Automation Slashes Processing Costs by 80 Percent or More

November 10, 2004 Charlotte , NC – PayStream Advisors, Inc. announces the release of its corporate insights report titled Travel & Expense Management: A Buyer's Guide to Expense Reporting Automation Solutions. In addition to highlighting the growing popularity of Travel and Expense Management (TEM) solutions, this report provides information about vendors and solutions that managers can explore to streamline their TEM process. The report concludes with analytical insights to help managers compare automation solutions across different vendors and solutions to identify the one that best suits their organizations' requirements. The following vendors have been profiled in the report: Ariba, Concur, Geac, Gelco, Necho, SAP and VCOM.

According to Sush Koka, Sr. Analyst, “Companies who automate the TEM process can slash the cost of processing an expense report by 80 percent or more and reduce a company's reimbursement cycle from weeks to a matter of days.” Enbridge Corporation, the world's largest crude oil and liquids pipeline system, for example, used a TEM solution to reduce the average cost of processing a report from $75 to just $35.” Though adoption of TEM solutions has largely been limited to Fortune 1000 companies, the trend is rapidly trickling down to smaller companies as they begin to comprehend the benefits of automation – lower administrative costs, better regulatory compliance and happier employees.

PayStream Advisors periodically hosts Web seminars to educate corporate managers about how financial automation tools can be used to reduce costs, improve efficiency, and enhance service. To find out how you can attend a complimentary Web seminar about this report, please call (704) 523-7357 extension 225 or visit paystreamadvisors.com.

About PayStream Advisors, Inc.

PayStream Advisors is a technology research and consulting firm that improves the way organizations plan, evaluate, and select financial automation technologies to achieve their business objectives. PayStream Advisors assists clients in sorting through the growing complexities of IT applications related to financial automation with the goal of making objective, analytical, and actionable recommendations. Our clients include leading organizations in the services, information technology, utility, manufacturing, and public sectors. Wherever financial automation technology is an issue, PayStream Advisors is there to help. For more information, call (704) 523-7357 or visit us on the Web at paystreamadvisors.com .