REDMOND, Wash. - Concur Technologies, Inc. (NASDAQ: CNQR), the leading provider of Corporate Expense Management solutions, announced today that Summit Strategies, an independent market research firm, has published a new report entitled: "Breaking the Barrier: Concur's Transformation to a Profitable Software-as-Service Provider." Authored by Laurie McCabe, a renowned expert on the software-as-a-service category since its inception in 1998, the report traces how Concur successfully delivers solutions in a software-as-service (SaS) model, and as a result, has built a profitable, annuity based revenue stream. The 18 page report can be purchased in its entirety from Summit Strategies at its website at www.summitstrat.com.
McCabe notes in the report that "today's software-as-services success stories revolve around vendors that went into business specifically to create software-as-services solutions—such as salesforce.com, Employease or RightNow. Concur Technologies, however, is a notable exception to this pattern. Concur, which develops travel and expense management solutions, has broken through the barriers that have prevented so many of its counterparts from capitalizing on the model — becoming the first publicly-traded conventional software company to build a profitable software-as-services business."
McCabe goes on to note that, "Certain types of business functions and applications lend themselves more readily to a hosted, online services model. Applications - such as T&E - that address largely horizontal business processes, are used by many employees in multiple locations, are transaction based, require collaboration and are subject to changing regulations align well with the SaS model."
"Five years ago, we believed that there would be significant demand for an expense management service offering and we made a significant investment in our business to help realize that vision," said Steve Singh, president and CEO of Concur Technologies. "As a result, Concur became the only vendor in our category to provide a full range of delivery options to meet the needs of companies of all sizes worldwide - whether they choose to outsource the process to Concur or manage it on-premise."
Concur is the standard for Corporate Expense Management services for organizations who want to reduce the cost of expense reporting and invoice management, improve business process controls and collect information for better decision-making. Concur Business Services include Concur Expense Service, Concur Imaging Service and Concur Voice Access Service. Concur markets its expense management solutions through direct and indirect channels. Concur's primary reseller partners include ADP, Microsoft Business Solutions, and US Bank, who market co-branded versions Concur Expense Service Pro.
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