REDMOND, Wash. /CHICAGO, Ill., July 17, 2006 - Concur Technologies, Inc. (NASDAQ: CNQR), the world's leading provider of on-demand business services that automate Corporate Expense Management (CEM), announced today from the National Business Travel Association's (NBTA) International Conference and Exposition the debut of Concur's complete, end-to-end travel management and expense reporting solution. Concur combines the industry's leading corporate travel management service with the leading expense reporting service, creating an end-to-end corporate T&E service that will provide enhanced visibility into travel transactions and associated expense reports.
By automating the entire T&E process - from booking business travel to post-trip reimbursement - Concur's end-to-end solution allows organizations to manage corporate travel while ensuring their expense reporting processes operate at the highest level of accuracy and compliance with corporate and regulatory policies. Simultaneously, Concur makes the travel management and expense reporting process seamless to business travelers, substantially reducing the time and complexity involved with booking corporate travel, filing the associated expense report and receiving reimbursement for the expenses.
"T&E is the second largest area of controllable spend for many of our customers, but until today, most companies treated the management of corporate travel and expense reporting as completely disparate processes. With Concur seamlessly combining travel procurement, expense reporting and reimbursement into one end-to-end solution, those days are over," said Rajeev Singh, president and COO of Concur Technologies. "Concur customers are demanding the broadest selection of travel content - independent of distribution or agency restrictions - along with the ability to compare their booking and itinerary data to actual expense data in order to gain greater visibility into their employees' business travel expenses. By innovating to provide a complete, end-to-end travel and expense management service, Concur reinforces our commitment to helping our customers eliminate the risks, inefficiencies and costs of managing expenses, enabling them drive even further costs out of their businesses.
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