REDMOND, Wash., April 25, 2007 - 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 second quarter of fiscal 2007. Fortent Ltd., Illinois Tool Works, IMPAC Medical Systems, Inc., Input/Output, Inc., La Quinta, Land O'Lakes, MAG Capital, Maritz Travel Company, Novellus Systems Inc., SirsiDynix, The University of Colorado and USA Hockey represent a small sample of the new and existing customers that have chosen Concur solutions to automate their Corporate Expense Management processes.
"The University of Colorado has chosen Concur Expense Service as part of its on-going efforts to improve its accountability for compliance with fiscal rules and transparency about how its resources are used," said Mary Catherine Gaisbauer, University Controller. "We believe Concur's service will efficiently and effectively allow us to improve our results toward this goal by enabling our departments to create and document expense transactions online while also facilitating assistance in understanding and carrying out the University's fiscal rules."
Thousands of 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.
"Marquee organizations such as Illinois Tool Works, La Quinta, SirsiDynix, The University of Colorado and USA Hockey - along with thousands of other companies of all sizes - are choosing Concur to help them manage and control their employee spend," said Rajeev Singh, president and chief operating officer for Concur Technologies. "Our powerful suite of on-demand services is unique in that it enables organizations to manage the entire process - from procurement to payment - without costly and time-consuming integration or coordination among disparate suppliers. Our clients also gain enhanced visibility into employee spend and increased compliance with their company policies while driving costs out of their businesses."
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.
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