Results are in, EMA needed!!!

A recent study from the international research firm, Aberdeen Group, found that in the next 12 months the top strategic action planned by nearly 70% of companies they surveyed is the adoption or improvement of technology to automate their expense management process.

At GlobalPoint Technologies we have seen the demand for Expense Management Automation software drastically climb over the past 12 months and with results from this study we can only expect that trend to increase exponentially. If you haven't already done so, now is the time to spool up your sales staff and make a push with ExpensePoint before your competitors beat you to the punch.

The two biggest reasons for companies wanting to improve their expense reporting process, is first to improve compliance and second that the costs to process reports are too high. The Aberdeen Group study found that companies who use automated expense management systems spend an average of $15 to process a single report while those using manual systems spend, on average, more than double at $31 per report. Clients who have implemented ExpensePoint WEB on average spend less then $10 to process an expense report which is less than one third the cost of using a manual system. If we multiply those savings by the amount of reports companies process each month, or year, we’re looking at direct cost savings which could reach well in to hundreds of thousands.

With the obvious growing need and demand for automated expense management software ExpensePoint’s reseller program shows enormous potential for sales and client growth. For more information contact Justin Gagnon, GlobalPoint’s Director of N. American Sales + Reseller Relations, today at 204-452-0127 or jgagnon@globalpointtech.com .

A New Technology for a New Year!!!

A New Years resolution for many technology buyers is to automate their business processes in order to increase productivity and save money. With the upcoming release of Vista and various other new solutions to improve business processes organizations are looking to buy these types of solutions.

ExpensePoint is just that, a solution that will save companies money while increasing productivity time for their employees and increase overall control and accountability in a business atmosphere which demands it. It is important that ExpensePoint is put in the forefront with a sense of urgancy for all solution buyers.

The question all solution buyers should be asking themselves is not, should we automate our expense reporting process, but rather, who should we automate our expense reporting process with. The easy answer is of course ExpensePoint. With ExpensePoint's low cost and ease of use we should be the solution of choice within our industry. Our list of features is continuing to grow with several new features slated to be released later this quarter.

We had a great 2006 and are looking for an even better 2007.

For more information visit www.expensepoint.com

T&E = 2nd Largest Controllable Expense

Did you know that business Travel and Entertainment (T&E) expenses are an organizations 2nd largest controllable expense after payroll? Billions of dollars are spent each year on T&E by employees on behalf of their organizations, while most of these organizations are not taking advantage of available technology to manage these expenditures. Lack of T&E policy compliance and visibility into T&E spending are the two of the biggest challenges facing corporations looking to cut costs, according to a recent study by technology research company Aberdeen.

Automating corporate travel and expense management processes provides an opportunity to reduce direct and indirect costs, driving significant savings to a company’s bottom line. The Gartner Group found that; "...a five percent reduction in operating costs in the expense management process has the same impact as a 30 percent increase in sales".

Getting past the benefits of greater corporate control, policy compliance and increased employee
satisfaction and moral, companies will also realize productivity savings with their employees spending as much as 77 percent less time preparing reports compared to when using traditional methods. This enables those employees to spend more time on the value added tasks that drive the company’s revenue.

Companies will also realize huge savings in expense report processing costs. Sophisticated expense reporting solutions completely eliminate the cost of handling and processing paper and reduce the costs associated with human error. With a customized data export file companies can completely integrate their expense reporting data in to their accounting GL and Payroll systems which reduces long hours of manual data input and again further eliminates all possibilities of human error and the costs associated with those errors.

Implementing an automated expense reporting solution will also provide companies with the tools and data necessary to reduce overall company expenditures. Savings created by negotiating rates with commonly used vendors as well as savings realized by managing and implementing policies to reduce employee overspending are significant.

By implementing an automated expense reporting solution companies will increase control, save their employees time adding to overall productivity and save direct dollars on their bottom line.

For more information visit www.expensepoint.com .

Who Needs Expense Reporting Software?

This was a question recently brought to me by a potential reseller. Meaning, who can I sell this solution to? More specifically he wanted to know what industries and what sizes of companies could they expect to sell ExpensePoint WEB to. The answer was simple; today everyone needs an expense reporting solution.

Expense reporting solutions like ExpensePoint WEBTM, have historically been marketed predominantly to organizations with traveling sales people who are consistently creating and submitting expense reports. And while those organizations are still in need of an expense reporting solution, they have become just as popular with businesses of all industries and size. No matter what type or size of industry it is, when they automate their expense report process they will save time, headaches and most importantly, money.

With the question at hand, I wanted to back up what I was telling this candidate so I decided to do some research in to GlobalPoint’s client base in order to determine which industries are using ExpensePoint and which are more prominent. I found that not any one specific industry stood out as being prominent, and I found it difficult to find an industry where we currently do not have a client. The list below is only some of the industries in which GlobalPoint currently has client sites for. GlobalPoint has installed client sites with fewer than 10 users and up to now nearly 3000 users with an unlimited potential maximum user amount, and in all kinds of industry categories.

· Construction
· Oil and Gas
· Financial Services
· Banking
· Investment Firms
· Communication
· Information Technology
· Pharmaceuticals
· Health Care
· Light Manufacturing
· Agriculture
· Forestry
· Aerospace
· Airlines
· Aircraft Maintenance
· Retail
· Wholesale

Conclusion, any business in any industry of any size needs and can benefit from an expense reporting solution. The North American expense reporting industry, in itself, has been estimated to be worth over $5 billion with only 22% of that market currently being saturated.1

For more information visit www.expensepoint.com

1. Survey of Corporate Travel Management released by American Express Consulting.

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.