BOSTON, MASS., July 24, 2007 - Concur (NASDAQ: CNQR),the world's leading provider of on-demand Employee Spend Management services, announced the launch of Concur® Connect, a global program connecting suppliers from around the world to over $20 billion of spend driven by Concur's nearly 5,000 clients. Based on open-standards, Concur Connect is a set of interfaces delivering content from multiple distribution and supplier systems. This platform gives clients exclusive access to services otherwise unavailable though traditional managed travel programs.
Concur Connect doesn't stop at reservations like other content aggregators. Concur uses exclusive technology to gather receipts, automate expense reporting and deliver Smart Expenses™ – Concur's industry-first innovation that completely shatters the notion of the traditional expense report. By matching the three trusted sources of data – itinerary, corporate card and e-receipts – Concur provides the capability for organizations to automatically complete the expense report on the employee's behalf, making One Touch Business Travel™ a reality.
Travel suppliers of all kinds are enthusiastically embracing Concur Connect. For example, Hilton, Marriott, Starwood, Hertz, Avis/Budget, Enterprise have all begun the integration process by sending enhanced property and service descriptions for Concur to display to the millions of business travelers who book their travel and process their expenses through Concur's services. Integration projects extend through direct booking capability and e-folio integration to facilitate one touch business travel. Concur Connect covers a broad range of services from over 100,000 suppliers; including GDS suppliers, limos, parking, and the widest selection of rail content through direct rail system agreements spanning Europe and North America.
Concur Connect is also giving clients access to seven thousand dining establishments though OpenTable.com. "OpenTable is the world's most popular service for making restaurant reservations online," said Doug Boake of OpenTable. "We are excited to work with Concur to offer their customers access to the OpenTable service."
Through deep integration with GDS's, for example Air France Abonnement Card bookings on Amadeus and American Airlines AAirpass on Sabre, Concur Connect ensures that travelers have access to the services they are accustomed to using in different regions of the world. For content not available in the GDS, Concur Connect directly integrates with supplier systems. "Traditional distribution systems have been challenged to efficiently deliver Air Canada's revolutionary products that our corporate customers need and are demanding," said Graham Wareham, General Manager Product Distribution, Air Canada. "Air Canada is thrilled that Concur, through Concur Connect and its superior technology platform, has been able to utilize the ac2u direct connect link to provide corporate travel managers with direct access to our products, inventory and programs including Flight Pass." Concur Connect accesses services and affinity programs through direct connections with airlines like Air Canada, AirTran Airways, Jetblue Airways and Virgin Blue.
"Companies are demanding that the entire travel and expense process be tightly integrated – from sourcing and procurement all the way through to reimbursement and vendor management," said Rajeev Singh, president and chief operating officer for Concur. "Concur Connect is the engine that enables Concur to provide our clients with access to the content, inventory and programs they need. But it also provides travel suppliers with a more direct connection to business travelers, offering service amenities and access to programs that drive loyalty and increase satisfaction. Most importantly, Concur Connect enables both corporate travel buyers and the suppliers they use to efficiently exchange data and conduct frictionless transactions, increasing visibility and driving down costs."
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