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Gelco Expense Management— News and Events: Press Releases

Gelco Press Releases

Recent announcements and news.

Gelco Expense Management and Travelocity Business Align to Deliver Unified Insights into Travel Spend

Leading service providers to integrate travel and entertainment (T&E) expense data for reporting

MINNEAPOLIS, July 24, 2007— Gelco Expense Management, the leader in Services On Demand for global expense management, and Travelocity Business(R) today announced an agreement to integrate TBiz booking data into Gelco’s ExpenseLink on-demand expense management solution.

The decision to integrate is a natural extension of the companies’ joint focus on championing clients’ efforts to use actionable intelligence to increase policy compliance, reduce travel costs and simplify travel and entertainment (T&E) procurement and reimbursement processes for both the employee and the travel program manager. This relationship builds upon existing integration efforts Gelco and Travelocity have been pursuing in the government sector.

Gelco and Travelocity Business clients will be able to capture data and expenses booked through TBiz’s online booking tool or travel agents, matching the booked data with actual spend. By automatically comparing booked to actual data, financial and travel managers gain easy access to meaningful information that their organizations can use to improve travel program management.

“The ability for travel managers to quickly retrieve reports that show booked versus actual data presents a host of savings opportunities for corporations. Travel managers can gain insight into online adoption strategies, policy compliance and cost control, ” said Joel Bailey, director of fulfillment products and services for Travelocity Business. “The integration with Gelco gives our clients actionable information they need to effectively manage their travel program.”

According to Brian Provost, chief operating officer for Gelco Expense Management, the Gelco and Travelocity Business relationship is a natural extension of the company’s alliance strategy to work with best-in-class partners to provide holistic solutions to clients.

“Gelco’s alignment with Travelocity Business furthers our vision to provide clients with an effortless T&E expense management program, ” said Provost. “Automating data integration between the two sources lets clients focus more on improving travel initiatives, and spend less time on managing the processes.”

About Travelocity Business
Travelocity Business is a full-service corporate travel management company that helps companies easily manage travel and reduce costs, while providing more choices to travelers. Travelocity Business leverages its own innovative technology to streamline travel processes, and complements this with experienced corporate travel agents, strategic account managers and in-depth consulting services. Travelocity Business combines the expertise, service and travel choices of Travelocity with corporate experience gained from serving more than half of the Fortune 200 companies. For more information, companies can visit www.travelocitybusiness.com. Sabre Holdings Corporation is a world leader in travel commerce, retailing travel products and providing distribution and technology solutions for the travel industry. More information about Sabre Holdings is available at http://www.sabre-holdings.com.

About Gelco Expense Management
Gelco Expense Management, Eden Prairie, Minn., is a full-service provider of Services On Demand for global expense management. A division of Gelco Information Network, Gelco Expense Management is the largest provider of global expense management and reimbursement solutions processing over 100,000 transactions and making payments of $20 million per day. For more information about Gelco Expense Management, please visit the company’s Website at www.gelco.com.

For more information, please contact:

Jodi Lebow Gelco Expense Management
(952) 947-1574
jodi_lebow@gelco.com

  
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