Concur Technologies introduces Concur Imaging Service; Receipt and invoice imaging delivers maximum ROI across the entire corporate expense management process.

M2 PRESSWIRE-6 June 2002-Concur Technologies: Concur Technologies introduces Concur Imaging Service; Receipt and invoice imaging delivers maximum ROI across the entire corporate expense management process (C)1994-2002 M2 COMMUNICATIONS LTD

RDATE:06062002

London -- Concur Technologies, Inc. (NASDAQ: CNQR), the leading provider of Corporate Expense Management solutions, today announced that it has introduced the first hosted service that fully integrates receipt and invoice imaging with Corporate Expense Management solutions. The Concur Imaging Service enables companies to significantly reduce the costs of handling paper receipts and invoices. The new service is hosted and managed by Concur. A secure environment is provided to customers over the Internet for the capture, storage, archiving, and retrieval of images through the use of Concur Expense and Concur Payment software.

With the Concur Imaging Service, employees simply fax receipts and invoices to their designated Concur Imaging Service telephone number. Employees, managers and accounting staff then instantly view receipts and invoices directly through the use of Concur Expense and Concur Payment. Electronic images reduce the total cost associated with expense report and invoice processing. For example, there is no postage, no need to store paper receipts in a central location, and no need to physically handle the enormous number of paper receipts associated with expense reporting.

Receipts and supporting documentation are available online throughout the entire expense approval process. Furthermore, imaging technology is an approved alternative to paper under IRS guidelines and regulations.

"Aberdeen research shows the use of Internet-based technologies can dramatically reduce the time and costs of processing expense reports and business purchases, but too often companies are still mired down trying to track associated paperwork, which becomes a bottleneck," said Christa Degnan, senior analyst with the Aberdeen Group. "The ability to provide the tools to capture, distribute, and manage images of receipts and invoices brings these solutions closer to total automation and is a point of differentiation among vendors."

"According to our estimates, a customer that generates 120,000 expense reports per year will save approximately $3 per expense report processed through our imaging service, representing a per annum savings of $360,000," said Michael Hilton, chief technology officer for Concur. "Receipt and invoice imaging complements our innovative approach to helping organizations streamline ...