Webcast will Detail Benefits of Integrating Travel, Corporate Card, and Expense Data
Reston, Virginia - October 21, 2010:DATABASICS and Cornerstone Information Systems today announced a solution to automate the reconciliation of corporate “ghost card” data, which is one of the most dreaded and time-consuming travel and accounting requirements. This DATABASICS solution will leverage Cornerstone data to completely eliminate corporate resources from the reconciliation process and introduce transparency into a company’s ghost card practices.
Available immediately for joint DATABASICS Expense Reporting (1) and Cornerstone iBank (2) customers, the new solution gives enterprises the flexibility to seamlessly match ghost card travel transactions with the proper traveler, allowing for a detailed association in the expense report of the transaction. Once transactions are matched in the expense reporting solution, standard reports can be generated to reconcile and analyze ghost card transactions.
“Most companies have no visibility into the individual details of a ghost card statement, which is critical for agile enterprises to operate effectively and efficiently,” said Alan Tyson, DATABASICS CEO. “With Cornerstone, we can instantly take bulk, non-descript, transactions of the ghost card and associate all the details companies require. This is of great value to corporations directly, and to the TMCs that support them.”
“Our corporate customers face the daunting challenge of ghost card reconciliation every day. It is a labor intensive and costly task that must be done. The integration of Cornerstone and DATABASICS technologies enables the seamless merge of the critical data and significantly streamlines the process of identifying and appropriately allocating travel expenses,” said Alan Minton, Cornerstones’ Senior Vice President.
DATABASICS and Cornerstone will present a webinar for travel and accounting personnel on the value of ghost card reconciliation on October 28 at 1:00pm EDT and November 2nd at 10:00am EDT. To register and learn more about the webcast, visit www.ciswired.com/DATABASICS.
About DATABASICS
DATABASICS Expense Reporting is the expense management solution for the agile enterprise. First introduced in 1997, DATABASICS Expense Reporting is the industry’s most comprehensive, flexible, and fully-integrated expense reporting solution available.
DATABASICS products are used across many industries including high tech, financial services, healthcare, manufacturing, government, and defense, enabling organizations to significantly increase efficiency and profitability by reducing the time and overhead costs of managing travel expense policies. For more information, visit www.data-basics.com.
About Cornerstone
Cornerstone is a technology and professional services company helping more than 550 travel management companies, corporate travel departments, and online travel agencies work more efficiently and more profitably. Founded in 1992, Cornerstone has specialized in creating innovative applications that automate many of the most complex and time-intensive aspects of the reservation management process. Cornerstone is a privately held company based in Bloomington, Indiana with personnel in nine locations worldwide. More information is available at www.ciswired.com
Media Contacts:
Alan Minton
Cornerstone Information Systems
+1 (812) 269-0014
Contact:
Candice Perodeau
Rainier Communications (for DATABASICS)
+1 (508) 475-0025 x112
(1) www.data-basics.com/products/expensite/expense-reporting-options
(2) www.ciswired.com/index.html?P=iBank