American Express' Global Corporate Payments business and Concur (Nasdaq: CNQR), the world's leading provider of on-demand employee spend management services, announced that they have expanded their global alliance with a new partnership in Japan, whereby they will promote each others' solutions to corporate clients in that market.
American Express Global Corporate Payments and Concur have been working together since 2008 to help clients in more than 15 markets optimize their expense management programs. Companies that integrate American Express payment data with Concur expense systems benefit from higher quality and more robust data, which ultimately helps control spending and drive savings to the bottom line.
"We're committed to providing world-class support and solutions to our clients on a global basis," said Jaromir Divilek, Senior Vice President, Global Corporate Payments, American Express. "In Japan and around the world, our partnership with Concur helps clients get the maximum impact out of their Corporate Card program, while also providing them with globally consistent and robust expense management capabilities."
"Concur continues to expand globally, while focusing on meeting the specific local needs of clients in every market we serve," said Michael Hilton, Executive Vice President of Worldwide Marketing for Concur. "For example, our business in Japan now supports Japanese IC card data integration and public transportation information integration. Concur's continuous commitment to innovation, coupled with our ongoing partnership with American Express, help customers reduce complexities, control spend and increase savings."
American Express and Concur customers receive a number of key benefits, including:
- Maximum Visibility: With Program Optimization, a unique feature developed by American Express and Concur, clients receive reports with both American Express card data and non-card data, helping companies identify areas of spend that are outside of company policy.
- Greater Control: More robust data helps companies improve compliance with policies and reduces risk of unauthorized spending.
- Greater Savings: When companies consolidate spend across business units and geographies, they gain negotiating leverage with suppliers, which translates into greater cost savings.
"Visibility into our spending is critical to our ability to drive efficiencies and savings," said Jennifer Scuglik, Director of Treasury for Rust-Oleum Corporation, a leader in protective paints and coatings headquarted in Vernon Hills, Illinois. "By working with American Express and Concur, we know exactly which of our employees are spending, where they are spending, and if we're effectively leveraging our vendor contracts."
About American Express Global Corporate Payments
Through its Global Corporate Payments group, American Express provides the Corporate Card, Corporate Purchasing Solutions, and other expense management services to mid-sized companies and large corporations worldwide. In the U.S., it is the leading issuer of commercial cards, serving more than 70% of the Fortune 500, as well as tens of thousands of mid-sized companies. American Express issues local-currency commercial cards in more than 40 countries, and International Dollar Corporate Cards in an additional 100+ countries. For more information, visit americanexpress.com/corporate.
Concur is a leading provider of integrated travel and expense management solutions. Concur's easy-to-use Web-based and mobile solutions help companies and their employees control costs and save time. Concur Connect is the platform that enables the entire travel and expense ecosystem of customers, suppliers, and developers to access and extend Concur's T&E cloud. Concur's systems adapt to individual employee preferences and scale to meet the needs of companies from small to large. Learn more at www.concur.com.