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News >> Technology >>
Bank of Bermuda selects Concur solutions
By siliconindia
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Wednesday, 19 March 2003, 20:30 IST
REDMOND: Steve Singh led Concur Technologies, Inc. (Nasdaq: CNQR), on Tuesday announced that Bank of Bermuda has selected Concur Expense software and Concur Payment software to manage its processes for travel and entertainment (T&E) expense reimbursement and employee driven requests for vendor payments.
Concur's Corporate Expense Management solutions streamline business processes, reducing costs and increasing operational efficiencies while empowering financial managers to apply greater intelligence to their company's spending patterns.
"We selected Concur because it was able to provide an innovative solution that handles our employee-based transactions. The selection of Concur Expense and Concur Payment allows us to achieve our business objectives of improving operational efficiencies and reducing costs to fully maximize our ROI," said David Carrick, Head of Financial Reporting for Bank of Bermuda.
"Additionally, Concur was the only company with the proven track record of rapid deployment to global organizations of our size. We deployed both Concur Expense and Concur Payment globally and now have a single process for managing expenses and requests for vendor payments that already has had a positive impact to our bottom-line."
"Concur Payment, coupled with Concur Expense, offers a total solution for Corporate Expense Management. Our ability to offer a total solution combined with our unmatched experience in rapidly deploying large corporations with as many as 200,000 users, makes Concur the proven, low risk choice for maximizing return on investment for Bank of Bermuda," said Steve Singh, chairman and chief executive officer for Concur Technologies, Inc. "Bank of Bermuda's decision to embrace the total solution for Corporate Expense Management through Concur Expense and Concur Payment demonstrates its commitment to maximizing ROI."
Concur Expense is the world's leading T&E expense management solution that serves companies of all sizes. Through process automation, Concur Expense provides access to unprecedented levels of T&E analytics for spend management while improving corporate policy compliance, reimbursement speed, and expense report accuracy.
Concur Payment is the first employee request for vendor payment management solution enabling businesses to streamline payment requests for items such as legal services, subscriptions, or conference fees, facilitating flexible approval processing and automatic accounts payable system integration.