Good news for CNQR holders. Russ
Monday January 17, 8:11 am Eastern Time
Company Press Release
UnitedHealth Group Selects Concur eWorkplace
Deployment of Concur Expense Projected to Drive Down Operational Costs and Enhance Productivity for Diversified Heath Services Company
REDMOND, Wash.--(BUSINESS WIRE)--Jan. 17, 2000-- Concur Technologies (Nasdaq:CNQR - news), the leading provider of workplace eCommerce solutions, announced today that UnitedHealth Group (NYSE:UNH - news), a diversified health resources and services company, has selected Concur Expense(TM), the travel and entertainment expense management solution within the Concur eWorkplace(TM) business portal, to save operational time and costs associated with its travel expense management process.
UnitedHealth Group will deploy Concur Expense via its Intranet to its 29,000 employees.
Concur Expense, which automates each step of the travel and entertainment expense management process -- from expense report preparation and approval to policy compliance, reimbursement, and data analysis -- increases traveler and back-office productivity while uncovering critical travel spending trends.
''Concur's workplace eCommerce solutions help our customers gain control over everyday business processes for increased internal efficiencies,'' said Jon Matsuo, president of the Large Market Division at Concur. ''We are pleased to have been selected by UnitedHealth Group.''
Concur eWorkplace is a comprehensive business portal that allows employees to quickly and easily access business solutions and information needed to expedite daily tasks. The solution automates common workplace processes via a uniform user interface and is comprised of Concur's suite of workplace eCommerce solutions, including Concur Procurement(TM) for corporate procurement, Concur Human Resources(TM) for human resources self-service, Concur Expense for travel and entertainment expense management, and Concur Travel Network(TM) for travel booking.
About UnitedHealth Group
UnitedHealth Group (www.unitedhealthgroup.com) provides a broad spectrum of resources and services to help people achieve improved health and well-being through all stages of life. UnitedHealth Group is organized into six businesses: UnitedHealthcare, Uniprise, Ovations, Specialized Care Services, Ingenix, and UnitedHealth Capital. In 1998 UnitedHealth Group was ranked 84 in the Fortune 500.
About Concur Technologies
Concur Technologies, Inc.(TM) (www.concur.com) is the leading provider of workplace eCommerce solutions that automate costly and inefficient business processes among employees, partners, suppliers, and service providers. Its flagship product, Concur eWorkplace(TM), integrates Concur's suite of workplace eCommerce solutions - corporate procurement, human resources self-service, travel and entertainment expense management, and travel booking through a common business portal. The Concur eWorkplace suite is available in three distinct models: licensed, ASP, and Internet outsourced. All three enable users to access critical information and services thus reducing operating costs, increasing productivity, and improving supplier management. Concur's customer base is comprised of more than 275 companies, representing over 2.1 million employees, across more than 20 countries. AT&T, Baxter International, DaimlerChrysler, Exxon, and Pfizer are among the companies that have selected Concur's workplace eCommerce solutions. Concur's global trading network, Concur Commerce Network(TM), links buyers throughout the workplace together with suppliers to conduct business-to-business eCommerce in real time. Concur's Global Alliance Network is comprised of over 50 world-class organizations including ADP, American Express, Exodus, KPMG, Microsoft, and Nortel.
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