CyberShift Featured in PayStream Advisors Travel & Expense Management Research Report

PARSIPPANY, NJ--(Marketwire - November 5, 2008) - CyberShift, a leading global provider of workforce management and expense management software and services, today announced its inclusion in PayStream Advisors' Technology Insight Series research report, "Travel & Expense Management: Leveraging Automation to Optimize Expense Management Processes." CyberShift was recognized for the innovative functionality of its mobile expense management automation (EMA) solution, Necho Expense™, and for the company's strong position in the EMA software market.

According to Charlotte, N.C.-based PayStream Advisors' research findings, EMA can decrease travel and entertainment (T&E) processing costs by more than 80 percent. The report findings reveal that the rising cost of business travel and concerns of fraud are directly contributing to the adoption of EMA solutions.

T&E related expenses -- the second largest controllable cost at most organizations -- have long been subject to management programs and automation, but more recently current travel and expense management (TEM) processes have come under renewed scrutiny for the following reasons:

--  Escalating business travel costs
--  Challenges of managing paper-based travel processes
--  Increased fraud
--  Poor spend visibility and control
--  Penalty fees incurred due to late payments
    

PayStream Advisors Research Director, Sush Koka, said, "To overcome the challenges associated with manual, paper-driven processes, organizations are adopting what we refer to as travel and expense management solutions. TEM solutions enable organizations to reduce processing costs by more than 80 percent and compress the reimbursement cycle from weeks to just a few days." Koka added, "TEM solutions such as CyberShift's Necho Expense provide solid mechanisms to proactively control costs and reduce waste and fraud through robust reporting and analytical tools."

Craig Fearon, Senior Product Director of Necho Expense for CyberShift, remarked, "PayStream Advisors' TEM report is especially timely given the current economic climate. Inevitability, times such as these force companies to consider business travel as an area for cost savings. This research reinforces that automating expense management processes will indeed reduce T&E costs in both the short and long term and help organizations control their second largest controllable cost -- business expenses."

CyberShift's expense management automation solution, Necho Expense, streamlines the entire process of employee business expenses from submission to reimbursement. Going beyond just travel and entertainment, Necho Expense can process all employee business expenses including fleet, cell phone, p-card and more.

Necho Expense can be launched directly through an organization's online travel booking system, providing users with convenient access to create expense reports. Through CyberShift's consolidated back-end reporting portal, travel booking transaction data and actual business expense data are combined and automatically matched based on a number of key parameters. This seamless integration of booking and expense data into one consolidated repository offers tremendous quantifiable benefits organizations. Necho Expense customers achieve greater control over costs, improved compliance and increased visibility into operations.

To download a copy of PayStream Advisors' research, "Travel & Expense Management: Leveraging Automation to Optimize Expense Management Processes," visit http://www.cybershift.com/TEMReport/.

About PayStream Advisors, Inc.

PayStream Advisors delivers unbiased, third-party market trend information, assessments of financial automation technology, and innovative ideas to business leaders in accounts payable and accounts receivable, healthcare, consumer billing, finance and treasury. For more information, visit www.paystreamadvisors.com.

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.