REDMOND, Wash., July 25, 2007 - Concur (Nasdaq: CNQR), the world's leading provider of on-demand business services that automate Employee Spend Management, today announced key contracts awarded in the third quarter of fiscal 2007 that helped push the company's customer base over the 5000 client plateau. Agility, Akebono Brake Corporation, Appleton Papers, Chefs Warehouse, Crowley Maritime Corporation, Dollar Tree Stores Inc., Ensemble Chimes Global, Fannie Mae, Garrison Investment Group, Hancock Holding Company, Hawker Beechcraft Corporation, Inalfa Roof Systems, Independent Bank Corporation, Levi Strauss, Mandate Pictures, Psilos Group Managers, The Kor Group, The Linc Group, USA Mobility Wireless, Inc. and Woodforest Financial Group, Inc. represent a small sample of the new and existing customers that have chosen Concur solutions to automate their Employee Spend Management.
"Using Concur's technology, Hancock Holding's travel and entertainment expense processing will become automated allowing the company to apply rules to expense reports and eliminate out of policy reimbursements," Shane Loper, Chief Operations Officer of Hancock Holding Company. "Over 800 expense report transactions will be taken off of our accounting department as the payments will now be processed automatically, enabling our accounts payable department to focus on more proactive vendor management leading to increased efficiency and reduced costs."
"We are very impressed with the promise of ease of use and seamless integration with our back-office and payroll systems," said Bruce M. Bernhoft, Woodforest Financial Group's Strategic Sourcing Manager. "We look forward to implementation and experiencing these benefits first-hand."
Over 5,000 companies around the globe now subscribe to Concur's on-demand travel procurement, expense reporting, meeting management and vendor payment 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 end-to-end travel and expense management services streamline the travel booking, meeting planning and expense reporting processes, drastically accelerating expense reimbursements and helping to manage spend before it occurs. Concur's vendor payment solution enables organizations to automate and streamline the tedious process of accurately collecting, tracking and paying vendor invoices and employee check requests.
Every Concur service increases compliance and strengthens internal controls while providing organizations with the valuable data they need to control costs and manage employee spend. Concur's services are all 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.
"Concur is the unquestioned leader in employee spend management - leadership that continues to be validated each quarter by leading organizations around the globe," said Rajeev Singh, president and chief operating officer for Concur. "Over 5,000 companies of all sizes now place their trust in Concur to deliver market-leading innovation, world-class service and unrivaled expertise. Concur continues to earn that trust - each and every day - by delivering the technology and innovation companies need to help them drive costs out of their businesses."
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