Concur Technologies, Inc., the market leader of Corporate Expense Management solutions, announced that Pfizer, Inc., a leading research-based, global pharmaceutical company, has expanded its license of Concur Expense to include more than 85,000 worldwide employees. The expanded license builds on the successful rollout of Concur Expense to Pfizer’s U.S.-based employees. Concur Expense, the world’s leading Web-based T&E expense management solution, allows companies to focus on their core competencies and provides rapid return on investment. Concur’s low risk, high reward Corporate Expense Management solutions reduce operational costs and increase business efficiencies, maximizing a business’ limited resources and bottom-line results.
“Companies are wise to look at corporate expenses as a way to cut costs and increase efficiencies in a slowing economy,” said Phil Dunphy, senior manager, global travel for Pfizer. “We deployed all US employees on Concur Expense, and based on the success of that project, we chose to expand our license with Concur for worldwide deployment. Pfizer will achieve significant T&E savings as a result of our worldwide deployment of Concur Expense.”
“Pfizer is at the forefront of companies who have recognized the importance of reducing corporate expenses in the slowing economy,” said Steve Singh, chairman, president, and chief executive officer for Concur. “Pfizer’s selection of our market-leading expense management solution for worldwide deployment is a tremendous validation for our ability to deliver global deployments that achieve rapid return on investment. Our unmatched experience in deploying tens of thousands to hundreds of thousands of employees in large corporations, like Pfizer, is what makes Concur uniquely qualified to meet Pfizer’s worldwide expense management needs.”
Concur Expense automates each step of the T&E expense management process — from expense report preparation and approval to policy compliance, data analysis, and reimbursement. With Concur Expense, companies gain new control over their T&E expense management process. Travelers prepare expense reports faster and more accurately, aided by the direct prepopulation of expense data from their corporate charge cards. Expense reports are automatically routed to managers, who can more efficiently approve expense reports on-line and receive immediate notification of non-compliant entries. Accounting departments are more productive because expense reports are delivered on-line and automatically link to financial and payroll systems, eliminating the need to re-key expense data. Easily accessible expense data allows the company to analyze spending trends and negotiate better supplier rates for additional savings.
About Pfizer, Inc.
Pfizer, Inc. is a research-based, global pharmaceutical company. The company discovers and develops innovative, value-added products that improve the quality of life of people around the world and help them enjoy longer, healthier, and more productive lives. Pfizer has three business segments: health care, animal health, and consumer health care. Its products are available in more than 150 countries. For more information about Pfizer, go to .
About Concur Technologies
Concur Technologies, Inc. is the market leader of Corporate Expense Management solutions that automate costly and inefficient business processes, allowing companies to better leverage their most limited resources: time, money, knowledge, and energy. Meeting the needs of businesses of all sizes, Concur’s solutions include travel and entertainment expense management, employee requests for vendor payments, and time tracking and reporting, and can be delivered through license and Application Service Provider (ASP) models. Today, over 800 companies, including AT&T, Citigroup, Daimler-Chrysler, DuPont, First Union, and Pfizer, have licensed over 2.2 million employees to use Concur’s market-leading solutions to reduce costs, and increase productivity and access to data about internal business processes. Delivering on its commitment to excellence and meeting the needs of its customers across the globe, Concur leverages its strategic alliances with more than 50 world-class organizations such as ADP, American Express, Exodus, KPMG Consulting, Inc., Microsoft, and Microsoft Great Plains Business Solutions, and has successfully deployed its solution to more than 1.4 million employees worldwide. Concur also continues to expand its international market leadership with more than 50 companies deployed outside North America. More information is available via the Internet at .Details