Concur and NetSuite Partner to Offer Cloud-Based Time & Expense Management

Concur (Nasdaq: CNQR), which develops travel and expense management (T&E) solutions, has released it's new T&E cloud solution, which integrates with NetSuite (NYSE: N). The system was built using NetSuite’s SuiteCloud Computing Platform.

The system was first announced as an upcoming product at NetSuite’s SuiteWorld event in May 2012 in San Francisco. Now availiable, this solution helps NetSuite customers reap the unique benefits of a specialized end-to-end travel and expense management solution delivered via Concur’s T&E Cloud, by providing an easy to use UI for expense reports, import of credit card statements, enforcement of expense policies, corporate credit card support, mobile solutions and links between travel and expense management. 

With this cloud-to-cloud integration, businesses  using the system can post completed and approved T&E expense reports directly into the NetSuite Employee Center, making comprehensive and accurate T&E spend data available through NetSuite’s Accounts Payable and General Ledger services.

NetSuite’s SuiteCloud is a family of cloud-based accounting, financials and business management technologies, and also includes development tools and services designed to help businesses and commercial software developers take advantage of the significant economic benefits of cloud computing.

SuiteCloud Developer Tools provide a comprehensive cloud customization environment, whether you're extending NetSuite to fit your business needs or developing completely new applications. SuiteCloud Developer Tools include workflow management, scripting, analytics, web services and more.

“The cloud enables customers to choose best-in-class applications and services – like those from NetSuite and Concur – that deliver the most compelling value. This value becomes even more compelling when they are tightly integrated,” said Michael Hilton, Executive Vice President of Worldwide Marketing for Concur.

“Now, NetSuite clients can enjoy a world-class T&E expense management experience which seamlessly integrates into NetSuite’s Accounts Payable and General Ledger services. This is one more example of how the Concur T&E Cloud is helping to deliver greater value to companies of all sizes.”