Business-to-Business eCommerce is Expected to Hit $1.5 Trillion in 2004: Who's Providing the 'eFrastructure' to Get There?REDMOND, Wash.--(BUSINESS WIRE)--Sept. 28, 1999-- -0-
What is eFrastructure?
The essential architecture (software and content) to enable Web-based
commerce. -- Source, Goldman Sachs & Co.
What kind of eFrastructure solutions are available today?
-- Procurement/Purchasing and Commerce Networks
-- Travel and Entertainment Expense Management
-- HR Employee and Managerial Self-service
-0- Who is the leading provider of eFrastructure? Concur Technologies (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CNQR) is already driving business-to-business eCommerce growth by helping companies harness the power of the Internet through workplace eCommerce applications and content to better position themselves to achieve substantial ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). and bottom-line results. Concur is the first company to offer a comprehensive workplace eCommerce automation suite that includes business-to-business procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , travel and entertainment expense Travel and entertainment expense Funds spent on business travel and entertainment that qualify for a tax deduction of 50% of the amount claimed. management, and HR employee and managerial self-service applications A software application that allows a user to obtain information or complete a business transaction on the computer that has traditionally required the help of a human representative. Voice response systems and Web sites are widely used for self-service applications. See kiosk. fully integrated into a single electronic commerce business portal. Today, more than 235 companies worldwide representing over 1.8 million desktops are using at least one of Concur's workplace eCommerce solutions as part of their eFrastructure. Some of Concur's key customers include: AlliedSignal, AT&T, DaimlerChrysler, Dell, Exxon, Pfizer, Transamerica, Time Warner, Revlon and Visio. What sets Concur apart from other eFrastructure providers? "What sets us apart is not only do we recognize the potential across the supply chain, we also see the same potential within the organization -- how employees process transactions across the organization," said Steve Singh, 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. of Concur Technologies. "The same cost-savings and revenue opportunities achieved in the business-to-business environment can also be obtained internally for a synergistic effect Synergistic effect A violation of value-additivity in that the value of a combination is greater than the sum of the individual values. . This not only makes your company Web-ready for eCommerce, but makes it a leaner, more efficient `eCompany' that can capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. new revenue opportunities and cost-savings from all transactions across the enterprise and beyond. We call this `Workplace eCommerce', which translates into greater ROI and a bigger bottom-line." Steve Singh, president and CEO of Concur Technologies 1999 Ernst & Young, Software Entrepreneur of the Year(R), Pacific Northwest Named to the Eastside Business Journal's "Top 40 under 40" Seattle Area Business Leaders What's On What's On (Traditional Chinese: 熒幕八爪娛) is a weekly half-hour TV series that airs on Fairchild Television. Format Originally started in 1996, the show is currently the longest-running program in Fairchild Television history. The Horizon for eCommerce eFrastructure? Stay tuned. On October 6, Concur Technologies will once again change the face of Workplace eCommerce! How Can I Learn More? To learn more about how workplace e-commerce solutions are building the eFrastructure necessary in an eCommerce world or to set up a personal interview with Steve Singh, president and CEO of Concur Technologies, please contact David Gutierrez at 650-827-7054 or via email: gdavid@nrwpr.com. |
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