Farm Credit Administration Deploys Gelco's End-to-End Travel Management Solution; Integrated Solution Delivers Cost Savings and Efficiency Gains.Business Editors/High-Tech Writers RESTON, Va.--(BUSINESS WIRE)--June 5, 2003 Gelco Expense Management, a division of Gelco Information Network, the largest, most experienced provider of expense management services, today announced that the Farm Credit Administration Farm Credit Administration (FCA), an independent agency of the executive branch of the federal government that supervises and coordinates the Farm Credit System for American agriculture. (FCA FCA Abbreviation for the Free Carrier ) has deployed Gelco's end-to-end travel management solution. The integrated solution delivers immediate processing efficiencies and savings by streamlining the travel authorization The right or permission to use a system resource; the process of granting access. See access control. , procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. and fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. process. Business travel is an essential element to accomplish the FCA's mission. FCA charters, regulates and examines the Farm Credit System. The System has banks, associations and service corporations located nationwide. FCA has five field offices located in McLean, Va.; Bloomington, Minn.; Dallas; Denver; and Sacramento, Calif. The re-engineered travel management solution has streamlined the way FCA handles travel administration and is delivering measurable savings and operational efficiencies. FCA is using key components of Gelco's Expense Management solution, including Gelco Travel Manager(R) and Reservation Manager, to manage the travel authorization, reservation, voucher A receipt or release which provides evidence of payment or other discharge of a debt, often for purposes of reimbursement, or attests to the accuracy of the accounts. processing and payment as one integrated process. The Farm Credit Administration is the first federal agency to deploy Gelco's complete end-to-end travel solution. Key to the solution is the integration between Gelco Travel Manager and TRX's online booking tool, FedTrip, and their Travel Management Center, SatoTravel, a Navigant International Company. The seamless transaction process enables FCA employees to quickly navigate (1) "Surfing the Web." To move from page to page on the Web. (2) To move through the menu structure in a software application. the authorization, booking and fulfillment process all within a single environment. "Gelco enables organizations to streamline travel processing, reduce travel expenditures and deliver an improved traveler experience," said Karen Beckwith, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Gelco Information Network. "With Gelco Travel Manager and Reservation Manager agencies can seamlessly integrate the travel authorization, reservation and booking process." With the new solution, FCA travelers make their reservations online and the data is automatically integrated with the authorization. During the voucher process data is pulled from the reservation and authorization, eliminating duplicate DUPLICATE. The double of anything. 2. It is usually applied to agreements, letters, receipts, and the like, when two originals are made of either of them. Each copy has the same effect. data entry and resulting in improved consistency and data accuracy. Data is then exported into the financial management system for payment and does not require any additional data entry. With this solution, the agency has been able to reduce the overall reservation cost by 50 percent and speed the approval and reimbursement Reimbursement Payment made to someone for out-of-pocket expenses has incurred. process. The reimbursement payment is in the traveler's bank account within two days after supervisory approval. Travelers also have a split payment option: all or part of their reimbursement can be paid directly to their travel card account with the remainder being paid to their personal account. The FCA has deployed the solution in a hosted environment in partnership with the Department of Interior's National Business Center. About Farm Credit Administration The Farm Credit Administration is the safety and soundness regulator regulator, n the mechanical part of a gas delivery system that controls gas pressure that allows a manageable flow of drug vapor to escape. regulator see reducing valve. of the Farm Credit System. FCA charters, regulates and examines the 113 banks, associations and service corporations of the System that are located nation-wide. System institutions make loans to agricultural producers and their cooperatives nationwide. About Gelco Expense Management Gelco Expense Management, a division of Gelco Information Network, is the largest and most experienced provider of expense management and reimbursement programs. For over 100 years Gelco has been providing a comprehensive outsourced expense management solution to help organizations realize T&E cost savings by enforcing policy compliance, gaining processing efficiencies, and capturing comprehensive travel data for enhanced supplier negotiations and spending analysis. The Gelco solution empowers organizations with a complete suite of services for cost effective Web-based expense reporting, auditing, reimbursement, and analysis services. Gelco annually processes over $11 billion in expense payments and services for over 1400 organizations with over 2.2 million users. For more information about Gelco, please visit the company's Web site at www.gelcoexpense.com. |
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