Aberdeen Group to Present on Travel & Entertainment Expense Challenges at Gelco SmartTalks Web Seminar.

Aberdeen Group Research Analyst Vishal Patel to Keynote Gelco Expense Management Web Seminar

MINNEAPOLIS -- Gelco Expense Management, a global provider of Services On Demand for expense management, is pleased to announce Aberdeen Group Research Analyst Vishal Patel will be the guest keynote speaker at the upcoming SmartTalks web seminar titled "Travel and Entertainment Expenses: Report on Challenges Companies Face" on Wednesday, November 15, 2006 at 12:00 p.m. Central Time.

The Aberdeen Group recently published a travel and entertainment (T&E) expense benchmark report based, in part, on more than 300 survey responses provided by corporate executives responsible for financial and T&E management. According to the report, the critical strategic drivers to automate or outsource T&E management include improved policy compliance, increased visibility into travel spend and reduced processing costs.

Patel and Gelco will detail each of the strategic drivers influencing enterprises to automate or outsource their T&E management, and discuss several key findings from Aberdeen's report with regard to integration, payment capabilities and audit services. Additionally, the SmartTalk web seminar will also explain best practices used by top-performing companies to achieve higher efficiency and lower costs.

With prior experience in strategic sourcing and procurement, as well as experience in finance and operations for a manufacturing company, Patel brings to this seminar a unique combination of analytical abilities, hands-on experience and a global perspective.

"The companies surveyed in our research tended to be more sophisticated expense management consumers," said Patel. "Their responses and the information discussed in this seminar will provide insight into 'best-in-class' approaches for companies considering or just beginning to automate or outsource their T&E management process. One critical finding in the report is that outsourcing the entire T&E process, including reimbursement and auditing, is something that a number of organizations are now considering."

The "Travel and Entertainment Expenses: Report on Challenges Companies Face" seminar will be webcast as part of the Gelco SmartTalks seminar series designed to provide the latest information on industry trends and best practices in T&E management to individuals responsible for their companies' financial and travel and meetings management.

According to Troy Thibodeau, vice president of marketing at Gelco Expense Management, the Aberdeen research offers valuable insights for organizations seeking improvements in this key area - typically the second highest indirect cost for an organization behind salaries. "Companies interested in deploying best practices in expense automation, can see strong industry support for outsourcing the process in order to improve policy compliance, gain deeper insight into T&E spend and reducing the overall cost of T&E and expense management." Thibodeau added.

While the Gelco SmartTalks series is complimentary, registration is required to attend. To register, please visit: www.gelcoexpense.com.

About Gelco Expense Management

Gelco Expense Management, Eden Prairie, Minn., is a global provider of Services On Demand for expense management. A division of Gelco Information Network, Gelco Expense Management is the largest provider of global expense management and reimbursement solutions processing over 100,000 transactions and making payments of $20 million per day. For more information about Gelco Expense Management, please visit the company's web site at www.gelcoexpense.com