ADP and Concur Technologies Form Strategic Partnership.ROSELAND, N.J./REDMOND, Wash.--(BUSINESS WIRE)--Dec. 2, 1998-- ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. to Recommend Concur's Leading Expense Management Solution to Help ADP Clients and Prospects Reduce Costs and Boost Employee Productivity Automatic Data Processing Same as data processing. , Inc. (ADP(R)), the world's leading provider of integrated payroll services, benefits administration, and human resource systems, today announced a marketing partnership with Concur Technologies. ADP will recommend Concur's Xpense Management Solution(tm) (XMS (1) See cross memory services. (2) (eXtended Memory Specification) A programming interface that allowed DOS programs to use memory above 1MB in 286s and up. ) to ADP clients and prospects looking to reduce travel and entertainment (T&E) expense management processing and operational costs and improve employee productivity. Formerly Portable Software Corporation, Concur Technologies is a leading provider of employee facing business applications that automate key administrative tasks across the enterprise, including expense reporting and the purchasing of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. . As part of the agreement, ADP will refer its clients and prospects interested in T&E expense management to Concur while continuing to support their payroll, HR and benefits administration needs. Separately, ADP's Employer Services North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. President, Russell P. Fradin Russell P. Fradin is an American businessman. As of August 10, 2006, Fradin was named as Chairman and CEO of Hewitt Associates. This posting will be effective September 5, 2006. , will be nominated to serve on Concur's Board of Directors. "We recognize the importance of electronic expense-related services, and to support our clients' growing needs, we've decided to align ourselves with the market leader -- Concur Technologies," said ADP's Russell P. Fradin. "In Concur, we have found a strategic partner that can deliver best-of-breed services to our clients who are looking to streamline their T&E administrative process." "With access to ADP's client base and sales channels, Concur can advance its established market leadership position," said Steve Singh, Concur's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "ADP's premier sales force will help us bring XMS to prospective clients in every industry, nationwide." About XMS(tm) Concur's XMS is the proven enterprise travel expense business application that dramatically reduces travel and entertainment costs by automating the entire travel expense management process. XMS is the first global travel expense automation software that can run via a corporate intranet, Microsoft Windows See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. (tm), or both. With XMS, preparing expense reports is easier and travelers are reimbursed faster. Accounting is more productive because expense reports are delivered online and automatically link to financial systems, eliminating the need to re-key data. Corporate travel policies are imbedded into XMS to provide management and accounting with tools to quickly identify non-compliant expenses. With robust expense data easily accessible, management can analyze travel spending and negotiate better vendor rates. About Concur Technologies Concur Technologies was founded in 1993 to automate costly, inefficient business processes that otherwise deplete de·plete v. 1. To use up something, such as a nutrient. 2. To empty something out, as the body of electrolytes. corporate resources and undermine employee productivity. Concur was the first software company to offer an enterprise software product for managing travel expense processes within an open technology framework. Concur now develops and supports a suite of Web-based employee facing solutions for automating key administrative tasks across the corporate enterprise. Concur's new product, Employee Desktop(tm), will serve as the access portal and activity manager for all employee facing applications, including Concur's Xpense Management Solution (XMS) and CompanyStore(tm) applications. XMS is the world's most widely used enterprise software for travel expense management, automating processes across hundreds of thousands of desktops in more than 160 companies worldwide. CompanyStore, Concur's procurement solution for both employees and purchasing staff, reduces the time and resources required to research and order supplies, equipment and other non-production office goods. Formerly Portable Software Corporation, Concur is based in Redmond, Washington Redmond is a city in King County, Washington, USA. It is situated on the eastern edge of the Seattle urban area, in what is known as the Eastside. In 2003 the Census Bureau estimated the city population was 46,391. . About ADP ADP is one of the largest independent computing service firms in the world, with more than $4.5 billion in annual revenues and more than 425,000 clients. ADP provides computerized transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. , data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. , software, and information services See Information Systems. in virtually every industry. ADP Employer Services is the world's largest provider of payroll services and human resource administration systems. It offers a comprehensive range of benefits administration, payroll, payroll and business tax deposits and reporting, time and attendance, 401 (k) recordkeeping and unemployment compensation management services. In addition, ADP provides securities transaction processing and investor communications services to the brokerage and financial communities; industry-specific computing and consulting services to auto and truck dealers; and computerized, automated auto-repair estimating and auto parts availability services to the auto-repair industry. Employee Desktop, Xpense Management Solution, XMS, and CompanyStore are trademarks of Concur Technologies. All other company or product names are trademarks and/or registered trademarks of their respective owners. |
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