Runzheimer International
Runzheimer Park
Rochester, WI 53167-0009
262-971-2200
800-558-1702 (U.S.)
800-263-8762 (Canada)

SVB Financial Group Looks to Runzheimer International to Provide Best in Class, Fully Outsourced, Travel Intelligence Service


 

July 10, 2006

Runzheimer International, a firm specializing in employee mobility solutions, announced that SVB Financial Group Silicon Valley Bank (SVB), a provider of diversified financial services, has selected Runzheimer to provide travel management information services via Runzheimer Travel Source™, powered by TravelMaster. Runzheimer Travel Source™ is an industry leading web-based solution providing organizations with real-time travel spend information along with the power of Runzheimer benchmarking data. Runzheimer hosts the technology created by Tri-Pen TravelMaster Technologies, LLC, making the service available to clients on a completely outsourced basis.

“Because this solution uses real-time corporate card data feeds in addition to agency booking data, companies can access their entire corporate travel spend from a single source, even spend information for travelers not utilizing the companies’ preferred agency,” said Everette Fernandes, Director of Travel Management Services at Runzheimer International. “This feature, along with the ability to pro-actively monitor traveler policy compliance before trips are taken and to benchmark results against Runzheimer metrics, will enable companies to achieve the best possible performance out of their travel program.”

SVB Financial Group was particularly impressed with the ability to benchmark agency data against Runzheimer metrics. Terry LaRock, Vice President and Group Manager of the Corporate Purchasing/Travel department at SVB Financial Group states, “We are delighted to be working with Runzheimer. We were attracted by Runzheimer Travel Source’s unique auditing and benchmarking functionality as well as Runzheimer’s longstanding reputation as a service provider and unbiased leader in providing travel management services to clients. We are looking forward to have real-time data to manage our hotels, air contracts and unused airline tickets. We will also be able to automate our Hotel RFP process with this new tool.”

                                           

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About Runzheimer International
Founded in 1933, Runzheimer International serves 60 percent of the Fortune 500. Recognized for providing innovative solutions relating to total employee mobility, Runzheimer is the global leader in business vehicle reimbursement programs, travel management consulting, employee relocation and compensation, virtual offices, and corporate aircraft.

For more information, contact Jennifer Ruppel at Runzheimer International, Runzheimer Park, Rochester, Wisconsin 53167, 262.971.2271, jmr@runzheimer.com, www.runzheimer.com