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Technology Stocks : CNQR - Concur Technologies

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To: Early Out who started this subject10/25/2000 8:34:47 AM
From: Neil H   of 374
 
Wednesday October 25, 8:06 am Eastern Time

Press Release

SOURCE: Concur Technologies Inc.

MarketStar Selects Concur Expense and
Concur Time For Increased Operational Efficiencies

Leading Sales and Field Marketing Service Company Automates T&E
Expense Management and Time Tracking and Reporting Processes to
Reduce Operating Costs And Increase Productivity

REDMOND, Wash., Oct. 25 /PRNewswire/ -- Concur Technologies (Nasdaq: CNQR - news),
the leading provider of Corporate Expense Management solutions, announced today that
MarketStar Corp., a leader in sales and field marketing services, has selected Concur
Expense(TM) and Concur Time(TM) to provide company-wide automation of its travel and
entertainment (T&E) expense management and time tracking and reporting processes. Concur
Expense, the world's leading Web-based T&E expense management solution, and Concur Time,
a leading Web-based time tracking and reporting solution, reduce operational costs, increase
business efficiencies, and maximize a company's limited resources and bottom line.

``Concur understands that a company's expense management challenges are larger than just
expense reports. Concur offered best-of-breed solutions for our expense management needs,''
said Steve Israelsen, business requirements officer for MarketStar. ``By automating our manual
expense management processes with proven solutions like Concur Expense and Concur Time,
we expect to achieve increased cost reductions and business efficiencies across our
organization.''

``MarketStar's selection of Concur Expense and Concur Time validates our solution strategy to
provide a suite of proven Corporate Expense Management solutions for a broad range of core
expense management needs,'' said Steve Singh, chairman and chief executive officer for Concur.
``Concur's keen focus, vast experience, and unrivaled success in solving the expense
management needs in businesses of all sizes makes it the clear leader in Corporate Expense
Management.''

Concur Expense automates the travel and entertainment expense management process -- from
expense report preparation and approval to policy compliance, reimbursement, and data analysis
-- to increase traveler and back-office productivity while uncovering travel spending trends.

Concur Time automates the time tracking and reporting process -- from time entry and account
coding to approval and billing -- to increase timeliness and accuracy, and accelerate billing
while gathering valuable data for ongoing cost controls.

MarketStar searched for an automated T&E expense management and time tracking and reporting
solution to replace its manual method of managing travel expenses and tracking billable time.
Once fully deployed, MarketStar expects Concur Expense and Concur Time to yield a significant
reduction in total expense report and billable time processing costs and time. Additionally,
MarketStar will gain fast and easy auditing control and reporting capabilities that it will use for
cost analysis, supplier negotiations, and billing.

About MarketStar

MarketStar is a leader in the sales and field marketing service area with access to more than
1,500 field representatives nationwide. Founded in 1988, MarketStar has grown to effectively
implement individually tailored global marketing programs for its clients. The company offers
sales channel management and field support resources for products manufactured by leading
companies in technology, consumer electronics, durable goods, and other industries. Services
are tailored to meet client needs in the retail, value-add, and direct sales channels. For more
information about MarketStar see www.marketstar.com.
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