their employee spend," said Wouter Versonnen, Sales Manager for BCC Corporate. "Concur is the only provider offering a truly unified travel booking and expense reporting solution, delivering the simple yet powerful solutions our clients demand. Used in conjunction with our established credit card programs, Concur's services increase card usage, help drive policy compliance and provide greater visibility into, and control over, employee spend."

Concur's end-to-end travel and expense management services streamline the travel procurement, corporate meeting planning and expense reporting processes, while the vendor payment solution enables organisations to automate and streamline the processing of vendor invoices and employee check requests. Concur’s services are flexible enough to accommodate the needs of organisations of any size – with many Concur clients now benefiting from using multiple Concur services in conjunction with one another to drastically cut costs and manage employee spend before it occurs.

"Companies are asking their corporate credit card partners for services and technology to help them better manage their employee spend," said Rajeev Singh, president and chief operating officer for Concur. "While our partners recognise the value of offering their clients one complete end-to-end service that manages corporate travel and entertainment costs, they also understand that today’s clients require a truly global solution. Concur's end-to-end travel and expense management services not only support a wide range of languages, currencies and tax and policy regulations, they also provide access to the broadest selection of travel content from around the globe. As the only provider offering a truly unified, global travel and expense management solution, Concur is helping our partners deliver the services their clients need to help them drive costs out of their businesses – from the moment a business trip is planned through reimbursement."

All company or product names are trademarks and/or registered trademarks of their respective owners.

Loading next article