Thursday, December 20, 2001

Kraus Industries Deploys GlobalPoint's Automated Expense Reporting Solution

Kraus Industries recently deployed GlobalPoint Technologies automated expense report solution 'ExpensePoint'. ExpensePoint will now give Kraus' traveling employees the ability to electronically file expense reports from anywhere around the globe. Approvers can now approve expense reports within seconds of receiving their employee's reports. ExpensePoint also give Kraus employees the ability to account for multiple foreign expenses in one single report, especially as employees incur travel expenses in many different European countries and as well in various parts of Asia.

"The process of filing expense reports has drastically changed", explains GlobalPoint President, Paul Ansloos. "Gone are the days when company employees wait till they return from a trip, get back to the office and put pen to paper and manually complete their expense report. Today's corporate traveler, and virtual office employee can now complete and submit their expense report electronically from anywhere around the globe. This is exactly the kind of automation corporations have been seeking for the past 5 years." ExpensePoint is an enterprise wide expense report management solution that fully automates and streamlines the expense report process. For more information on GlobalPoint Technologies and ExpensePoint please visit www.expensepoint.com

Kraus Industries is a global leader in the Alternative Transportation Fuels industry, designing and manufacturing complete refueling station packages for compressed natural gas (CNG), liquefied petroleum gas (LPG) and compressed hydrogen fuels.

Kraus equipment is installed and successfully operating around the world, in such diverse countries as China, Egypt, Turkey, Germany, Mexico, Korea and Chile. Achievements include the first and largest CNG bus stations in Mexico City, an LPG station fueling the Queen of England’s Rolls Royce, the fastest CNG dispensing installation in Europe at Mainz, Germany, and the first indoor CNG bus refueling facility in the world in London, Canada. In addition, Kraus Group has opened an office in Beijing, China.