Portable Software Corporation, the worldwide leader in travel and entertainment (T&E) expense management and makers of the Xpense Management Solution(TM) (XMS) — the leading client/server travel expense management software — today announced that it has been selected by Citibank Commercial Cards as a recommended provider of T&E expense management software to Citibank’s corporate card customers around the world. The combined services work to bring corporate customers the ability to reduce T&E costs, which typically represent a company’s third largest controllable cost.
Portable Software’s Xpense Management Solution is the first choice of Fortune 1000 and multinational companies for travel expense automation. XMS(TM) is an integrated enterprise-wide solution that dramatically reduces travel and entertainment costs by automating the entire expense management process — from expense report preparation, approval, and processing through systems integration and data analysis. With XMS, preparing expense reports is easier and business travelers are reimbursed faster. Accounting is more productive because expense reports are delivered on-line and automatically link to financial systems. With robust expense data easily accessible, management can analyze T&E spending and negotiate better vendor rates. Moreover, XMS seamlessly integrates with existing and future corporate charge cards and financial, travel, and operating systems.
Citibank, the leading provider of consumer credit cards worldwide, is also a top issuer of commercial cards to the corporate marketplace. Citibank Commercial Cards enables its customers to increase productivity while maximizing payment reengineering benefits. Citibank’s partnership approach with its clients provides unparalleled support from program implementation to full company-wide roll out and ensures corporate objectives are achieved. With this team approach, clients can also benefit from Citibank’s expertise in bankcards, cash management, technology and global service delivery.
“Citibank Commercial Cards works hard to offer our customers complementary tools to increase their corporate payment productivity,” explained Marlene Lieberman, a vice president with Citibank’s Commercial Card Services division. “We found XMS to be the most effective expense management solution in the market and believe that Portable Software provides the best match for further enabling our corporate customers to maximize payment reengineering benefits.”
“Both Portable Software and Citibank are committed to servicing customers with leading business solutions,” said Fred Ingham, Portable Software’s vice president of business development. “We are pleased that this leading corporate card issuer has chosen to extend its offerings with the leading T&E expense management solution.”
Citibank Commercial Cards has headquarters in New York and offices across the United States. With Citibank’s global reach, its commercial cards’ clients have worldwide options for corporate card issuance with detailed reporting.
Since 1993 Portable Software Corporation has been developing and marketing travel and entertainment automation software and services that serve the entire enterprise, from business travelers to corporate accounting departments. Its flagship product, the Xpense Management Solution (XMS), has been chosen by more Fortune 1000 and multinational companies for enterprise-wide T&E expense automation than any other travel expense solution. As the recognized worldwide leader in T&E expense automation, Portable Software has already automated travel expense management processes in over 250 companies around the world. Portable Software Corporation is headquartered in Redmond, WA, USA with offices in Boston, Hartford, New York, Newark, Philadelphia, Washington DC, Atlanta, Toronto, Detroit, Chicago, New Orleans, Minneapolis, Dallas, Los Angeles, San Francisco, Seattle, and London. For more information on Portable Software Corporation, contact the company at 14715 N.E. 95th Street, Redmond, WA 98052. Or call: 425/702-8808; or the toll-free number: 800/478-7411; or fax: 425/702-8828; or reach Portable Software Corporation via the World Wide Web at [www.xpense.com] . Portable Software UK Limited, the European headquarters for Portable Software, can be reached by phoning: 44-171-329-2981.
Xpense Management Solution, XMS, and QuickXpense Enterprise are trademarks of Portable Software Corporation. All other company or product names are trademarks and/or registered trademarks of their respective owners.