July 21, 2006
Together with DATABASICS, a leading provider of T&E software services, Runzheimer International has recently released a cutting-edge expense management solution that integrates expense reporting capabilities with Runzheimer’s renowned benchmarking data. With Runzheimer T&E Services, organizations now have an easy and cost-effective solution to implement travel policies based upon accurate, geographic travel cost information.
Full integration with Runzheimer’s Travel Management Network (TMN) data delivers the business intelligence that is necessary in order to effectively identify expense outliers and improve budgeting as well as program management. T&E Services offers flexible policy enforcement, giving clients the ability to customize spending limits by employee, department, expense type, or project type against integrated Runzheimer metrics. Audit reports can be generated to monitor airfare, lodging, meal, and car rental cost. Outlier threshold can also be adjusted as a percentage against benchmarked data, allowing the administrator flexibility in researching cost outliers and cost savings as a variance percentage.
Organizations realize that in this very competitive, fast pace, and always changing business environment the only thing that will help them gain a competitive advantage over their competitors is how quickly they respond and adapt to change. Runzheimer T&E Services equips organizations with a revolutionary tool to effectively manage expenses, increase productivity, and improve internal controls. With this leading-edge technology, businesses can effortlessly control expenses and remain competitive by being aware of, and responding to changes in financial conditions.
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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
