Integration with IBM, Data Basics, ExpenseWatch.com, ExpenseWire and
SutiSoft Helps Companies Actively Manage and Control T&E Spend
WASHINGTON, Feb. 17 /PRNewswire/ -- Egencia(TM) today announced expansion
of its open T&E management platform integration. Supported by travel data
integration with IBM's Global Expense Reporting Solutions (GERS), Databasics,
ExpenseWatch.com, ExpenseWire and SutiSoft, the new linkages will help
organizations more actively manage and process expenses, identify leakage and
detect and prevent fraud. It also allows businesses to work within a T&E
framework that best fits their individual needs. This release builds on T&E
integration capabilities first announced in Europe in November 2008.
"Now more than ever, it's incredibly important for companies to be able
to mine their travel program for additional efficiencies and savings," said
Simon Tam, Egencia Senior Vice President of Product and Technology. "The
expansion of our global T&E platform means that businesses will be able to
choose from a range of powerful solutions to manage and control spend. We're
pleased to collaborate with companies such as IBM, Databasics,
ExpenseWatch.com, ExpenseWire and SutiSoft."
IBM GERS, Databasics, ExpenseWatch, ExpenseWire and SutiSoft will
complete their integration in the near term, making their solutions available
to Egencia clients. Companies in Europe are already realizing the benefits of
Egencia's open T&E platform through partners ETAP-ON-LINE and DIMO Gestion.
Though specific features depend on the individual expense management
partner and client needs, the platform allows companies to:
-- Pre-populate expense reports with booking data, enhancing accuracy and
saving the traveler significant time when filing expenses.
-- Easily view what is booked versus what is expensed, to help travel
buyers better prevent and detect fraud. Expense-related fraud is the
second largest category of cash fraud after billing schemes, with a
median loss caused from T&E fraud of $25,000.(*)
-- Review T&E expenses based on travel policy. While approving expense
reports, managers can monitor if a traveler books out of policy and
associated reason code for doing so.
Egencia's open T&E integration further reinforces the company's open
ecosystem strategy, which aims to allow easy integration into any corporate
network or enterprise system. The company already offers an automated data
management tool for profile synchronization with data from HR and ERP systems
and single sign-on integration for a seamless link between Egencia and any
NOTE: Partners IBM (www.ibm.com), DataBasics (www.data-basics.com),
ExpenseWatch.com (www.expensewatch.com), ExpenseWire (www.expensewire.com),
and SutiSoft (www.sutisoft.com) are available for comment.
About Egencia, an Expedia, Inc. Company
Egencia is the fifth largest travel management company in the world. As
part of Expedia, Inc., (Nasdaq: EXPE), the world's largest travel marketplace,
Egencia helps business get ahead by offering the only truly integrated
corporate travel service. Egencia's industry expertise helps drive results
that matter, delivering meaningful advancements that have a real impact. By
combining a powerful offline and online service, Egencia delivers a complete
corporate travel offering supported by global market expertise and a
best-in-class technology platform.
For more information, go to Egencia.com
Egencia and the Egencia logo are either registered trademarks or
trademarks of Expedia, Inc. in the U.S. and/or other countries. Other logos or
product and company names mentioned herein may be the property of their
(C) 2009 Egencia, LLC. All rights reserved. CST # : Egencia 2083922-50
/ Expedia Inc. 2029030-40
(*)ACFE 2006 Report to the Nation on Occupational Fraud & Abuse. This
study is based on data compiled from 1,134 cases of occupational fraud that
were investigated between January 2004 and January 2006. Information from each
case was reported by a Certified Fraud Examiner who investigated the case.
For further information:
For further information: Lauren Berg of Edelman, +1-312-233-1390,