News Releases

ExpenseWatch.com Releases Integrated Travel and Expense Management System; Provides Custom Report Dashboards for In-depth Insight into Travel Spending

Houston, Tex. – NBTA Expo – August 9, 2010 – ExpenseWatch.com has released its fully integrated travel and expense management solution. Using the travel management program(s) of choice, companies can integrate online travel and ExpenseWatch.com expense management into one end-to-end solution encompassing pre-trip bookings through to expense report reimbursement.

ExpenseWatch.com will demonstrate the solution at booth #2114 during the National Association of Business Travelers International Convention and Expo in Houston. Travel booking integration is currently available with Egencia and Travelocity Business. Support for additional travel management systems, such as TripIt which is also being announced today, will become available over the coming months.

ExpenseWatch.com will also demonstrate a collection of template reports and dashboards for use in the recently released Custom Reporting module, to address the needs of company finance and travel management staff. These new reports draw upon integrated travel booking and expense management data to provide insights into such areas as booked versus actual expensed travel and compliance to company spending policies, as well as how companies can locate addition savings by analyzing spending trends and vendor performance.

“As an open expense control platform, ExpenseWatch.com provides complete flexibility and enables customers to integrate travel itinerary information with their expense management system,” said Bill Vergantino, president and CEO of ExpenseWatch.com. “Our solution is designed to reduce the time it takes to create expense reports by delivering travel information directly to the report submitter, ensure policy enforcement throughout the entire business travel process, and provide comprehensive insight into travel and expense data for maximum control.”

Employees book travel with their travel management solution of choice, where pre-trip company spending policies are applied. Corporate credit cards and travel booking data flows into ExpenseWatch.com and users are notified that travel itineraries and/or credit card transactions are waiting to be put onto an expense report. Whenever possible, credit card charges are pre-matched with booked travel streamlining expense report creation even further. As expense reports are created in ExpenseWatch.com, company spending policies are applied.

ExpenseWatch.com accounts for the dynamic nature of business travel and keeps a running tab of booked versus expensed travel for the life of each expense report. Expense report filers, approvers and accounting reviewers can see at a glance the anticipated expense for hotel, airfare and car at the time travel was booked, compared with the actual amounts being submitted for reimbursement for those same items.

ExpenseWatch.com is a comprehensive, fully-integrated expense control suite, which includes modules for Expense Reports, Purchasing and AP Invoice Management. With ExpenseWatch.com, companies eliminate time and resource consuming manual, paper-based expense management processes, while automatically ensuring spending policies are applied and enforced. ExpenseWatch.com provides complete visibility into all company spending—what’s been paid, and the purchases, invoices and expense reports waiting to be approved or paid. Subscriptions include implementation, training and support for all users. For more information call 866-399-2824.

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