Adelman Travel Partners with Oreceipt for First Integrated B2B Travel Management Solution; Corporate Clients Save Time and Money with XML-Based Web Services.

Business/Technology Editors

ALEXANDRIA, Va.--(BUSINESS WIRE)--Aug. 5, 2002

Adelman Travel Group, a leader in online booking and a top-30 travel management company, announced that is has partnered with Oreceipt, a company that specializes in providing eXtensible markup language (XML)-based Web services, to enable Adelman to integrate data, application, and processes with its clients. As a result of this partnership, Adelman is the first travel agency to enable its clients to access travel invoices from the Web and print and/or e-mail them to appropriate parties within their own organizations. In addition, the XML-based travel receipts, which contain actual data, enable Adelman's clients to integrate the travel data into their backend systems for expense reporting and accounting.

"In the travel industry, there's an incredible amount of data--such as client information, itineraries, receipts, and much more--exchanged between a travel agency and its clients," said Bob Chaiken, COO of Adelman Travel Group. "Our partnership with Oreceipt allows us to transfer data back and forth to our customers seamlessly in a business-to-business (B2B) fashion. For example, if a manager at one of our client companies wants a receipt to grant an approval or to send to the accounting department, or if an individual traveler needs a receipt for an expense report, he or she can simply download it from the Internet. This method is highly efficient and cost effective."

"Oreceipt provides a Web-based XML document management service that companies such as Adelman can offer to its customers," said Rahul Khona, CEO, Oreceipt. "We customize XML documents so they look exactly like the paper versions, which is useful when documents have to be processed by software applications as well as reviewed by humans. We help companies keep on top of the high costs associated with billing and data exchange and vastly improve customer satisfaction by streamlining processes."

Newport Beach-based Pacific Life, the 15th largest life insurance company in the nation and the largest private employer in Orange County, CA with over 3,700 employees, beta tested a customized version of the application. It delivers itinerary/invoices by e-mail in hypertext transport protocol (HTTP) format to the company's travel manager each morning for review. He, in turn, forwards them to the appropriate parties for approval, hence eliminating costly processing of paper and improving notification time. "In today's environment where the emphasis is on cost containment and enhancing customer service, it is crucial to streamline processing and to become more efficient," said Bill Whalen, Manager of Corporate Services, Pacific Life. "Adelman has done an outstanding job of seeking out and evaluating tools that will ultimately enhance our ability to meet today's business challenges."

About Oreceipt

Headquartered in San Jose, CA, Oreceipt provides a unique application modeling technology that transfers data based on XML, an open standard that defines data elements on Web pages and B2B documents and enables Web pages to function like database records, to a customer's application using Internet protocols such as hypertext transport protocol (HTTP), file transfer protocol (FTP), and simple network management protocol (SMTP). The technology is used to integrate a vendor's enterprise resource planning (ERP), expense management, and other applications with the applications and data of their business partners. Vendors supply customers with client-side software to add to their applications, defining business transactions and processes before the application is put into operation. Oreceipt's technology is applicable to a wide variety of industries.

About Adelman Travel Group

Adelman Travel Group, established 1985, is one of the top 30 travel agencies in the industry. With on-site locations nationwide and reservation centers in Milwaukee WI, Boston MA, and Santa Ana CA, Adelman operates onsite for over 80 corporations and institutions across the country. Adelman's specialized divisions include Corporate Travel, helping corporate clients manage the high cost of travel; Adelman Vacations, which offers exclusive vacations and packages; and Meetings & Incentives, which provides destination management services to meeting, convention, and incentive planners.

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