Travelocity Business to Integrate with ExpenseWatch.com to Drive Savings to Mid-Size Business Travel Programs
Aug 19, 2009
ExpenseWatch.com(TM) will integrate its expense management technology with Travelocity Business(R), one of the business travel industry's fastest-growing agencies. Targeted at small to mid-size programs looking to enhance automation and efficiency across the entire travel cycle, the integrated solution offers companies a comprehensive, fully-integrated travel and expense management system.
Travelocity Business will demonstrate the solution at booth 427 during next week's National Association of Business Travelers International Convention and Expo in San Diego. TBiz clients will have access to the integrated ExpenseWatch.com offering in the fourth quarter of 2009.
Travelocity Business, a full-service corporate travel management company, offers multi-national companies a compelling combination of best-in-class automation with a complete array of traditional travel management services. More than 85 percent of Travelocity Business bookings are made online, evidence of the agency's ability to maximize savings for clients and drive travelers to use preferred suppliers.
The ExpenseWatch.com solution complements Travelocity Business' creative use of dynamic messaging and supplier preferencing at the point-of-sale, giving corporations another option to monitor everyday spend and guide travelers to make policy-compliant choices. Clients deploying the integrated offering can measurably reduce the opportunities for out-of-policy spending and fraud.
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.
"The Travelocity Business offering to corporations, with its mix of creative automation and strategic policy management, is ideal for empowering small and mid-sized businesses to control and maximize travel spend," said Bill Vergantino, president and CEO of ExpenseWatch.com. "We're pleased to work with TBiz and help its clients benefit from streamlined expense management."
"Every customer is different, from their industry to their size, to the regulations they must adhere to," said Blake Goodwin, vice president of product marketing for Travelocity Business. "ExpenseWatch.com has the flexibility to accommodate a wide range of travel and expense policies with proven, user-friendly technology. We're confident that our integrated solution will bring a compelling, comprehensive option to mid-size firms that just now are taking significant steps towards corralling travel spend and maximizing the value of each business trip."
ExpenseWatch.com offers best-of-breed modules for Expense Reports, Purchasing and AP Invoice Management which provide for complete control and visibility into all company spending. Modules can be subscribed to individually to control specific company spending issues, or as a fully integrated expense control suite. Because ExpenseWatch.com is an open expense control platform, companies have the flexibility to integrate spending data with a wide range of business solutions used - travel management tools, accounting/enterprise resource management systems and payroll providers, credit cards, budgeting applications, customer relationship management systems, ecommerce vendors and more. Annual subscriptions include implementation - which takes about a month - training, support for all users and usage analysis. For more information, visit www.ExpenseWatch.com or call 1-866-399-2824.
About Travelocity Business
Southlake, Texas-based Travelocity Business is a full-service corporate travel management company. TBiz(R) is one of the business travel industry's fastest-growing agencies with more than $900 million in annual travel spend under management. Travelocity Business combines the expertise, service and travel choices of Travelocity with corporate experience gained from serving more than half of the Fortune 200 companies. For more information, companies can visit www.travelocitybusiness.com.
Sabre Holdings Corporation is a world leader in travel commerce, retailing travel products and providing distribution and technology solutions for the travel industry. More information about Sabre Holdings is available at http://www.sabre-holdings.com/.
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