AlliedSignal Selects Concur's Employee Desktop to Drive Down Operating Costs and Increase Process Efficiencies.Global Deployment of CompanyStore to Simplify and Streamline Purchasing to 36,000 Employees Concur Technologies (Nasdaq:CNQR), a leading provider of employee facing business applications, announced today that AlliedSignal Inc. (NYSE NYSE See: New York Stock Exchange :ALD ALD abbr. adrenoleukodystrophy ALD, n.pr See adrenoleukodystrophy. ALD aldolase. ) has selected Concur's Employee Desktop(tm), an Intranet employee business portal to employee facing applications, information and services, to reduce operating costs operating costs npl → gastos mpl operacionales and increase business process efficiencies. AlliedSignal will rollout Concur's CompanyStore(tm) to automate its procurement process worldwide. AlliedSignal, an advanced technology and manufacturing company, purchased a license for 36,000 CompanyStore seats for deployment across its 40 international offices. With annual spending on non-production goods topping $2.5 billion, AlliedSignal was challenged to gain control of its purchasing process Purchasing Purchasing is the formal process of buying goods and services. The Purchasing Process can vary from one organization to another but there are some key elements that are common throughout The process usually starts with a 'Demand' or requirements . CompanyStore will enable AlliedSignal to curb costly rogue buying from unapproved un·ap·proved adj. Not approved or sanctioned: an unapproved vaccine; an unapproved protest march. vendors by providing employees with an easy-to-use solution on the corporate Intranet. Streamlining each step of the corporate procurement process, CompanyStore is a full-featured Intranet procurement solution that employs a simple and intuitive browser interface for fully automated purchasing processes across the enterprise. Implementation of CompanyStore brings reduced procurement cycle time, increased negotiating power and improved reporting capabilities, resulting in an overall reduction in corporate procurement costs. With CompanyStore, enterprises are able to establish levels of approval, control products and catalogs viewed by employees, define ordering limits, track order status and streamline workflow. From an employee perspective, CompanyStore can dramatically reduce the time, processes and complexities involved in ordering 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. by automating the process right on the desktop. "Global companies are under enormous pressure to boost their bottom-line and maximize employee value," said Steve Singh, president and chief executive officer of Concur. "Honored as one of the top companies to work for, AlliedSignal is committed to continuing to improve employee satisfaction through employee facing applications. AlliedSignal and Concur share a similar vision of streamlining manual processes that take away from an employee's ability to focus on their job." "AlliedSignal has grown through acquisitions and in the process, has accumulated varying and divergent procurement systems," said John Dording, purchasing manager A Purchasing Manager is an employee within a company, business or other organization who is responsible at some level for buying or approving the acquisition of goods and services needed by the company. at AlliedSignal. "CompanyStore is the solution we need to escape from the inefficiencies of these disparate systems -- to create a lean procurement process that allows our employees to focus on value-added activities instead of filling out purchase orders." Currently, some AlliedSignal employees process purchase requisitions manually. Some examples include faxing blanket orders directly to a vendor or sending paper requests to the purchasing department Noun 1. purchasing department - the division of a business that is responsible for purchases business department - a division of a business firm . In addition, once requisitions are sent into purchasing they sit in buyer queues increasing cycle times. "CompanyStore's electronic routing, cataloging, reporting and payment tracking will enable us to reduce maverick spending and increase our leverage in negotiations with suppliers," added Dording. AlliedSignal also plans to consolidate its current library of 25 catalogs down to a more manageable number using the pooled supplier information that is available through CompanyStore. About AlliedSignal AlliedSignal Inc. is an advanced technology and manufacturing company serving customers worldwide with aerospace and automotive products, chemicals, fibers, plastics and advanced materials Advanced Materials is a leading peer-reviewed materials science journal published every two weeks. Advanced Materials includes Communications, Reviews, and Feature Articles from the cutting edge of materials science, including topics in chemistry, physics, . It is one of the 30 stocks that make up the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. and is also a component of the Standard & Poor's 500 Index. The company employs 70,400 people in some 40 countries. AlliedSignal was named the best diversified company diversified company A company engaged in varied business operations not directly related to one another. A diversified company is less likely to suffer either a collapse or a spectacular gain in earnings compared with a firm concentrating its operations in a by Forbes Global magazine; the most admired aerospace company by Fortune magazine, both globally and in the U.S.; and one of the 100 best companies to work for by Fortune. Additional information on the company is available on the World Wide Web at www.alliedsignal.com. About Concur Concur Technologies was founded in 1993 to automate costly, inefficient business processes that otherwise consume valuable time and resources. Concur develops and supports a suite of Web-based employee facing solutions for automating key business processes across the corporate enterprise. Concur has licensed its products to over 175 enterprise customers. Its flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , Employee Desktop(tm), integrates Concur's suite of employee facing applications through a common user interface, and provides a business portal through which corporate customers and third parties can deliver other information and services to employees. 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)) is the leading enterprise software for travel expense management, automating processes across hundreds of thousands of desktops. 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. More information on Concur Technologies is available via the Internet at www.concur.com. 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 or registered trademarks of their respective owners. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. , 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. |
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