Today’s new communication
and information technologies have broken down barriers and paved the way for global trade. Cultural and legal differences still exist but, increasingly, geographic boundaries are becoming less relevant as companies refuse to let borders limit their
markets. Gelco Expense Management is in perfect sync with this continuing trend. With each new enhancement, our expense management solution is breaking down more barriers to global expense management and providing an increased level of global support. Our comprehensive, outsourced solution gives you all the tools you need to manage your travel expense programs throughout the world.
One World View
Gelco’s global capabilities help consolidate the international travel expense reporting process for your entire company. Through a single solution, we can handle the reporting and reimbursement needs for your entire organization, domestically and internationally. As a result, your program administrator has greater visibility and more centralized control over all travel expense operations. That means lower costs and higher investment returns with fewer out-of-compliance reports, less time-consuming exception research, and more efficient VAT reclamation. Yet, even with this higher level of centralization, your travelers will continue to be reimbursed faster and, should you choose, in their local currency.
Get the Rebate You Deserve
We recently expanded our global capabilities through a partnership with Corporate VAT. Under this alliance, companies can cut the costs and boost the return on their international travel expenses through more efficient VAT reclamation. Unlike other solutions, the Corporate VAT/Gelco solution is fully automated. As a result, you get the VAT rebate you deserve without the time-consuming, expensive, and complicated research and paperwork.
Travelers simply submit their reports and receipts. Gelco handles the expense reports and receipt management and forwards the international expense report data to Corporate VAT for analysis. Corporate VAT examines the expense reports, flags the eligible VAT taxes, collects the required receipts from Gelco, completes the country-specific VAT forms, and submits the reclamation requests to the appropriate country’s tax ministry within the mandated filing period. For more information about this joint Gelco/Corporate VAT service, see the newsletter article, Get the Tax Break You Deserve.
Easier Country-by-Country Support
Even the New ExpenseLink Release Debuts makes it easier to support the travel expense management needs of the global enterprise. The new, tiered ExpenseLink architecture separates the solution’s interface and business logic layers so your administrators can create separate instances and standards for each region. This means administrators can define unique travel procedures, profiles, and processes that address the legal, business, currency, and cultural aspects of each region.
The New ExpenseLink Release Debuts also gives the traveler and administrator more payment flexibility. Through the centralized administration portal, the administrator can set up the system to automatically calculate exchange rates and make payments to the traveler in whichever currency the traveler or company prefers.
In today’s business world, companies are not willing to let international borders limit their markets. With Gelco Expense Management, you can make sure your international travel and expense management solution isn’t limited either.
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The new ExpenseLink—a travel administrator’s dream come true |
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© 2003 Gelco Expense Management All rights reserved.
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