Concur's Next Generation Analytics Capabilities Unlock Over $1 Billion In Out-of-Policy...

Concur's Next Generation Analytics Capabilities Unlock Over $1 Billion In
Out-of-Policy Corporate Travel Spend
One seamless service delivers unprecedented access to the richest set of
reconciled data available, enabling clients - for the first time - to compare
booked travel to actual spend

REDMOND, Wash., July 22 /PRNewswire-FirstCall/ -- Concur (Nasdaq: CNQR)
the world's leading provider of on-demand business services that automate
Employee Spend Management, today announced that the next generation of travel
and expense analytics and reporting capabilities will make its debut at the
National Business Travel Association (NBTA) International Convention &
Exposition in Los Angeles, CA on July 28. In an industry first, visitors to
Concur's NBTA Convention booth (#739) can experience the first ever travel and
expense management solution that automatically reconciles line-item level
booked travel data with actual spend -- all from one seamless service
accessing one source of data -- exclusively from Concur.
Every travel manager knows there is significant spend occurring outside of
their travel programs. The challenge has been gaining access to all of the
data to understand where and how this spend occurs. For instance, the Aberdeen
Group estimates that hotel costs are about 20% of a typical company's T&E
spend. A recent USA Today study found that almost 12% of those hotels stays
were "overcharged $11.35 per night". Similar issues plague car rentals, with
items like insurance and re-fueling adding unnecessary and out-of-policy costs
to many transactions. And of course -- with travel agency and corporate card
program compliance averaging about 60% -- corporations have long struggled to
control the leakage that siphons even more corporate travel spend away from
negotiated contracts.
Now, with Concur's next-generation analytics capabilities leveraging the
combined travel booking and expense reporting data exclusively available from
Concur(R) Travel & Expense to automatically reconcile line-item level booked
travel data with actual spend, travel managers finally have complete
visibility into all aspects of their corporate travel spend. With Concur
processing over $35 billion a year -- ten percent of the estimated $300
billion in global T&E spend -- these opportunities represent more than $1
billion of hard cost savings opportunities for the company's existing client
base.
"It's been referred to as 'the holy grail of the business travel industry'
- reconciling the vast amount of corporate travel spend data generated
throughout the business travel life-cycle," said Rajeev Singh, president and
COO of Concur. "To date, efforts to reconcile all this data have been costly
and ineffective. Traditional agency and card analytics tools have struggled
because they only capture a part of the spend. Only by incorporating the
expense reporting process can a company capture 100% of the information that
clients need to truly compare what was booked with what was actually
purchased. With Concur Travel & Expense now delivering unprecedented analytics
capabilities with just a few clicks, billions of dollars in out-of-policy
corporate travel spend are just waiting to be uncovered, giving our clients
the opportunity to drive even more costs out of their businesses."
Powered by Cognos reporting technology, this unprecedented set of
analytics capabilities enables Concur clients to easily and intuitively access
and report on the broadest and deepest set of T&E data available. Unlike other
T&E reporting solutions that can only provide access to silos of information
from disparate sources, Concur enables clients to report on, compare and
analyze booked itineraries, corporate card spend, supplier e-receipts, cash
expenses and supplier contracted. All aspects of employee initiated T&E spend
are captured and automatically reconciled by Concur and made available for
detailed analysis on-demand, without any messy integration of disparate
systems or outside sources of data.
About Concur
Concur is the world's leading provider of on-demand Employee Spend
Management services. Concur enables organizations to globally control costs by
automating the processes they use to manage employee spending. Concur's
end-to-end solutions seamlessly unite online travel booking with automated
expense reporting, streamline meeting management and optimize the process of
managing vendor payments, employee check requests and direct reimbursements.
Organizations of all sizes trust Concur to help them control spend before it
occurs while eliminating paper and optimizing supplier relations. Concur's
unified approach to managing employee spend delivers a 360° view into all
employee expenses, helping companies globally enforce policies and monitor
vendor compliance, while delivering unprecedented control and valuable
insight. Concur's suite of on-demand services reach millions of employees
across thousands of organizations around the world -- streamlining business
processes, reducing operating costs, improving internal controls and providing
enhanced visibility and actionable expense analysis. More information about
Concur is available at http://www.concur.com.
SOURCE Concur

Stefanie Johansen of Weber Shandwick, +1-425-452-5468,
sjohansen@webershandwick.com, for Concur