Hitachi selects Concur’s market-leading T&E expense management solution
London May 2002– Concur Technologies, Inc (NASDAQ: CNQR), the leading provider Corporate Expense Management solutions, today announced that it has added technology leader Hitachi Europe Ltd. to its rapidly expanding portfolio of blue-chip customers subscribing to the license model of Concur Expense ™.
Hitachi employees will soon benefit from automated travel and entertainment (T&E) expense reporting. Concur Expense will be rolled out to the UK initially, followed later by France, Italy and Germany.
Concur Expense will allow Hitachi users to submit and review their expenses on-line from wherever they are in the world. This will eliminate the paperwork and reduce the cost overheads usually associated with expense reporting and will also speed up reimbursement times.
Paul Moroney, European Business Solutions Manager, Information Technology Group, Hitachi Europe commented: “The fact that Concur Expense is aligned with local European legislation is a key factor for us, as we have a strong presence in Germany in particular. Other features of the licensed model that attracted us were a rapid response speed and the fact that is customisable. We expect to achieve ROI quite quickly.”
Hitachi Europe Ltd., founded in 1982, employs 650 people at 17 strategic locations throughout Europe. In fiscal year 2000, it achieved net sales of more than £1000 million. The Concur solution ties in with company policy of ensuring cost effectiveness and efficiency throughout its financial and IT processes.
Simon Nelson, general manager and vice president of Concur EMEA commented: “EMEA companies are very forward thinking when planning their IT strategies, while they are looking for solutions that bring high return at low cost and low risk. Hitachi Europe Ltd. is adopting a solution which matches the company’s needs, makes expense management less costly and frees up the time and energy of its staff to concentrate on core work.”
About Hitachi Europe Ltd.:
Hitachi Europe Ltd., is a wholly owned subsidiary of Hitachi, Ltd., Japan. Headquartered in Maidenhead, UK, it has operations in 11 countries and employs over 650 people across Europe, the Middle East and Africa. As a 'Best Solutions Partner' Hitachi Europe tailors its services and solutions to meet the specific needs of its customers. Hitachi Europe comprises eleven key business areas: power and industrial systems; information systems; high performance computing; digital media; consumer products; electronic components; automotive; air-conditioning and refrigeration systems; procurement and sourcing; and corporate technology group (research & development) and Hitachi Design Centre Europe.
For more information about Hitachi Europe Ltd., please visit http://www.hitachi-eu.com
About Hitachi Ltd.:
Hitachi, Ltd., headquartered in Tokyo, Japan, is one of the world's leading global electronics companies, with fiscal 2000 (ended March 31, 2001) consolidated sales of 8,417 billion yen (.9 billion*). The company manufactures and markets a wide range of products, including computers, semiconductors, consumer products and power and industrial equipment. For more information on Hitachi, Ltd., please visit Hitachi’s Web site at http://global.hitachi.com
*At an exchange rate of 124 yen to the dollar.
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. 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 license and Application Service Provider (ASP) models. Today, over 1,000 companies, including AT&T, Citigroup, DaimlerChrysler, DuPont, First Union, and Pfizer, have licensed over 2.6 million employees to use Concur’s market-leading solutions. Concur’s strategic alliances include more than 50 world-class organizations such as ADP, American Express, KPMG Consulting, Inc., Microsoft Corporation, and Microsoft Great Plains Business Solutions.
More information is available via the Internet at http://www.concur.com
Concur Technologies Inc.
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