Concur Pioneers New Era of One Touch Business Travel With Launch of Concur Travel & Expense
The power of Smart Expense revolutionizes how companies manage their employee spend
PHOENIX, Arizona, November 13, 2007 - Concur (Nasdaq: CNQR - News), the world's leading provider of on-demand Employee Spend Management services, today announced the availability of Concur® Travel & Expense - the next-generation travel and expense management service - at the 2007 Concur International User Conference. Combining the best of travel booking and expense reporting into one seamless, automated on-demand service, Concur Travel & Expense makes business travel easier and more efficient by removing the pain and time involved with creating an expense report. With Concur Travel & Expense, now the click that books the trip also creates the expense report.
A Concur exclusive, Concur Travel & Expense delivers One Touch Business Travel(TM) by automating the entire process - from the booking of the trip through creation to the completion of the expense report, through to audit and reimbursement. All of this is delivered in one seamless on-demand service, reducing the number of steps, clicks and paper involved with booking travel and creating expense reports. With its easy-to-navigate interface and simplified end-to-end process, employees will save time and expedite reimbursement.
"We've taken One Touch Business Travel from a visionary concept to market reality in just one year. Today we are delivering on the promise we made to our clients during last year's International User Conference, launching Concur Travel & Expense with powerful industry-first innovations that usher in a new way of managing employee spend," said Rajeev Singh, president and COO for Concur. "By leading the market through relentless innovation, we remain deeply committed to help companies worldwide drive costs out of their businesses while delivering a compelling and personalized user experience."
Powering One Touch Business Travel is an exclusive innovation that Concur unveiled earlier this year called Smart Expense(TM) that gathers and matches all components of a business trip and automatically creates the expense report with little or no human intervention. With Smart Expense, everything from travel itinerary details to corporate credit card data to e-receipt data from participating travel suppliers is automatically captured, reconciled and added into the user's expense report, ensuring that expenses are within policy while virtually eliminating the need for any additional data entry.
"We are always looking for ways to help our employees stay productive," said Michael Ciaccio, travel and expense manager for RiskMetrics. "We are excited to finally have one seamless end-to-end travel and expense management process through Concur Travel & Expense, and look forward to the impact on our employees' productivity and ability to focus on our business needs rather than internal processes."
Concur Travel & Expense delivers advanced travel booking capabilities, giving corporate travel managers access to the broadest travel content available while delivering a user experience that ensures adoption, encourages corporate credit card usage and drives travel policy compliance. For the controller or CFO, the new service provides complete visibility into travel and entertainment spend with dynamic data analysis and virtual elimination of the need for auditing through the power of Smart Expense.
"There are many advantages in automating the travel and expense management process, ranging from significant cost savings to increased efficiency submitting and processing reports," said Vishal Patel, senior research analyst at the Aberdeen Group. "Complete end-to-end solutions are gaining more and more traction in the market giving enterprises increased control and visibility into employee spend."
Concur Travel & Expense is now available to Concur customers. For more information, please visit http://www.concur.com.
About Concur
Concur is the world's leading provider of on-demand Employee Spend Management services. Concur enables organizations to globally control costs by automating the processes they use to manage employee spending. Concur's end-to-end solutions seamlessly unite online travel booking with automated expense reporting, streamline meeting management and optimize the process of managing vendor payments, employee check requests and direct reimbursements. Organizations of all sizes trust Concur to help them control spend before it occurs while eliminating paper and optimizing supplier relations. Concur's unified approach to managing employee spend delivers a 360 degree view into all employee expenses, helping companies globally enforce policies and monitor vendor compliance, while delivering unprecedented control and valuable insight. Concur's suite of on-demand services reach millions of employees across thousands of organizations around the world -- streamlining business processes, reducing operating costs, improving internal controls and providing enhanced visibility and actionable expense analysis. More information about Concur is available at http://www.concur.com.
Press Contact:
Stefanie Johansen, Weber Shandwick for Concur, 425.452.5468 SJohansen@WeberShandwick.com