Strong demand for industry-leading Employee Spend Management solutions pushes client count over the 10,000 plateau as company heads into 2010
REDMOND, Wash., December 22, 2009 -- Concur (Nasdaq: CNQR), the world's leading provider of on-demand Employee Spend Management services, today announced a significant milestone as the company’s client count reached the 10,000 plateau – a customer base that represents more than 10 million employees – during its recently completed fiscal 2009. Fueled by strong demand for its on-demand services, Concur saw its largest number of new customer additions in the fourth quarter of fiscal 2009, helping the company finish a strong fiscal year with a 15 percent year-over-year increase in revenue.
"Concur’s mission has always focused on helping our clients drive costs out of their businesses. In an uncertain economy in which budgets are being slashed and operating costs are being scrutinized from every angle, the need for our Employee Spend Management services has never been greater,” said Rajeev Singh, president and COO of Concur. “2009 saw the company deliver significant new innovations, expand our presence into new markets and continue to lead the way in delivering world-class on-demand services. As we head into 2010 and continue setting the pace of innovation in our industry, this milestone is both a direct reflection of the dedication and commitment of over 1200 Concur employees around the globe and a testament to the value that Concur delivers to each and every client.”
Recognized as a worldwide leader in Software-as-a-Service (SaaS), Concur’s on-demand business solutions help organizations control costs by automating the entire corporate travel and expense reporting process, streamlining invoice processing, and helping to manage all associated business processes. Concur's suite of award-winning on-demand services – including Concur® Travel & Expense, Concur® Cliqbook Travel, Concur® Expense, Concur® Invoice, Concur® Intelligence, Concur® Advantage – all allow companies to get up and running quickly so they can focus on what’s most important. By automating and optimizing business processes, Concur’s services help drive down costs, ensure compliance and deliver actionable business intelligence.