Concur Technologies, Inc. (CNQR), a global company providing integrated travel and expense management solutions, recently entered into a partnership with StayinFront Inc. to extend its services. StayinFront is a premier global provider of cloud-based customer relationship management (CRM) solutions to diversified companies.
StayinFront offers mobile access for field executives in the pharmaceutical industry, using Androids, iPads and iPhones. Its CRM software is currently available on demand, which is used on premises globally by many companies.
This partnership will make the two CRM solutions of StayinFront, named StayinFront TouchRx and StayinFront EdgeRx applications available in the new Concur App Center. The new App centre from Concur is primarily targeted towards simplifying call and expense reporting for business travelers. The use of this App will enable the field sales representatives work more efficiently by reducing reporting time due to a single point data entry requirement rather than multiple data entry system of the erstwhile setup and increased focus on business.
This partnership, combining the best of both the companies, will be yet another addition to the bouquet of multiple partnerships of Concur. In the last few months, the company entered into a number of strategic partnerships with various companies. These include Egencia, the business travel division of Expedia Inc. (EXPE), Universal VAT Services, and privately-owned company conTgo. Such aggressive partnership strategy is expected to benefit Concur in the lon run and augment its revenues.
Concur currently holds a Zacks Rank #3 (Hold). Other players in the industry include NQ Mobile Inc. (NQ) and Progress Software Corp. (PRGS), each having a Zacks Rank #1 (Strong Buy).
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