BMO Spend & Payment Solutions Partners with CyberShift



    
    -   Employees can complete expense reports on-the-go with mobile devices
    -   Increased spend under card generates uncomplicated expense reports
    -   Organizations have immediate visibility into expenses to avoid
        inaccurate reporting and costly errors
    

    NBTA International Convention & Exposition - SAN DIEGO, Aug. 25 /CNW/ -
<a href="http://www.bmospendandpayment.com/">BMO Spend & Payment Solutions</a>, a division of BMO Financial Group (NYSE, TSX:
BMO), today announced a <a href="http://www.bmospendandpayment.com/news.html">strategic partnership</a> with CyberShift, Inc. The
agreement is another of several partnerships in the BMO Business Travel
Alliance, a consortium of world-class vendors committed to helping customers
eliminate inefficiency, improve business practices and controls and drive
better terms and prices with preferred vendors.
    The partnership with CyberShift tackles a fundamental challenge in
managing travel expense - getting employees to submit accurate and timely
accounts of what they have spent. By combining BMO's corporate card solutions
with CyberShift's best-in-class expense management solution, employees can
significantly reduce the time and effort required to complete their expense
reports. This timely submission of expense reports drives immediate
improvements in an organization's ability to quickly and accurately monitor
and <a href="http://www.bmospendandpayment.com/paymentsolutions.html">control travel expenses</a>.
    "Organizations realize that employee travel is an essential part of doing
business but with every trip comes a complex series of expense reports," said
Terry Wellesley, Managing Director, BMO Spend & Payment Solutions. "Our card
program coupled with CyberShift's automated expense management solution, gives
employees, managers and organizations a sure-fire vehicle to submit, approve,
certify and receive reimbursement in record time."
    BMO's expansive T&E card program gives organizations control over their
cost centres and provides employees a way to make payment without reaching
into their wallets. BMO card customers can now offer their employees a way to
submit expenses from the road - speeding the time to reimbursement, a benefit
that should help accelerate the adoption of card use for everything from
hotels and restaurants to taxis and client entertainment expenses.
    Employees can create expense reports on their smart-phone devices,
submitting the report to managers in an easy-to-read and easy-to-approve
format. The solution automatically populates the expense report with card data
- airline charges, hotel folio data, restaurants and taxis - eliminating the
need for paper receipts. Any cash expenditures can be captured using a digital
scanning system.
    "As the newest member of BMO's Business Travel Alliance, our powerful
integrated expense management solution gives organizations a way to
effectively manage expenses with the employee's well-being front of mind,"
said Robert Farina, CEO, CyberShift, Inc. "Providing employees with a quick
and easy tool to file expense reports not only results in increased individual
productivity and satisfaction, but also gives organizations immediate
visibility into business travel expenses. With this data, organizations are
better positioned to manage and control their employee business expenses."

    About BMO Spend & Payment Solutions

    A division of BMO Financial Group, BMO Spend & Payment Solutions is a top
ten commercial card provider and a leading provider of spend management
solutions in North America. BMO products are widely used by corporations and
government sector organizations to manage, control and gain better visibility
into their commercial spending. Through Harris N.A., a Midwest-based and
wholly owned subsidiary of BMO Financial Group, BMO Spend & Payment Solutions
offers a comprehensive range of financial products and services to U.S. public
and private sector organizations.
    BMO Financial Group is one of the largest providers of diversified
financial services in North America with total assets in excess of $430
billion.

    About CyberShift

    CyberShift, Inc. is a leading provider of workforce and expense
management software and services focused on helping mid-sized to large,
complex organizations improve organizational performance and profitability.
Through its integrated Workforce Management 3G(TM) suite, which includes time
and attendance, advanced scheduling and reporting and analytics, companies can
more effectively plan, manage and deploy their workforces, reduce costs and
improve processes across business operations. CyberShift Expense(TM) automates
the processing and facilitates the management of employee business expenses
such as travel and entertainment and helps companies improve compliance,
enforce expense policies and procedures and increase visibility into
operations. Offered in both traditional license fee and Software-as-a-Service
(SaaS) delivery models, CyberShift's innovative solutions have been awarded
U.S. and Canadian patents. CyberShift is the first enterprise-class workforce
and expense management solution provider to enable support for the
BlackBerry(R) platform. To learn how CyberShift's solutions can help your
organization, contact CyberShift by calling (877) 274-4381 or visiting us at
www.CyberShift.com.





For further information:

For further information: For news media inquiries: BMO Financial Group:
Ralph Marranca, Toronto, (416) 867-3996, Ralph.Marranca@bmo.com; Ronald Monet,
Montreal, (514) 877-1873, Ronald.Monet@bmo.com; Internet:
http://www.bmospendandpayment.com/index.html; Corporate Ink: Nina Gill, (617)
969-9192, ngill@corporateink.com


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