London, October 05, 2004 - Concur Technologies, Inc. (NASDAQ: CNQR), the global leader in expense management solutions, today announced The Solae Company™, the global manufacturer of soya products, has selected Concur Expense Service to streamline its expense management process, gain operational efficiencies and improve compliance with its business policies.
The Solae Company's European headquarters in Switzerland will deploy Concur Expense Service to employees in France, Germany, Italy, Russia and Switzerland. The service will replace the company's existing processes, and is designed to be easy to use and maintain, and provide a wealth of useful expense data including company spending habits. The Company can then use this data to help pinpoint where additional savings can be made such as negotiating better spending rates with key suppliers.
With different countries running different expense management regulations, The Solae Company were keen to standardise these into one cohesive system for the organisation. Norbert Dickel, Six Sigma Black Belt explains: "We had various systems and policies in place, using spreadsheets and in some cases even hard copy reports. Deploying Concur Expense Service will allow us to streamline policies and processes across Europe."
"We will be using the service to considerably reduce the time and money it takes to process our expense claims and to improve compliance to our expense policy. We're also looking forward to using the comprehensive spend reports the service provides to help us negotiate better rates with our travel vendors," adds Norbert.
On their decision to opt for the services model, Norbert comments, "We are not in the business of running heavy-duty IT systems in house and want to focus on core company objectives. So Concur's service offering fit our business model perfectly. It‘s simple and has a no fuss implementation, with minimal effort needed from our staff. Once up and running, we will enjoy the benefits of the solution without the headache of having to manage it internally. What's more Concur is able to offer us a service that could comply with complex local requirements, not just across Europe, but also in countries such as Russia."
Simon Nelson, General Manager, Concur EMEA comments, "We're extremely pleased to welcome The Solae Company to our ever expanding European customer base. Solae's strategy to outsource expenses to allow them to focus on their core business activities made Concur Expense Service the ideal solution for the company. With our services customer base exceeding 1000 companies, Solae are assured that with Concur they have chosen a provider with unrivalled success in delivering expense management services across the globe."
About The Solae Company
The Solae Company, an alliance between two global leaders; Dupont, known worldwide for innovative research and technology and Bunge Limited, the leading oilseed processor in North, South and Central America, was formed in April 2003. The Company is a leading researcher, manufacturer and marketer of high quality soya ingredients, including soya protein isolates and concentrates, textured vegetable proteins, specialty lecithins, and isoflavone concentrates; and serves over 3000 customers by offering more than 1000 different products, including many brands that are widely recognised in the food industry.
All company or product names are trademarks and/or registered trademarks of their respective owners.