BMO Spend & Payment Solutions Renews Partnership with the Province of Ontario



    
    Integrated services arrangement makes it easier and more cost-effective
    for government employees and card program managers to submit, track and
    reconcile expenses
    

    TORONTO, Aug. 15 /CNW/ - BMO Spend & Payment Solutions, a division of BMO
Financial Group, announced today that it has been awarded a new contract by
the Ontario Government to provide a fully integrated corporate travel and
purchase card program that will enhance the Province's ability to track,
analyze and manage purchasing and employee travel-related expenses.
    The Province is now partnered with a single card issuer that will deliver
an integrated solution that enhances reporting, controllership and cardholder
compliance.
    "The BMO card program will become an integral part of the Province's
Single Sign-On Web Portal which enables employees to submit and reconcile work
related expenses quickly and easily," said Roman Zydownyk, Assistant Deputy
Minister. Roman leads the Enterprise Financial Services Division of Ontario
Shared Services for the government of Ontario.
    "The Province of Ontario has been a valued strategic partner and we're
delighted to continue working with them," said Terry Wellesley, Managing
Director of BMO Spend & Payment Solutions. "Together we have built a card
program that will realize potential cost savings for the Province by
streamlining their spend management functions and we're taking our card
program to the next level by having it fully integrated into their Web Portal
for employees."
    "As a result, BMO is able to improve the efficiency of routine
transactions in a common area already accessed online that minimizes steps
employees must take to use their cards and reconcile expenses. This degree of
functionality is increasingly in demand by corporate and government
organizations," Wellesley added.
    The fully integrated solution for the Province will also work seamlessly
with BMO's details Online, the bank's proprietary database for reporting,
analysis and management that enables managers of corporate card programs to
review employee spending in real time, enabling greater expense oversight,
streamlined activities, and better cash flow for their business transactions.
    "BMO has been a great partner. They helped design a highly efficient card
program that meets the Province's business requirements," said Roman Zydownyk.
"They've consistently demonstrated that they have the scale to grow with us
and can continue to help improve our operations year after year."
    BMO Spend & Payment Solutions is a Top 10 North American provider of
advanced commercial and corporate card solutions that has continued to grow
its commercial card business by partnering with large and mid-market
corporations and public agencies in a range of industries throughout North
America.
    In April, BMO Spend & Payment Solutions announced that it had expanded
its Canadian customer base in both the public and private sectors when it
reached card-issuing agreements with four new card partnerships in British
Columbia.
    "We find that public sector organizations and corporations often have
needs that intersect," said Terry Wellesley. "They want to work with a card
partner that can help them streamline purchasing and accounts payable
functions, and apply spend controls that can be easily tracked."

    About BMO Spend & Payment Solutions

    A division of BMO Financial Group, BMO Spend & Payment Solutions
(formerly BMO ePurchasing Solutions) is a leading commercial card, spend and
payment solutions provider in North America. BMO Spend & Payment Solutions'
products are widely used by Corporations, non-profit and government sector
organizations to manage, control and gain better visibility into their
commercial spending.





For further information:

For further information: For News Media Enquiries: Ralph Marranca,
Toronto, ralph.marranca@bmo.com, (416) 867-3996; Lucie Gosselin, Montreal,
lucie.gosselin@bmo.com, (514) 877-1101; Laurie Grant, Vancouver,
laurie.grant@bmo.com, (604) 665-7596; Michael G. Ettlemyer, Environics
Communications for BMO SPS, (203) 325-8772 ex. 14,
mettlemyer@environics-usa.com


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