REDMOND, Wash., October 03, 2006 - Concur Technologies, Inc. (Nasdaq: CNQR), the world's leading provider of on-demand business services that automate Corporate Expense Management (CEM), today announced the availability of Concur® Audit Service, a service that addresses one of the most time-consuming portions of the expense reporting process - the verification of employee expense receipts. This new service helps clients accurately report and properly classify expenses in accordance with corporate and regulatory policies by verifying the accuracy and validity of expense receipts submitted by employees.
"More and more companies are looking to outsource the costly and time-consuming internal processes that assure that their corporate spend is under control and in compliance with company policy," said Rajeev Singh, president & COO of Concur Technologies. "Complete control and visibility into travel and entertainment spend is only possible through a seamless end-to-end solution. Concur is the only company that addresses all aspects of an organization's travel and expense management process - from online travel procurement to expense reporting and payment - leveraging robust receipt imaging and flexible auditing services to help them comply with their policies while reducing costs."
Concur Audit Service provides dedicated auditing resources to help streamline the process of managing and substantiating expense receipts, significantly cutting audit costs while introducing a higher level of control over corporate travel and entertainment (T&E) expenses. Leveraging the paperless efficiency of Concur® Imaging Service, the service helps clients accurately report and properly classify expenses, even identifying those expenses that should be treated as taxable income for employees. Customizable and flexible enough for any organization, Concur Audit Service can conduct random audits at any level to meet the client's needs while also conducting 100% audits that target specific users or groups.
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