Xcel Energy Fleet Analyst Details Successful 'P-Card' Program to Control
Field Operation Expenses

BMO Financial Group Helped Utility Leader Expand P-Card Use to the Front Lines

NAPCP 11th ANNUAL CONFERENCE, ORLANDO, FL, April 19 /CNW/ - Edward Spencer, senior fleet analyst of Xcel Energy, will share his team's successful strategy to eliminate an unruly paper trail of receipts and implement a purchasing card (P-Card) program across the utility giant's massive fleet field operations at NAPCP's 11th Annual Conference next week.

Xcel Energy faced a common dilemma shared by many organizations with a service fleet: gaining visibility and control over the significant monthly expenses to maintain a fleet of cars, trucks and vans in its expansive transportation operation. Spencer and his team tapped BMO Spend & Payment Solutions to assist in creating a P-Card program - for all of Xcel Energy's thousands of small-dollar, high-volume field transactions - to lower administrative costs and simplify expense analysis.

In this session, Spencer will share how his team drove P-Card adoption on the front lines by putting the card in the hands of the mechanic, gaining upper management buy-in and ensuring suppliers would accept the P-Cards.

    
    WHO:     Edward Spencer, Senior Fleet Systems Analyst, Xcel Energy

    WHAT:    "P-Card evolution: How your fleet operations initiatives can
             grow from the "cave man" era to the 21st century"

    WHEN:    April 20, 2010, 11:30 - 12:15 p.m. ET
             April 20, 2010, 4:00 - 4:45 p.m. ET

    WHERE:   NAPCP 11th Annual Conference - Orlando, Florida:
             http://napcp.org/
    

About BMO Spend & Payment Solutions

A division of BMO Financial Group, BMO Spend & Payment 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 and payments.

SOURCE BMO BANK OF MONTREAL

For further information: For further information: Company Contact: Ralph Marranca, BMO Financial Group, (416) 867-3996, Ralph.Marranca@bmo.com; Media Contact: Nina Gill, Corporate Ink, (617) 969-9192, ngill@corporateink.com


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