REDMOND, Wash., November 29, 2006 -Concur Technologies, Inc. (Nasdaq: CNQR), the world's leading provider of on-demand business services that automate Corporate Expense Management (CEM), today announced key contracts awarded in the fourth quarter of fiscal 2006. Archstone-Smith, Bayer Inc. (Canada), Hagemeyer North America, Klipsch Group, Inc., Lennox International Inc., National Federation of Independent Business, Randstad UK, Steria Limited, Sterling Financial Corporation, the University of San Francisco and YouthBuild USA represent a small sample of the new and existing customers that have chosen Concur solutions to automate their Corporate Expense Management processes.
"We look forward to streamlining our entire travel and expense management process, from travel booking to employee reimbursement," said Gerry Di Tolla, Director, Corporate Enterprise Accounting and Finance, Reporting and SOX for Bayer Inc. "With an automated end-to-end process, Concur will enable our employees to book their travel and file their expense reports in a fraction of the time compared to manual processes -- virtually eliminating paper while increasing policy compliance. I anticipate that Concur's on-demand service will greatly reduce our business travel costs and deliver enhanced visibility, giving us powerful insight into our overall travel spending."
Thousands of companies around the globe now subscribe to Concur's on-demand expense reporting, travel procurement and meeting management services - with many of these clients benefiting from using Concur services in conjunction with one another. Flexible enough to accommodate the needs of organizations of any size, Concur's services drastically accelerate expense reimbursements, streamline the travel booking and meeting planning processes, manage spend and strengthen internal controls while providing organizations with the valuable T&E expense data they need to control costs. Concur's services are delivered over the Web, so they easily scale 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 enterprise software.
"Leading organizations such as Bayer Inc. (Canada), Lennox International Inc., Sterling Financial Corporation and the University of San Francisco have chosen Concur to streamline their travel booking and expense reporting processes, gain greater visibility into T&E spending and help encourage compliance with company policy," said Rajeev Singh, president and chief operating officer for Concur Technologies. "By subscribing to our on-demand services, these organizations join the thousands of others that value Concur's independent approach to corporate travel and expense management. We look forward to helping each of our newly signed customers reduce costs, improve operational performance and enhance employee productivity while driving costs out of their businesses."
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