ExpenseMatters : The Source for Expense Management

Orbitz for Business Adopts IBM’s Global Expense Reporting Solution

By on August 10, 2010 in Industry News with 0 Comments

Some big news from NBTA 2010 (@nbta).  One of the nation’s largest and most trusted travel brands, Orbitz for Business (@Orbitz), selects an alternative expense solution for their enterprise customers.  Orbitz for Business previously announced an arrangement with Rearden Commerce owned ExpenseWire about 2 years ago.  I will review what this means for all three companies in a future post.  Here are excerpts from the original press release:

Orbitz for Business Adopts IBM’s Global Expense Reporting Solution for Enterprise Customers

Integrated Solution Delivers End-to-End Travel and Expense Management


Orbitz for BusinessTuesday, 10 August 2010

CHICAGO, Orbitz for Business, the corporate travel brand of Orbitz Worldwide Inc. (NYSE: OWW), today announced it will seamlessly integrate travel reservation data into IBM’s Global Expense Reporting Solution (IBM GERS) in order to offer its corporate travel customers more flexibility and choice in how they manage and report travel expenses. The announcement bolsters the Orbitz for Business portfolio of expense management solutions at a time when chief financial officers and corporate travel managers are looking for greater integration, automation and control in how they manage travel expenses.

IBM GERS will give Orbitz for Business customers a standard, scalable expense management option that supports multiple currencies, languages and corporate cards.

Key features and functionality include:

  •  One seamless tool with real-time visibility and analysis for booking and expense data
  •  Automated credit card expense and travel reservation matching
  •  Easy-to-use interface that helps accelerate online tool adoption and reduce costs
  •  Enhanced corporate travel policy control and compliance
  •  Global coverage supported by country-level travel policies and practices

“Expense management and compliance are top of mind for Orbitz for Business customers as CFOs and travel managers remain focused on reducing costs during a recovering economy,” said Frank Petito, president, Orbitz for Business. “By adding IBM GERS to our product portfolio, Orbitz for Business customers can now combine a best-of-breed managed travel solution with a world-class expense reporting tool in order to drive compliance, adoption and cost savings while enabling their employees to travel more efficiently.”

Today’s announcement follows a recently signed agreement between the two companies whereby Orbitz for Business will continue to provide its corporate booking solution to IBM travelers across the globe.

View Full Press Release

Tags: , , ,


If you enjoyed this article, subscribe now to receive more just like it.