SOX Compliance Statement

Section 404 of the Sarbanes-Oxley Act states that reliable processes must be in place to ensure data accuracy. The consequences for not meeting these requirements are significant. Beyond the possibility of fines that could escalate into the millions of dollars, few public companies can afford to breach the hard won trust of their shareholders.

Although publicly held companies are subject to the requirements of Section 404, many private firms are adopting provisions to ensure their practices are consistent with what is becoming the new standard for business conduct.

By automating your organizations expense reporting process you can minimize risk by capturing the best practices of process automation while implementing the highest standard of internal controls.

How does ExpensePoint allow you to be SOX Compliant?

ExpensePoint;

• Enforces policy conformity
• Allows for audits of all transactions
• Complies with section 404 of the Sarbanes-Oxley Act
• And, allows companies to easily detect and prevent fraud

For more information visit www.expensepoint.com

ExpensePoint Reseller Program

"We are very excited about the launch of our new Reseller program and the additional revenue potential that our employee expense reporting software solution will bring to new Resellers. Employee expense report automation as an industry is exploding and is charging along at an unprecedented pace." MetaGroup Research estimates that the industry will become a $5 billion market at maturity. Currently, it is estimated that only 22% of businesses are using an Automated Expense Reporting Systems, leaving the majority of this growing multi-billion dollar opportunity up for grabs for those who join our family Certified Resellers. We have already seen great interest in our new program and have had a number of inquiries from potential resellers; mostly from vertical channel solution providers such as Payroll and HRM system providers.

As a kick-start to this program we are offering prospective Resellers with a no-fee certification process which is worth approximately $4500.00USD. We are also offering exceptional revenue opportunities and sliding scale bonuses. "We believe that corporate solution providers and systems integrators will welcome this new revenue opportunity. Being an ExpensePoint certified Reseller will not only add a potential new revenue stream for our partners but it will also strengthen their client relationships as well by providing a truly best-in-class expense report management system” said Justin Gagnon, Director, of Sales/Marketing and Reseller Relations (N.America).

GlobalPoint Technologies has been providing automated expense report management software since 2000, and maintains excellent global client relationships. GlobalPoint services client sites in Europe, Asia, South America, North America, and Australia.

It is the vision of GlobalPoint Technologies to be the pre-eminent leader in providing automated expense management solutions to corporations around the world.

GlobalPoint Technologies is dedicated solely to helping companies establish truly 'best-in-class' automated expense management programs. This is accomplished by providing customers with an opportunity to implement its world-class automated expense management solution, ExpensePoint®.

For more information on GlobalPoint Technologies and its employee expense reporting system, visit www.expensepoint.com.

ExpensePoint WEB a Hit!!!

A year after its official launch GlobalPoint's web based employee expense report software known as ExpensePoint WEB, has proven to be a big hit with its existing and ever growing client base. "To-date we have successfully converted many of our global clients to this new fully web based expense reporting system. We are very pleased to report that our clients are really enjoying all the new and improved system workflow features as well as there overall flexibility of this new fully web based system". Paul Ansloos, GlobalPoint's Director, Global Sales/Marketing and Reseller Relations.

Implementing Employee expense report automation systems is one of the fastest growing financial initiatives. Not just in North America, but these systems are gaining the attention of financial executives around the globe. "We see that offering our clients a solution that addresses key globalization type functionality such as local and international tax tracking, multiple currency tracking, multi-location management, and flexible approval workflows, all of which are absolute must-haves, of which ExpensePoint WEB certainly delivers."

GlobalPoint Technologies has been providing automated expense report management software since 2000, and maintains excellent global client relationships. GlobalPoint services client sites in Europe, Asia, South America, North America, and Australia.

GlobalPoint Technologies is dedicated solely to helping companies establish truly 'best-in-class' automated expense management programs. This is accomplished by providing customers with an opportunity to implement its world-class automated expense management solution, ExpensePoint®. For more please visit www.expensepoint.com .

Determining the Cost of Expense Reporting

To determine the cost of administering a single expense report, we should first look at the expense report cycle. The chart below breaks the cycle into three distinct elements. It is imperative for all companies to look carefully at each single element of their own expense report cycle to determine their company's processing costs.

As we have seen in most other finance and administration processes, automation is the key to obtaining process improvement and ultimately cost savings. It is inevitable that companies who implement an automated end-to-end expense management solution, and address every element of the expense report cycle will save the most amount of money than those who only partially address this expense cycle.

For more information vistit www.expensepoint.com

Out with the old - in with the new!

In our fast paced technology driven world, companies today rely on new innovative solutions to replace old 'non-value added' internal and external accounting and administrative processes. The following functions represent just a few that have greatly benefited by the emergence of new software driven solutions: human resources management, accounting, payroll, external and internal mail delivery, document and data management, inventory management, purchasing and point of sale systems. These new and enhanced software solutions have provided many corporations with the ability to automate and streamline these processes and ultimately save many thousands of dollars.

A process considered by many corporations as long overdue for change is the manual function of travel expense reporting. In our high-tech corporate environments, where technology has virtually eliminated most manual processes, we still see that when it comes to travel expense reporting, most companies still require traveling employees to manually put pen to paper and complete travel expense reports for reimbursement. As the cost of business travel continues to rise, corporations are continually looking for ways to reduce their direct travel costs. Not only are corporations trying to reduce their direct costs of travel, but they are also paying greater attention to their ability to reduce the indirect cost of travel. The largest component of indirect costs is the expense report process.

For more information on how to streamline your expense reporting process visit www.expensepoint.com.

Report On: Automated Expense Report Management

An Exploding Industry

Just a few years ago “Automated Expense Management” was a fast emerging new idea, and now today businesses are no longer just learning about expense report automation and tools like ExpensePoint®, but they are actively pursuing solutions and ready to invest into them right now.

The Automated Expense Industry is charging along at an unprecedented pace, MetaGroup Research estimates that the industry will become a $5 billion market at maturity. Currently, it is estimated that only 22% of businesses are using an Automated Expense System, leaving the majority of this growing multi-billion dollar opportunity up for grabs!

Manual Reporting – A Costly Process

It is reported that after payroll, Travel & Entertainment Costs rank as the second most controllable expense for businesses. Over $179 billion dollars is spent annually on employee-based travel and entertainment in the US and hundreds of millions of paper-based reports are filed to account for all of these expenses.

The bad news is that for those companies who have employees manually file expense reports, it can cost them up to 7.5 times more in processing time than if they used an automated expense reporting system. The good news is that now they can use ExpensePoint® and they can start saving time and money immediately!

ExpensePoint® - A Cost-Saving Solution

ExpensePoint® provides businesses with the ability to control and monitor their expenses. How?

The average cost for filing a manual report is estimated at a staggering $75.00 per report. By simply automating this process using ExpensePoint® companies can greatly reduce that cost to a mere $9.55 per report. When the savings are multiplied by the hundreds, thousands or even tens of thousands of reports being filed by each year by typical corporations, the savings are incredible.

Automating with ExpensePoint®, can reduce reporting costs by as much as 87% and could add hundreds of days in saved productivity to their traveling staff. A return on investment can be expected within one to six months, and not to mention the benefits realized in increased employee morale and satisfaction. Consider this; a company that has 100 traveling employees with each employee submitting just 1 single expense report per month could save in its first year a whopping $91,092.

The facts speak for themselves; ExpensePoint® saves time, money and adds excellent value to a traditionally non-value added process.

For more information visit www.expensepoint.com