American Express and Concur Launch Expense Reporting Service Designed to Serve the Needs of Mid-Sized Commercial Card Clients

-- Concur Breeze leverages direct data feed from American Express Commercial Card to help mid-market companies better manage cash flow, save time and improve efficiency --

Jun 02, 2010, 09:00 ET from Concur

REDMOND, Wash., June 2 /PRNewswire-FirstCall/ -- American Express and Concur (Nasdaq: CNQR), the world's leading provider of on-demand employee spend management services, extended their partnership today with the launch of Concur® Breeze, an online expense reporting service for American Express Commercial Card mid-market clients that automates and streamlines the submission, review and approval of all business expenses – including T&E, office supplies, advertising, shipping, telecommunications and more.  Concur Breeze provides advanced expense reporting capabilities in a cost-effective, easy-to-manage online solution.

Concur Breeze is quick and easy to set up.  It streamlines the entire expense management process by automatically creating expense reports using electronic data imported from American Express commercial card products, thereby delivering higher quality, more robust and more detailed data.  By automating the entire process and eliminating the need for paper receipts, spreadsheets, and lengthy reimbursement cycles, Concur Breeze reduces the cost, time and hassle associated with expense reporting – simplifying bookkeeping and helping companies better track costs and manage cash.

Mid-market companies that integrate expense report systems directly with corporate cards and other commercial payments realize greater efficiency and reduce costs across the entire scope of travel and entertainment expense management, according to a recent research report on the benefits of Corporate Card and Expense Reporting Integration from Aberdeen Group.  The companies included in the report achieved nearly 90% lower percentage of expense reports submitted with errors, 66% lower costs to process a single expense report, and 28% higher rate of compliance.   A free copy of this report is available at www.concurbreeze.com/americanexpresscorporatecard.

"Concur Breeze is designed to address the unique needs of mid-market companies looking to streamline their operations and improve efficiency with an automated expense reporting process," said Elena Donio, Executive Vice President & General Manager, Emerging Business for Concur. "We're excited to extend our partnership with American Express to deliver this exclusive service that uses the latest technology to bypass previous barriers to automation within this market segment."

"Concur Breeze brings 'software as a service' functionality for automated expense management into the middle market at an attractive price point," said Sara Tresch, Vice President of Business Development, Global Commercial Card for American Express.  "This extension of our partnership with Concur allows us to provide unique value to our joint customers and ultimately deliver savings and efficiencies to employees and their companies."

An exclusive 60-day free trial of Concur Breeze is available to American Express Commercial Card clients. Learn more at www.concurbreeze.com/americanexpresscorporatecard.

About Concur

Concur is the world's leading provider of on-demand services that help small, mid-sized and large organizations increase efficiency, manage employee spend and control operational costs. Learn more at www.concur.com.

About American Express Global Commercial Card

Through its Global Commercial Card group, American Express provides the Corporate Card, Corporate Purchasing Solutions, and other expense management services to mid-sized companies and large corporations worldwide. In the U.S., it is the leading issuer of commercial cards, serving more than 70% of the Fortune 500, as well as tens of thousands of mid-sized companies. American Express issues local-currency commercial cards in more than 40 countries, and International Dollar Corporate Cards in an additional 100+ countries. For more information, visit www.americanexpress.com/corporate.

About American Express

American Express is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com.

SOURCE Concur



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