CyberShift’s Craig Fearon Offers Insight and Identifies Measurable Savings in Article

PARSIPPANY, N.J. (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 

 

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.