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13.12.2000 – 09:01

Concur Technologies, Inc.

Concur's Alliance With Optima Finance Adds Five New Customers in Spain
Partnership With Optima Finance Expands International Distribution of Concur's
Market-Leading T&E Expense Management Solution in Spain

    London (ots-PRNewswire) - Concur Technologies, Inc. (Nasdaq: CNQR), the leading provider of Corporate Expense Management solutions, today announced that its alliance with Optima Finance, a leading provider of specialised financial management and accounting solutions to companies in Spain, has added five new customers, including BT Telecommunicaciones, Bodegas y Bebidas, Nutrexpa, Puleva, and Perfumeria Gal. These new customers represent leading companies across a broad range of industries, from telecommunications and food and beverage to consumer non-durables. To streamline and automate their travel and entertainment (T&E) expense management process enterprise-wide, these companies will use Concur's worldwide leading T&E expense management solution, Concur Expense(TM). With comprehensive international functionality and proven global deployments, Concur Expense reduces operational costs, increases business efficiencies, and maximises a company's limited resources and bottom line.

    "Optima Finance is a well known company in the financial departments of medium and large companies in Spain. We have based our strategy on offering specialised high value-added solutions in areas where ERP systems are not efficient enough, such as T&E expense management," said Marc Cebrian, chief executive officer for Optima Finance. "In this way, Concur's products are key to Optima Finance's strategy, and will permit companies to reach the highest efficiency in their management processes and, consequently, a significant reduction in costs."

    "After thorough studies, we decided to distribute the Concur Expense solution, not only because we thought is was the most efficient and complete solution on the market, but also because Concur is the clear leader in this field," said Pablo Almirall, division director for Optima Finance. "To date, the obtained results confirm for us that our decision was correct, taking into account that at present some of the most prestigious companies of Spain are customers of ours."

    "Concur's worldwide leadership in Corporate Expense Management solutions is a result of our focus on solving the operational challenges facing CFOs with low risk, high reward solutions. Through our years of successfully delivering proven return on investment for our global customers, Concur has acquired unmatched experience in understanding the unique needs of international companies," said Ken Cooper, managing director for Concur EMEA. "The Concur/Optima Finance relationship has been enthusiastically received by CFOs representing large and middle market companies. We anticipate that through the strong distribution partner we have in Optima Finance, we will continue to efficiently increase market share in Spain."

    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 -- to increase traveler and back-office productivity while uncovering critical travel spending trends.

    With Concur Expense, preparing expense reports is easier and travelers are reimbursed faster. Managers are instantly notified of expense reports requiring approval. Accounting is more productive because expense reports are delivered online and automatically link to financial and payroll systems, eliminating the need to re-key data. Corporate travel policies are embedded into Concur Expense to provide management and accounting with tools to quickly identify non-compliant expenses. With robust expense data easily accessible, management can analyse travel spending and negotiate better vendor rates.

    About Concur Technologies, Inc.

    Concur Technologies, Inc.(TM) 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, time tracking and reporting, and human resources self-service, and can be delivered through licensed and Application Service Provider (ASP) models. Today, more than 600 companies, representing over three million employees, including AT&T, Daimler-Chrysler, DuPont, First Union, and Pfizer, have selected Concur's market leading solutions to enhance their bottom line. Delivering on its commitment to excellence and meeting the needs of its customers across the globe, Concur leverages its strategic alliances with more than 50 world-class organizations such as ADP, American Express, Exodus, KPMG, Microsoft, Nortel Networks, and SAFECO, and has successfully deployed its solution to more than 1.5 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.

    NOTE: All company or product names are trademarks and/or registered trademarks of their respective owners.

    CONTACT: media, David Gutierrez of Niehaus Ryan Wong, 650-827-7054, or gdavid@nrwpr.com, for Concur Technologies, Inc.; or Caroline Scott, 01494-582025, or carolines@concur.com, or investors, Steve Yount, 425-497-6340, or stevey@concur.com, both of Concur Technologies, Inc.

ots Original Text Service: Concur Technologies, Inc. Internet: http://recherche.newsaktuell.de

Contact: media, David Gutierrez of Niehaus Ryan Wong, 650-827-7054, or gdavid@nrwpr.com, for Concur Technologies, Inc.; or Caroline Scott, 01494-582025, or carolines@concur.com, or investors, Steve Yount, 425-497-6340, or stevey@concur.com, both of Concur Technologies, Inc.

Web site: http://www.concur.com

Original-Content von: Concur Technologies, Inc., übermittelt durch news aktuell

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