Comdata, Constructware Announce Best-in-Class Purchasing Card Process; New alliance between industry leaders provides seamless flow and control of construction purchasing process.BRENTWOOD, Tenn. & ATLANTA -- Comdata Corporation, a leading provider of electronic payment solutions, and Constructware, a leading provider of communication and collaboration software See collaborative software. solutions for the design and construction industry, announce the integration of Comdata's BusinessLink suite of payment products with Constructware's Cost Management functionality for seamless project management that tracks, reports and controls expenditures in significantly less time through a project-specific credit card. Constructware will offer the Comdata-integrated corporate payment card as a standard feature to its existing clients as well as to new customers. Using Comdata's BusinessLink platform, Constructware customers can streamline the field purchasing process Purchasing Purchasing is the formal process of buying goods and services. The Purchasing Process can vary from one organization to another but there are some key elements that are common throughout The process usually starts with a 'Demand' or requirements common to all construction projects while increasing visibility into the organization's overall project spend. Additionally, the Comdata BusinessLink application helps reduce the cost and risk associated with managing discretionary business expenses like purchasing, travel & entertainment, fleet fueling and even payroll delivery. The BusinessLink platform also gives companies the ability to control card use according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. their business rules in a real-time environment. These purchasing cards A Purchasing Card is a form of company credit card that allows goods and services to be procured without utilising a traditional purchasing process. Purchasing Cards are usually issued to employees who are required to operate within a set of company rules and guidelines which can be restricted to specific uses--and users--in compliance with company policy at the point of purchase, prior to receipt of invoice An itemized statement or written account of goods sent to a purchaser or consignee by a vendor that indicates the quantity and price of each piece of merchandise shipped. A consular invoice is one used in foreign trade. or expense report. "This offers a solution to one of the biggest issues facing senior project managers and CFOs in this industry--what is my cost exposure out in the field at any given time?" Brian Moore Brian Moore may be:
"The alliance with Constructware is a perfect fit. It marks the first integration of Comdata's BusinessLink platform in the construction industry," Brett Rodewald, Comdata executive vice president and general manager for transportation services, said. "In effect, this creates seamless control over a project's cost sheet. BusinessLink brings the tracking, reporting, and customer service necessary to significantly enhance the cost management process for construction operations." About Constructware(R) Constructware, founded in 1994, is a nationally recognized leader in developing practical technology solutions for the U.S. construction industry. Our clients include constructors, construction managers, engineers, architects and owners in all major vertical market segments of the construction industry. Constructware is the most widely used project collaboration application among contractors of all sizes and types in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , with double the market share of its nearest competitor, according to the 2004 "IT Survey for the Construction Industry" published by the Construction Financial Management Association, Princeton, NJ. More information at http://www.constructware.com/. About Comdata Corporation Comdata(R) Corporation (www.comdata.com) is a leading business-to-business issuer and processor of payment cards, primarily in the retail and transportation industries. Comdata's range of products and services include fleet, fuel, purchasing, T&E, payroll/reimbursement, EBT EBT See: Earnings Before Taxes , gift and loyalty cards and processing. A full-service merchant processor, Comdata's platforms support both its proprietary card networks as well as processing for any card tender a merchant may accept. Headquartered in Brentwood, Tenn., Comdata employs more than 1,500 people nationally and internationally. Comdata is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Minneapolis-based Ceridian Corporation (NYSE NYSE See: New York Stock Exchange : CEN CEN - Conseil Européen pour la Normalisation. A body coordinating standardisation activities in the EEC and EFTA countries. ). |
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