ExpenseWatch.com Featured in PayStream Advisors’ Travel and Expense Management Report
Conshohocken, Pa. – July 25, 2006 – ExpenseWatch.com is featured in PayStream Advisors’ most recent research report titled Travel & Expense Management Automation: A Buyer’s Guide to Expense Management Solutions.
PayStream Advisors is a research and consulting firm that studies financial automation technologies including those serving the expense management industry. The report highlights how organizations are improving their expense control processes through automation. It also focuses on the role that technology plays in streamlining the T&E management process to reduce losses from fraud and improve compliance with regulatory requirements, such as Sarbanes-Oxley.
ExpenseWatch.com, highlighted as a leading automated T&E management provider, is one of seven companies out of nearly 20 considered for the report. The report details ExpenseWatch.com’s T&E management capabilities, including policy-based spending controls, real-time reporting, travel requisition functionality and credit card integration. Also cited are the service’s Web-based interface, low implementation and maintenance costs and ease of use, a critical feature for customer adoption and use, according to the report.
- “ExpenseWatch.com’s on-demand TEM model provides clients with the best of both worlds–cutting edge technology with minimal upfront costs and low transaction fees,” wrote Sush Koka, senior research analyst at PayStream Advisors.
- “We are extremely pleased to be featured in this comprehensive report on travel expense management,” said Bill Vergantino, CEO for ExpenseWatch.com. “This recognition validates our mission to serve the small-to-midsized business market by enabling our customers to control and reduce operating expenses.”
Vergantino will participate in PayStream Advisors’ Travel & Expense Management Automation e-Roundtable on July 26. He will join three other vendors from the TEM report to answer questions, such as how their solutions facilitate Sarbanes-Oxley compliance and what reporting and spending analysis tools are incorporated into their software. The full PayStream Advisor’s report can be purchased by visiting www.paystreamadvisors.com.
ExpenseWatch.com is an on-demand expense control and reporting system that automates key financial processes and delivers powerful tools to streamline and control expenses. Customers automate all or a portion of their expenses by choosing which modules they need for travel and entertainment, purchasing and invoice management. Policies and budgets, compliance, real-time reporting, maintenance, support and training are all included in the subscription pricing. Currently, thousands of people in more than 15 countries are using the ExpenseWatch.com service. Founded in 2000, the company is privately held.
