News Releases
The partnership with CyberShift tackles a fundamental challenge in managing travel expense – getting employees to submit accurate and timely accounts of what they have spent. By combining BMO’s corporate card solutions with CyberShift’s best-in-class expense management solution, employees can significantly reduce the time and effort required to complete their expense reports. This timely submission of expense reports drives immediate improvements in an organization’s ability to quickly and accurately monitor and control travel expenses.
“Organizations realize that employee travel is an essential part of doing business but with every trip comes a complex series of expense reports,” said Terry Wellesley, Managing Director, BMO Spend & Payment Solutions. “Our card program coupled with CyberShift’s automated expense management solution, gives employees, managers and organizations a sure-fire vehicle to submit, approve, certify and receive reimbursement in record time.”
BMO’s expansive T&E card program gives organizations control over their cost centres and provides employees a way to make payment without reaching into their wallets. BMO card customers can now offer their employees a way to submit expenses from the road – speeding the time to reimbursement, a benefit that should help accelerate the adoption of card use for everything from hotels and restaurants to taxis and client entertainment expenses.
Employees can create expense reports on their smart-phone devices, submitting the report to managers in an easy-to-read and easy-to-approve format. The solution automatically populates the expense report with card data – airline charges, hotel folio data, restaurants and taxis – eliminating the need for paper receipts. Any cash expenditures can be captured using a digital scanning system.
“As the newest member of BMO’s Business Travel Alliance, our powerful integrated expense management solution gives organizations a way to effectively manage expenses with the employee’s well-being front of mind,” said Robert Farina, CEO, CyberShift, Inc. “Providing employees with a quick and easy tool to file expense reports not only results in increased individual productivity and satisfaction, but also gives organizations immediate visibility into business travel expenses. With this data, organizations are better positioned to manage and control their employee business expenses.”
About BMO Spend & Payment Solutions
A division of BMO Financial Group, BMO Spend & Payment Solutions is a top ten commercial card provider and a leading provider of spend management solutions in North America. BMO products are widely used by corporations and government sector organizations to manage, control and gain better visibility into their commercial spending. Through Harris N.A., a Midwest-based and wholly owned subsidiary of BMO Financial Group, BMO Spend & Payment Solutions offers a comprehensive range of financial products and services to U.S. public and private sector organizations.
BMO Financial Group is one of the largest providers of diversified financial services in North America with total assets in excess of $430 billion.
About CyberShift
CyberShift, Inc. is a leading provider of workforce and expense management software and services focused on helping mid-sized to large, complex organizations improve organizational performance and profitability. Through its integrated Workforce Management 3G™ suite, which includes time and attendance, advanced scheduling and reporting and analytics, companies can more effectively plan, manage and deploy their workforces, reduce costs and improve processes across business operations. CyberShift Expense™ automates the processing and facilitates the management of employee business expenses such as travel and entertainment and helps companies improve compliance, enforce expense policies and procedures and increase visibility into operations. Offered in both traditional license fee and Software-as-a-Service (SaaS) delivery models, CyberShift’s innovative solutions have been awarded U.S. and Canadian patents. CyberShift is the first enterprise-class workforce and expense management solution provider to enable support for the BlackBerry® platform. To learn how CyberShift’s solutions can help your organization, contact CyberShift by calling (877) 274-4381 or visiting us atwww.CyberShift.com.
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