BRENTWOOD, Tenn. and CONSHOHOCKEN, Pa., Jan. 9 /PRNewswire/ -- Comdata(R) Corporation and expensewatch.com have formed a technology alliance that provides small and midsized companies comprehensive tools for end-to-end operating expense management.
"Our partnership with expensewatch.com brings a whole new level of efficiency and automation for our customers with purchasing card programs," said Gary Krow, president of Comdata. "Companies looking to improve expense control, reduce cost and achieve margin improvements in their procure-to-pay cycle will find the integrated application between Comdata and expensewatch.com extremely compelling."
"For the first time, small-to-midsized companies can affordably put operating expense controls in place, allowing them to operate their businesses with the same efficiencies of larger organizations," said Bill Vergantino, president and CEO of expensewatch.com. "Combining the value of automated enforcement of corporate spending policy with automated payment solutions is a key aspect of this exciting new alliance, which will deliver real bottom-line value to customers in the form of rebates, cost avoidance, transactional efficiency and financial control."
Using the Comdata Card program, companies can apply numerous controls before company money is spent. Once the card is used, the transactions are sent electronically to the expensewatch.com service bringing complete automation to purchase requisition, expense report and invoice approval processes.
All corporate card transactions can then be documented and company spending policies can be applied and enforced. Real-time visibility of data delivers key business intelligence for superior decision making and business performance.
The two companies plan to more tightly integrate their technology. A combined launch is expected during the first half of 2007.
About expensewatch.com
Expensewatch.com is a complete Web-based subscription service that gives small-to-midsized companies comprehensive tools to control and reduce operating expenses. Customers automate the control of their expenses with modules for travel and entertainment, purchasing and invoice management. Corporate spending policies are automatically enforced. Compliance issues are addressed. Budgets, real-time reporting, implementation, training and support are included in the subscription pricing. Currently thousands of people in more than 15 countries are using the expensewatch.com service. On the Net: http://www.expensewatch.com/.
About Comdata Corporation
Comdata(R) Corporation (http://www.comdata.com/) is redefining the movement of money and information through innovative payment solutions. Comdata provides custom solutions for a wide range of industries such as transportation, retail, government services, aviation, construction, service businesses, restaurants and hospitality. Innovative electronic payment solutions range from credit and debit cards, gift and loyalty cards, fleet, fuel, payroll, purchasing and T&E. As a full-service merchant processor, Comdata's platforms support both its proprietary and branded card networks, as well as card processing for all card types. Headquartered in Brentwood, Tennessee, Comdata employs more than 1,600 people worldwide. Comdata is a wholly owned subsidiary of Minneapolis-based Ceridian Corporation .
About Ceridian
Ceridian Corporation is an information services company serving businesses and employees in the United States, Canada and Europe. Ceridian is one of the top human resources outsourcing companies in each of its markets, and offers a broad range of human resource services, including payroll, benefits administration, tax compliance, HR information systems and employee advisory programs. Through its Comdata subsidiary, Ceridian is a major payment processor and issuer of credit cards, debit cards and stored value cards, primarily for the trucking and retail industries in the United States. http://www.ceridian.com/
Contact: Kristin Keyes
484-362-1217
© 2007 PR Newswire
