Leading Global Internet Services Company To Increase
Operational Cost-Savings And Efficiencies Around The World
London, April 3, 2001 Concur Technologies, Inc. (NASDAQ: CNQR), the leading provider of Corporate Expense Management solutions, today announced that Cable & Wireless (LSE: CW) (NYSE: CWP), a leading global Internet services company, has selected Concur Expense to provide company-wide automation of its travel and entertainment (T&E) expense management process for its 14,500 users. Concur Expense, the world’s leading Web-based T&E expense management solution, allows companies to focus on their core competencies and provides rapid return on investment. Concur’s low risk, high reward Corporate Expense Management solutions reduce operational costs and increase business efficiencies, maximising a business’ limited resources and bottom line results.
Cable and Wireless joins other leading telecommunications organisations, including AT&T, Lucent Technologies, SBC Communications, Inc., and Sprint, who have chosen Concur Expense to better compete in the global economy. Some of Concur’s largest deployments have occurred in these companies, including SBC at 200,000 deployed employees, Lucent Technologies at 160,000, Sprint at 100,000, and AT&T at 80,000 deployed employees.
“As an internationally-based global services company, we have unique laws and regulations that differ from US-based companies. We chose Concur because of their proven ability to deploy their applications in large international companies and because Concur Expense includes the international features needed to manage our T&E requirements globally,” said Tony Scott, vice president, transaction processing for Cable & Wireless. “Increasing control and efficiencies in our T&E expense management process will reduce costs and increase employee productivity, delivering results to our bottom line.”
“Concur has unmatched expertise in deploying Corporate Expense Management solutions in internationally-based companies with complex needs. Our proven technology innovation and deployment model will enable Cable & Wireless to achieve a rapid return on its investment,” said Steve Singh, chairman, president, and chief executive officer for Concur. “Cable & Wireless’ selection of Concur Expense will yield significant time and cost benefits that can be used to direct limited resources to conducting their core business.”
Prior to selecting Concur Expense, Cable & Wireless used a number of paper-based expense reporting systems. This system required employees to manually prepare, approve, and process expense reports, resulting in inaccurate expense reports, long reimbursement times, manual re-keying of data into financial systems, and inadequate information for travel spending analysis.
Concur Expense automates each step of the T&E expense management process – from expense report preparation and approval to policy compliance, data analysis, and reimbursement. With Concur Expense, companies gain new control over their T&E expense management process. Travellers prepare expense reports faster and more accurately, aided by the direct prepopulation of expense data from their corporate charge cards. Expense reports are automatically routed to managers, who can more efficiently approve expense reports on-line and receive immediate notification of non-compliant entries. Accounting is more productive because expense reports are delivered on-line and automatically link to financial and payroll systems, eliminating the need to re-key expense data. Easily accessible expense data allows the company to analyse spending trends and negotiate better supplier rates for additional savings.
About Cable & Wireless
Cable & Wireless is a major global telecommunications business with revenue of over £9 billion (US$14 billion) in the year to 31 March 2000 and customers in 70 countries. Its operations around the world offer a full range of telecommunications services. Cable & Wireless’ focus for future growth is on IP (internet protocol) and data services and solutions for business customers. It is developing advanced IP networks and value-added services in the US, Europe and the Asia-Pacific region in support of this strategy. With the capability of its global IP infrastructure and its strength in key markets, Cable & Wireless holds a unique position in terms of global coverage and services to business customers. For more information about Cable & Wireless, go to www.cw.com.
About Concur Technologies, Inc.
Concur Technologies, Inc.™ (NASDAQ: CNQR) is the leading provider of Corporate Expense Management solutions that automate costly and inefficient business processes, allowing companies to better leverage their most limited resources: time, money, knowledge, and energy. Meeting the needs of businesses of all sizes, Concur’s solutions include travel and entertainment expense management, employee requests for vendor payments, and time tracking and reporting, and can be delivered through licensed and Application Service Provider (ASP) models. Today, over 625 companies, including AT&T, Citigroup, Daimler-Chrysler, DuPont, First Union, and Pfizer, have licensed over 2.5 million employees to use Concur’s market-leading solutions to reduce costs, and increase productivity and access to data about internal business processes. Delivering on its commitment to excellence and meeting the needs of its customers across the globe, Concur leverages its strategic alliances with more than 5!
0 world-class organisations such as ADP, American Express, Exodus, Great Plains, KPMG, and Microsoft, and has successfully deployed its solution to more than 1.2 million employees worldwide. Concur also continues to expand its international market leadership with more than 50 companies deployed outside North America. More information is available via the Internet at www.concur.com.
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Caroline Scott, Concur Technologies, Inc., +44 (0) 1494 582025 email@example.com
Alastair Turner, SPARX Communications, +44(0)1753 893000 firstname.lastname@example.org
John Adair, Concur Technologies, Inc., 425-497-6439, email@example.com
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