REDMOND, Wash., October 20, 2004 - Concur Technologies, Inc. (NASDAQ: CNQR), the leading provider of Corporate Expense Management solutions, today announced several key contracts awarded in the fourth quarter of 2004. Ace Hardware Corp, The Charles Schwab Corporation, Loram Maintenance of Way, Inc., Medassist Group, NVIDIA Corporation, Sypris Solutions, Inc., and TALX Corporation, 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 because of its ease of deployment and the added convenience it will provide to our employees," said Ron Knutson, Vice President, Controller for Ace Hardware Corp. "Improving the efficiency and better controlling the total travel expenditures at Ace Hardware will not only help us further streamline our processes, but will also add to our bottom line profits, ultimately leading to increased dividends for our retailer base."
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 significantly speed reimbursement times, improve internal controls, and provide a wide range of analytics to better control spending. More than 1,200 companies have chosen to subscribe to Concur Expense Service which can be deployed rapidly to every employee in an organization, delivers the latest innovations at no additional expense, and drastically reduces the total cost of ownership typically associated with major software installations.
"With each passing quarter, new companies are adopting Concur Expense Service as a vehicle to reduce costs and inject greater control into their expense reporting process," said Steve Singh, chairman and chief executive officer of Concur Technologies, Inc. "With low up-front costs and a predictable cost structure, our flagship Concur Expense Service delivers the unique innovations our customers need, like integrated receipt imaging, powerful data analysis tools and access to the new Concur Benchmarking Service."
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