WORLDSPAN and Barrington, Ill.-based Value Integrated Network, LLC (VIN.net) executed a letter of intent to integrate the VIN.net(R) travel expense management solution into the WORLDSPAN(R) for Business Travel product line.
Programming, currently being planned by the companies, will interface the VIN.net product with the WORLDSPAN Trip Manager self-booking tool for corporate travelers and WORLDSPAN’s global travel database. VIN.net will be able to electronically process the entire traveler expense reporting function through its comprehensive ability to integrate employee expense reports with an organization’s multiple departments and systems, and those of its travel partners.
In a separate agreement between VIN.net and Morris Travel Services, LLC, VIN.net became the T&E reporting system of choice for use by Morris Travel’s participating corporate customers. A growing number of its clients will also take advantage of the Trip Manager self-booking tool, a chief component of the WORLDSPAN for Business Travel product line. Morris Travel is a WORLDSPAN subscriber.
“VIN.net is an established developer of p.pless T&E management systems and was the first to provide Web-enabled software that completely supports an Internet/Intranet environment,” said WORLDSPAN Director of Emerging Markets Pat Crorkin. “The addition of VIN.net, its expertise and commitment to the WORLDSPAN for Business Travel line, further demonstrates our strategy of offering only the most advanced corporate travel solutions available.”
VIN.net facilitates real-time, high-speed communications and processing with financial institutions, corporate credit cards and travel management companies. It offers an icon-driven, Windows-based environment with drag-and- drop capabilities, self-prompting windows, and customized preference tables. Business travelers enter travel expense data and submit reports electronically, from any location. Reports may be submitted through the Internet, the company Intranet or network, or direct-dial modem. Information from reports can be imported to any internal or designated external system, eliminating the need for travelers or various departments to re-key data. Combined with prepopulation of reservations and corporate charge card data, and embedded accounting intelligence (travel policies, negotiated travel supplier rates, etc.), VIN.net capabilities significantly decrease time spent on administrative T&E functions.
“Research indicates most companies still use manual reporting systems, with the average report taking 14 to 21 days to process and costing corporations between $18.00 and $50.00,” said VIN.net Chief Operating Officer Pamela J. Furey. “VIN.net is able to deliver real-time processing at a cost of less than $3.00 per expense report. These are significant savings, considering T&E represents one of the largest controllable costs in a corporation.”
VIN.net’s two-way communications and automatic online update capabilities additionally provide travelers with new database information at log-on, and companies with instant, actual executive intelligence for gaining an accurate picture of the company’s current T&E status.
WORLDSPAN for Business Travel is a growing technology resource for corporations and their partner WORLDSPAN travel agencies. It is designed to offer a selection of best-of-breed applications designed for end-to-end business travel planning, information management and expense reporting. All products have the capability to operate within an Internet/Intranet environment, providing corporations, their employees and travel management companies maximum, integrated electronic management capabilities with minimum technical requirements.
For additional information, VIN.net can be reached by calling 847-382-8638 or by visiting their Web site at http://www.vinnet.com. Individuals wanting information about WORLDSPAN for Business Travel or the Trip Manager self- booking product can contact their WORLDSPAN account representatives or call toll-free: 800-842-7726, ext. 3468. Information on Trip Manager is accessible through the WORLDSPAN Home Page as well:
Value Integrated Network, LLC was founded in 1994 by Chief Executive Officer Vincent Kroening and Chief Operating Officer Pamela J. Furey, to design, develop and introduce the corporate travel market’s first, fully- integrated p.pless travel and expense report processing system. Headquarters are located in Barrington, Ill.
Based in Salt Lake City, Morris Travel Services, LLC is one of the United States’ top 20 full-service travel management companies.
WORLDSPAN offers a broad selection of reservations, ticketing and office automation products to the domestic and international travel industry. The company is jointly owned by affiliates of Delta Air Lines, Northwest Airlines, Trans World Airlines and Abacus Distribution Systems, the Asia/Pacific computer reservations system company based in Singapore. WORLDSPAN’s world headquarters are located in Atlanta, Ga.Details