REDMOND, Wash., January 19, 2005 - Concur Technologies, Inc. (Nasdaq:CNQR - News), the world's leading provider of business services that automate Corporate Expense Management, today announced several key contracts awarded in the first quarter of fiscal 2005. Covenant Retirement Communities, LabOne Inc., Penn State University, Schindler Elevator Corporation, Solvay Healthcare Ltd., The BOC Group, and White Lodging Service Corp., represent a small sample of the new and existing clients who selected Concur solutions to automate their travel and entertainment (T&E) expense reporting process.
"We selected Concur Expense Service primarily as a vehicle to streamline and standardize an inherently cumbersome process," said Tom Pluta, Controller for Covenant Retirement Communities. "Automating through Concur Expense Service will not only save time and speed reimbursement for our employees who regularly file expense reports, but it will also enable our accounts payable department to quickly and accurately process each report, increasing efficiency while driving down costs."
Concur Technologies offers flexible expense management solutions to meet the unique needs of organizations of all sizes. Customers can take advantage of rich, full-featured solutions that drastically accelerate reimbursements, improve internal controls, and provide a wide range of analytics to better control spending. More than 1,200 companies have chosen Concur Expense Service - Concur's subscription-based expense reporting service. Because it's a service delivered over the Web, Concur Expense Service can be deployed rapidly to every employee in an organization, delivering the latest innovations at no additional expense while drastically reducing the total cost of ownership typically associated with major software installations.
"Expense reporting is not only a time-consuming and expensive proposition for most companies today, it also represents a significant category of employee-driven spend that few companies have adequate control over," said Steve Singh, chairman and chief executive officer of Concur Technologies, Inc. "By subscribing to Concur Expense Service, companies of any size can now take control of their expense reporting process and inject important regulatory-driven controls into their process - quickly, easily and affordably."
All company or product names are trademarks and/or registered trademarks of their respective owners.