REDMOND, Wash., March 29, 2005 - Concur Technologies, Inc. (NASDAQ: CNQR), the world's leading provider of business services that automate Corporate Expense Management, today announced that global brands such as Electrolux, InBev USA, PepsiCo in Mexico, Sunterra Corporation and Virgin Mobile have joined the growing list of international companies using Concur's automated expense reporting solutions across the globe. Multinational organizations like these require powerful and flexible expense management solutions which can be easily deployed across several countries at one time, while complying with stringent regulatory, currency and language requirements to enable quick and easy cross-border approvals and reimbursements.
"At Virgin Mobile we are constantly looking to make improvements, not only in the service we give to our customers, but also in the service we provide to staff," says Jake Wright, head of financial control at Virgin Mobile. "Concur® Expense Service will help us to tighten up on internal controls and ensure compliance with our Travel & Subsistence policy, whilst making the whole claiming process easier for our staff."
Concur's automated expense reporting solutions deliver a robust set of features to support the diverse needs of distributed offices around the globe. Rules and policies can be configured on a region-by-region basis, incorporating complicated local tax and per diem regulations, currencies, languages, and regulatory compliance requirements. Concur also helps global companies minimize the administrative costs associated with expense reporting by providing easy access to VAT tax reclamation data, while providing a consolidated view into corporate spend and accountability.
"With offices spread throughout the world, we needed a paperless expense management solution that could be fine tuned with the appropriate set of rules and corporate policies for each region in which our employees conduct business," said Jo-Achim Hamburger, global travel manager at Electrolux. "Concur's expense management automation solution adds value to the bottom line by offering the highest level of flexibility and ease of deployment to help us strategically manage travel spending and achieve world-class results."
By eliminating the cross-border pain of traditional paper-based expense report filing, Concur enables employees to submit their expenses from anywhere in the world using their native language and currency of choice. Using Concur Expense Service, it takes only minutes for a manager in one geographical location to review and approve an expense report of an employee based in another country - all online via a standard Web browser.
"Forward-thinking global companies like Virgin Mobile and Electrolux are dramatically reducing the cost and time of T&E expense reporting, giving them a distinct advantage over companies which rely on inefficient, labor-intensive methods," said Steve Singh, chairman and chief executive officer of Concur Technologies, Inc. "The addition of these flagship deployments to our rapidly expanding customer base highlights the evolution of Concur as a worldwide brand that has become synonymous with automated expense management."
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