Concur Technologies Inc. , the Redmond, Wash.-based provider of Corporate Expense Management solutions, today announced the release of version 3.1 of the Application Service Provider (ASP) model of Concur Expense, the firm’s ASP solution for automating the travel and expense (T&E) management process.
Concur says the release of Concur Expense 3.1 reinforces the firm’s commitment to providing customers with a solution enabling them to operate efficiently and reduce operating costs through increasing traveler and back-office productivity and helping to uncover travel spending trends.
Concur expense automates the travel and entertainment expense management process that includes; expense report preparation and approval, policy compliance, reimbursement, and data analysis. But the new version provides complete support of the Euro as a base and expense currency, enhanced international functionality, and an improved user experience.
“The release of Concur Expense 3.1 for our ASP model validates Concur’s T&E expense management leadership by introducing new functionality to support our customers with T&E expenditures in Europe,” says Steve Singh, chairman, president, and chief executive officer for Concur.
Details of the new functionality of Concur Expense 3.1 follow:
- Support of the Euro — Full support for the Euro has been added, allowing expenditures incurred in the Euro zone to be submitted in Euros and reimbursed in U.S. dollars, British sterling, or Euros.
- Report Enhancements — Enhancements have been added to two essential reports: the standard report and the receipt report, providing improved analysis of expenditures, resulting in even greater cost savings.
- Addition of Reimbursement Country — Addition of this data enables administrators to create audit rules that are dependent on a specific country, which provides robust auditing and approval processing capabilities, enabling consistent and uniform standards for T&E expense policies and workflow.
