REDMOND, Wash., April 20, 2005 - Concur Technologies, Inc. (Nasdaq:CNQR), the world's leading provider of business services that automate Corporate Expense Management, today announced several key contracts awarded in the second quarter of fiscal 2005. Atex, Computershare Investor Services plc, GENEON Entertainment (USA) Inc., General Medical Council, IMS Health, Massachusetts Mutual Life Insurance Company (MassMutual), Mayo Foundation and Trinity Horne Limited join the many other companies who have already chosen Concur to help them automate their travel and entertainment (T&E) expense reporting process.
"Concur's automated expense management solution is ideally suited for a global organization like IMS," says Jim Ferguson, director of accounts payable and tax at IMS Health. "We have found it to be a highly flexible system that can be easily adapted for different languages, regions and work environments. Concur will enable us to streamline our employee reimbursement process, minimize paperwork and speed manager reviews and approvals. It's a user-friendly tool that will help us manage strategically."
Hundreds of companies around the globe now subscribe to Concur Expense Service - Concur's Web-based expense reporting service. Flexible enough to accommodate the needs of organizations of any size, Concur Expense Service drastically accelerates expense reimbursements, strengthening internal controls while providing organizations with the valuable T&E expense data they need to manage costs. Because it's delivered over the Web, Concur Expense Service easily scales to meet the needs of any organization - from the largest global enterprise to smaller budget conscious companies - without the time-consuming maintenance and costs typically associated with traditional licensed software.
"As the demand for corporate accountability and compliance continues to build, more and more world-class organizations like IMS Health, MassMutual, and Mayo Foundation are making the strategic decision to automate their expense reporting process," said Steve Singh, chairman and chief executive officer of Concur Technologies, Inc. "By subscribing to Concur Expense Service, these organizations - and hundreds of others just like them around the globe - are gaining greater control over the entire expense reporting process, increasing operational efficiency and boosting employee productivity."
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