American Accounts Payable Association's Inaugural Online Publication Features Article From CyberShift Expense Management Automation Expert
CyberShift's Craig Fearon Offers Insight and Identifies Measurable Savings in Article on Automating Employee Business Expense Reporting and Reimbursement Process
| Source: CyberShift
PARSIPPANY, NJ--(Marketwire - April 2, 2008) - CyberShift, a
leading global provider of workforce management and expense management
software and services, today announced that the American Accounts Payable
Association (AAPA) is featuring an article written by Craig Fearon,
senior product director of Expense Applications for CyberShift, in their
inaugural publication, AP Journal Online. The AAPA is part of the American Payroll Association
(APA), the nation's leader in payroll education since 1982.
In the article entitled, "Automating Your Travel & Entertainment Expense
Reimbursements, A Business Trip You Will Want to Take," Fearon says
implementing an Expense
Management Automation (EMA) solution can help an organization achieve
greater control over costs and make a direct impact on their bottom line.
By automating travel and entertainment (T&E) expense submission, approval,
audit, and reimbursement processes, companies can gain valuable insights
into business expenses, spending patterns, compliance with corporate
policies, and preferred suppliers.
Fearon says that expense automation dramatically reduces the cost of
processing expense reports manually and increases employee satisfaction by
shortening reimbursement cycles. Other reasons why an organization should
automate their business-expense management processes include real-time
information to managers; a mechanism for the approval and audit of T&E
expenses and other business expenses relative to corporate governance and
financial reporting requirements such as Sarbanes-Oxley; to help approvers
and auditors detect "padded" expense reports and cases of abuse; and, to
achieve greater control over bottom-line costs much easier than in a
paper-based environment.
Dan Maddux, executive director of the American Payroll Association, says,
"AP Journal Online articles and columns focus on practical solutions to
ongoing challenges and the most up-to-date news, emerging trends, best
practices, and professional standards for accounts payable professionals."
He added, "Expense management is a critical component of the accounts
payable function and Craig's expertise in this area provides valuable
insight and advice to professionals in the field."
To access Fearon's article at AP Journal Online, go to
http://www.apjournalonline.org/2008/Mar/reimburse.aspx.
About CyberShift
CyberShift, Inc. is a leading provider of workforce management 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, absence
management and reporting and
analytics, companies can more effectively plan, manage and deploy their
workforces, reduce costs and improve processes across business operations.
CyberShift's Necho Expense automates the processing and facilitates
the management of employee business expenses 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. More information can
be accessed at www.CyberShift.com.