MINNEAPOLIS – Oct. 29, 2013 – U.S. Bank has joined with expense-management providers Concur and Chrome River to help improve clients’ corporate-travel value chain. Customers will now be able to choose among three different online solutions – U.S. Bank Expense Management, Chrome River EXPENSE, and Concur® (Nasdaq: CNQR) – to gain visibility into their spending patterns, identify cost-saving opportunities, and ensure program compliance.
“Travel and entertainment (T&E) represents the second-largest controllable expense,” says Michael Hilton, Executive Vice President and General Manager, Concur Travel and Expense. “Visibility into this spend is an essential element for companies to make their spending transparent in real time so they can make more informed spending decisions and impact their bottom line.
“The key,” says Alan Rich, co-founder and CEO of Chrome River, “is to make the solutions easy-to-use so the end users are happy and flexible so they can be configured to meet the needs of organizations worldwide. Our tools make automated expense management – what we call ‘collaborative cost control’ – an easy and responsible choice.”
Lynn Heitman, Senior Vice President of U.S. Bank Corporate Payment Systems, agrees. “We are very pleased to be working with Concur and Chrome River to give customers a real choice for their expense-management system. U.S. Bank Expense Management is focused on today’s middle-market customers, while Concur and Chrome River support all organizations -- from small businesses to the largest, most complex, multi-national organizations. No matter which solution clients choose, they will gain exceptional visibility into their spend and continually find ways to cut time and costs from their business practices.”
About U.S. Bancorp ([url=http://www.usbank.com]http://www.usbank.com[/url]):
Minneapolis-based U.S. Bancorp (NYSE: USB), with $361 billion in assets as of September 30, 2013, is the parent company of U.S. Bank, the 5th largest commercial bank in the United States. The Company operates 3,088 banking offices in 25 states and 4,937 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at usbank.com.
About Chrome River ([url=http://www.chromeriver.com]http://www.chromeriver.com[/url]):
Chrome River provides expense reporting and invoice automation via an online service that increases operational efficiency and drives down costs by combining the latest internet technologies with a team of industry-leading implementation and support experts. Immediate payback is realized with no hardware, software, or long-term commitment. Call 1-888-781-0088 or visit [url=http://www.chromeriver.com]http://www.chromeriver.com[/url].