Concur Technologies (NASDAQ: CNQR), the leading provider of workplace eCommerce solutions, announced today that Transamerica Corp. has selected EmployeeDesktop?, Concur’s employee business portal which integrates Concur’s suite of workplace eCommerce solutions, for more than 8,000 employees. Transamerica, a leading San Francisco-based financial services company and wholly owned subsidiary of AEGON N.V. (NYSE: AEG), will use Concur’s EmployeeDesktop via its corporate Intranet to automate its paper-based travel and entertainment expense reporting process for reduced costs and increased employee productivity.
“We saw a great opportunity to streamline the entire travel and entertainment expense management process,” explained Judith Goodman, director of technology services, Transamerica. “Concur’s solution allows us to bring our expense management process to the Web for increased cost savings and improved process efficiencies across our organization. Concur has a proven solution which made this decision a low risk for Transamerica.”
“Transamerica is an excellent example of a forward-thinking company that has recognized the potential of Web technologies to advance the achievement of its business goals,” said Steve Singh, president and chief executive officer of Concur. “With our workplace eCommerce solutions, companies are rewarded with dramatic bottom-line improvements and benefits that extend across the entire organization. Transamerica joins the hundreds of companies that have selected our solutions to date.”
With EmployeeDesktop, Transamerica can leverage its existing Intranet platform by eliminating the need to install the product on every desktop, reducing time spent by the IT department on internal maintenance and product upgrades. The solution also provides automatic notification of non-compliant entries, and enables Transamerica to utilize expense data to negotiate preferred pricing with vendors.
Additionally, travelers will prepare expense reports via the Web faster and more accurately, aided by the direct population of expense data from their American Express (NYSE: AXP) corporate charge cards into their expense reports.
Concur’s EmployeeDesktop dramatically reduces travel and entertainment costs by automating the entire travel expense management process, from expense report preparation, approval, and processing, to data analysis. Employees save time and are reimbursed more rapidly, and an organization gains efficiency, monitoring tools, and negotiating power to further impact the bottom-line.
About Concur Technologies
Concur Technologies, Inc.? is the leading provider of workplace eCommerce solutions that automate costly and inefficient business processes among employees, partners, suppliers, and service providers. Its flagship product, EmployeeDesktop?, integrates Concur’s suite of workplace eCommerce solutions, including business to business procurement, human resource self-service, and travel and entertainment expense management, through a common user interface, and provides a business portal through which employees can access critical information and services. Concur has licensed its solutions to more than 1.8 million desktops in over 235 companies worldwide, representing more licensed desktops than its leading competitors combined. Concur’s solutions reduce operating costs, increase employee productivity, and improve supplier management in small and medium sized businesses and Global 2000 enterprises. Its customers include AlliedSignal, AT&T, DaimlerChrysler, Exxon, and Pfizer. Concur’s Global Alliance Network—comprised of over 50 world-class organizations including ADP, American Express, and Microsoft—further enhances its ability to provide best-of-breed solutions for maximum results. Headquartered in Redmond, Wash., Concur has offices throughout North America, Europe, and the Asia-Pacific rim. Additional information on Concur is available via the Internet at www.concur.com.