Brentwood, Tenn., and Conshohocken, Pa. – January 9, 2007 – Comdata® Corporation and ExpenseWatch.com have formed a technology alliance that provides small and midsized companies comprehensive tools for end-to-end operating expense management.
Using the Comdata Card program, companies can apply numerous controls before company money is spent. Once the card is used, the transactions are sent electronically to the ExpenseWatch.com service bringing complete automation to purchase requisition, expense report and invoice approval processes.
All corporate card transactions can then be documented and company spending policies can be applied and enforced. Real-time visibility of data delivers key business intelligence for superior decision making and business performance.
The two companies plan to more tightly integrate their technology. A combined launch is expected during the first half of 2007.
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ExpenseWatch.com provides on-demand operating expense controls for small-to-midsized businesses. Customers automate expense controls with modules for travel and entertainment, purchasing and invoice management that stand alone and work together as a fully integrated suite. Currently thousands of people in more than 15 countries are using the ExpenseWatch.com service. ExpenseWatch.com can be reached at 866-399-2824.
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Comdata® Corporation (www.comdata.com) is redefining the movement of money and information through innovative payment solutions. Comdata provides custom solutions for a wide range of industries such as transportation, retail, government services, aviation, construction, service businesses, restaurants and hospitality. Innovative electronic payment solutions range from credit and debit cards, gift and loyalty cards, fleet, fuel, payroll, purchasing and T&E. As a full-service merchant processor, Comdata’s platforms support both its proprietary and branded card networks, as well as card processing for all card types. Headquartered in Brentwood, Tennessee, Comdata employs more than 1,600 people worldwide. Comdata is a wholly owned subsidiary of Minneapolis-based Ceridian Corporation (NYSE: CEN).
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Ceridian Corporation (NYSE: CEN) is an information services company serving businesses and employees in the United States, Canada and Europe. Ceridian is one of the top human resources outsourcing companies in each of its markets, and offers a broad range of human resource services, including payroll, benefits administration, tax compliance, HR information systems and employee advisory programs. Through its Comdata subsidiary, Ceridian is a major payment processor and issuer of credit cards, debit cards and stored value cards, primarily for the trucking and retail industries in the United States. www.ceridian.com