Comprehensive, detailed electronic folio data automatically flows directly into expense reports
Redmond, Wash., August 18, 2009 – Concur (NASDAQ: CNQR), the world’s leading provider of on-demand Employee Spend Management services, today announced that Concur® Travel & Expense clients can now enjoy the convenience, security and accuracy of detailed Starwood hotel folio data delivered directly into the employee’s expense report.
By automatically attaching and displaying full electronic receipt data directly within the expense report, Starwood Hotels & Resorts Worldwide, Inc. provides Concur clients with several additional benefits, including:
-- The elimination of paper hotel receipts making expense reporting easier, which increases traveler satisfaction and helps drive compliance with corporate travel program policies.
-- Increased visibility into corporate travel spend for auditing and analysis, including full expense details and line level e-folio data available to managers, travelers and agents serving Concur clients.
-- Full participation from Starwood properties in the United States – which are highlighted during the online booking process – including: St. Regis®, The Luxury Collection®, Sheraton®, Westin®, Four Points® by Sheraton, W®, Le Méridien®, AloftSM and ElementSM.
Concur e-receipts – exclusively available to Concur clients – are complete electronic versions of the paper folio receipts traditionally delivered to hotel guests upon check-out. Concur Travel & Expense automatically captures this data – along with itinerary data entered at the time of booking and corporate card charges incurred by the employee – and reconciles it all within one seamless process. The resulting Smart Expense™ is a trusted transaction that employees don’t need to edit or companies don’t need to audit.
“In today’s economy, business travelers are looking for ways to make their time on the road more productive, and companies are searching for innovations that help their employees make the most of every travel dollar spent,” said Rajeev Singh, president and COO of Concur. ”Together, with leading travel providers like Starwood, we’re able to provide business travelers with the innovative services they need to make their lives easier and help our clients better manage spend.”
“With cost containment and productivity at the top of the corporate agenda, it is no surprise that travel managers are increasingly interested in both suppliers and technology solutions that offer enhanced visibility and control over employee spend.” said Andrew Bartolini, Vice President for Aberdeen Group. “Aberdeen research has consistently shown that solutions that ease the pain of business travel for employees can drive process efficiency gains while promoting greater user adoption and higher end-user satisfaction.”
Through Concur® Connect – the global program that connects suppliers from around the world and provides clients exclusive access to services otherwise unavailable though traditional travel programs – Starwood joins a growing list of travel suppliers that not only feed complete electronic folio data in the form of e-receipts directly into Concur Travel & Expense, but also provide Concur clients with broad access to travel inventory.