AT&T Calls on Concur for Web-Based Travel Expense Management; Proven Large-Scale Deployment Success Leads Telecommunications Giant to Choose Concur's Xpense Management Solution.REDMOND, Wash.--(BUSINESS WIRE)--March 8, 1999--Concur Technologies (Nasdaq:CNQR), the leading provider of employee facing business applications, today announced that AT&T, the world's premier voice and 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. company, has selected 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. (TM)) to automate the management of travel and entertainment expenses Travel and entertainment expense Funds spent on business travel and entertainment that qualify for a tax deduction of 50% of the amount claimed. . AT&T expects the intranet-based XMS to speed up the reporting and processing of its travel expenses -- as well as corporate procurement card expenses -- generating significant time savings for the 60,000 AT&T employees who will be using the system. "As we were exploring our options in automated expense reporting, our top priority was finding an easy-to-use, Web-based solution with proven success in large corporations," said Lisa Bowling, group procurement manager for AT&T's travel and event services. "We were also looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a system that could handle both T&E and procurement card expenses. Based on Concur's ability to meet that need and their impressive customer list, which included several large, blue-chip corporations, we felt that XMS could successfully and seamlessly accommodate the large volume of expense reports generated by the AT&T employees using our current, in-house system." AT&T joins dozens of Global 500 companies across a wide variety of industries that have recognized cost savings and process efficiencies with XMS. American Airlines American Airlines Major U.S. airline. American was created through a merger of several smaller U.S. airlines and incorporated in 1934. It continued to buy the routes of other airlines, becoming an international carrier in the 1970s; its routes include South America, the , DuPont, Harvard University Harvard University, mainly at Cambridge, Mass., including Harvard College, the oldest American college. Harvard College Harvard College, originally for men, was founded in 1636 with a grant from the General Court of the Massachusetts Bay Colony. , J.C. Penney, Lucent Technologies, Northrop Grumman Northrop Grumman Corporation (NYSE: NOC) is an aerospace and defense conglomerate that is the result of the 1994 purchase of Grumman by Northrop. The company is the third largest defense contractor for the U.S. , Rhone-Poulenc Rorer, Seagram, Texaco, and Texas Instruments See TI. (company) Texas Instruments - (TI) A US electronics company. A TI engineer, Jack Kilby invented the integrated circuit in 1958. Three TI employees left the company in 1982 to start Compaq. aoyees and for the accounting department, therebith XMS, AT&T will leverage its intranet to make a smooth transition from its current system to Concur's expense management solution -- with little to no training required for employees to begin submitting and approvirecently announced systems integration partner,pense reports is easier and travelers are reimbursed faster. Accounting is more productive because expense ret AT&T AT&T Corp. is the world's premier vble time and resources. Concur develops and supee business portal that integrates Concur's suiare for travel expense management, automating processes across hundreds of thousands of desktops in more than 165 companies worldwide. CompanyStore(TM), Concur's enterprise software for automating procurement, reduces the time and resources required to research and order supplies, equipment, and other non-production office 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. . 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. . Employee Desktop(TM), Xpense Management Solution(TM), XMS(TM), and CompanyStore(TM) are trademarks of Concur Technologies. All other company or product names are trademarks and/or registered trademarks of their respective owners. This press release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from current expectations. Statements made in this release that relate to future plans, events or performances or statements containing words such as "believes," "anticipates," "plans," or "expects" are forward-looking statements. These statements are based on current expectations and involve risks and uncertainties. Factors that could cause or contribute to actual results differing from current expectations include, but are not limited to, the company's limited operating history, which makes the prediction of future operating results difficult, risks associated with international operations, difficulties associated with strategic relationships, and uncertainty of market acceptance of the Company's products. Please refer to the Company's public filings made with the Securities and Exchange Commission (http://www.sec.gov) for additional and more detailed information on risk factors that could cause actual results to differ materially from our current expectations. Concur assumes no obligation to update the forward-looking information contained in this press release. For sales or marketing information: Concur Technologies, 6222 185th Avenue NE, Redmond, WA 98052 phone: 425/702-8808, fax: 425/708-8828, URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : www.concur.com |
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