Wednesday December 8, 8:01 am Eastern Time
Company Press Release
Concur Technologies Unveils Concur
Commerce Network: Links Buyers with
Suppliers in Global Trading Community
Commerce Network Extends Global Trading Buying Power to Businesses of
All Sizes
REDMOND, Wash.--(BUSINESS WIRE)--Dec. 8, 1999-- Concur Technologies
(Nasdaq:CNQR - news), the global leader in workplace eCommerce solutions, announced today
the launch of Concur Commerce Network(TM), its global trading network linking buyers
throughout the workplace together with suppliers to conduct business-to-business eCommerce in
real-time.
The Concur Commerce Network enables businesses of all sizes to take advantage of the
tremendous value that Internet eCommerce delivers.
``Already having a business relationship with more than 275 companies, representing more than
2.1 million employees for expense, procurement, human resources, and now with the Concur
Commerce Network, we are well-positioned to help companies of all sizes capitalize on the
promise of the multi-trillion dollar business-to-business eCommerce market,' said Steve Singh,
chairman and chief executive officer of Concur. ``Today, through the Concur Commerce
Network, we are the first company to deliver the benefits of a dynamic global trading network
representing thousands of suppliers to companies ranging in size from 50 to 250,000
employees.'
Seamlessly integrated with both the Concur eWorkplace(TM) and Concur eWorkplace.com(TM)
business portals, the Concur Commerce Network facilitates easier, more efficient transactions
between buyers and trading communities. Now, like larger enterprises, small and middle market
companies gain the ability to link with the broadest range of suppliers in real-time. Buyers
realize the kind of buying power that can be harnessed through an electronic trading community
where transaction volume generated by thousands of employees creates better prices for each
participant, regardless of its business size. Suppliers benefit by gaining low cost access to
customers that were previously difficult to identify and serve. Once connected to the Concur
Commerce Network, suppliers will also derive substantial benefit from the lower customer
servicing costs inherent in a digital commerce ecosystem.
Concur, through the open architecture of Concur Commerce Network, also provides superior
features and functionality through its partnerships with leading technology organizations,
including Exodus Communications Inc. (Nasdaq:EXDS - news) for Internet hosting and
webMethods Inc. for seamless business-to-business integration.
``The Concur Commerce Network is an example of how webMethods can help companies
leverage the open standards of the Internet to achieve real-time integration between business
partners,' said Phillip Merrick, president and chief executive officer of webMethods Inc.
``webMethods B2B provides a robust, reliable, seamless solution for connecting suppliers to the
Concur Commerce Network. Through these integrated business communities, companies can gain
competitive advantage by reducing costs, increasing revenues, and creating new business
opportunities through tighter links with customers.'
``Leveraging new strategic partnerships, our global alliance network, and our strong customer
base representing over 2.1 million buyers, Concur Commerce Network will link business buyers
and their employees with suppliers from all over the world,' said Mike Hilton, chief technology
officer of Concur. ``We are very excited to bring the benefits of electronic commerce to new
customers and suppliers that may not have participated in the eCommerce revolution. At the
same time, together with our partners, we are making history by creating a broad reaching new
digital commerce ecosystem.'
For More Information on Concur Commerce Network
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