e-Travel Completes the Enterprise Travel Management Puzzle; Oracle Subsidiary Redefines B2B Arena for Corporate Travel Services With Latest ETM Suite.Business/Technology Editors LOS ANGELES--(BUSINESS WIRE)--July 31, 2000 e-Travel, Inc., 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 Oracle Corp., announced a major business travel technology industry shift, today unveiling new components of its Enterprise Travel Management (ETM (database) ETM - An active DBMS from the University of Karlsruhe. ) suite to attendees of the National Business Travel Association (NBTA NBTA National Business Travel Association NBTA National Board of Trial Advocacy NBTA New Brunswick Teachers Association NBTA National Baton Twirling Association NBTA National Basketball Trainers Association NBTA National Bus Traffic Association ) annual convention in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , California. With the release of these new components, e-Travel provides the most comprehensive solution available for enterprise travel management. The components of the e-Travel ETM suite include a 100 percent Internet-based administrative module, synchronization with human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. modules, integration with enterprise workflow systems and the latest version of e-Travel Intelligence(SM). e-Travel continues to set the bar for the industry, leading the evolution from online booking to direct links and now to complete enterprise travel management. Existing legacy travel management systems, including the Global Distribution System (GDS GDS Global Distribution System GDS Google Desktop Search (Google) GDS Goodie Domain Service (Vienna University of Technology, Austria) GDS Guards ), limit access to information, require costly time-consuming data synchronization Keeping data in two or more computers up-to-date so that each repository contains the identical information. Data in handheld devices and laptops often require synchronization with the data in a desktop machine or server. and consolidation, needless re-keying of information, and ultimately prevent corporations from exercising significant control over spiraling travel costs. Enterprise Travel Management closely aligns the corporate travel function with other corporate functions, including procurement of direct goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. , and brings market efficiencies to the travel procurement process. "Corporate travel professionals understand how travel management must fit into their existing technology infrastructure," said John Ackermann, 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. of e-Travel, Inc. "Enterprise Travel Management connects corporate travel buyers directly with travel suppliers, integrates a comprehensive travel management system with key e-business and enterprise technologies, and increases the flow of information throughout the global organization." e-Travel's comprehensive solution for ETM includes direct links between travel buyers and travel suppliers, integration between travel management system components - travel planning and purchasing, meeting and event management, expense reporting and travel reimbursement, and business intelligence - and integration with enterprise modules and technologies, including human resources, procurement, business intelligence, and workflow systems. e-Travel's ETM suite gives corporate travel professionals an unprecedented level of control over travel management costs. The e-Travel ETM suite is the only solution available in the industry that includes fully operational direct links. Direct links with air, car, and hotel suppliers, along with e-Travel's recently announced fulfillment offering - the Internet Business Trip(SM) - enable corporations to acquire travel services at the lowest total cost. With the latest release of e-Travel Administrator(SM), travel managers can update travel policy, preferred suppliers, contracts, negotiated rates, and traveler user and profile information in real-time using a standard Web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. . e-Travel's ETM suite synchronizes with enterprise human resources modules, enabling corporations to more efficiently create and maintain travel profiles, and also provides the foundation for organization-based business intelligence with its e-Travel Intelligence module. The ETM suite also includes the integration of Oracle Workflow(TM), another key enterprise technology recently announced by e-Travel. The integration of this powerful and flexible workflow technology Workflow technology is a new field of software products designed to improve the design of information systems. It involves use of workflow engine to execute models of processes. The models can be edited by persons not experienced in programming (e.g. provides exception-based trip approval, unfinished trip notification, and also provides sophisticated monitoring of overall travel management processes. e-Travel's ETM suite includes a new version of e-Travel Intelligence. Now powered by Oracle Discoverer(TM), the award-winning, easy-to-use ad-hoc query and analysis tool for high-performance end-user access to information, e-Travel Intelligence includes over 25 Internet-based standard reports, including reports for travel activity, policy compliance, supplier performance and analysis, and e-Traveler(SM) usage. With e-Travel Intelligence, corporations can view not only e-Traveler-based reservations, but also reservations made over the phone using the corporate travel agency. With this new capability, e-Travel effectively becomes the database of record for all of corporation's business travel reservations. e-Travel Intelligence enables data export in a variety of different formats, including Excel spreadsheet, allowing corporations to easily integrate and manipulate the data within existing enterprise reporting With the dramatic expansion of information technology, and the desire for increased competitiveness in corporations, there has been an increase in the use of computing power to produce unified reports which join different views of the enterprise in one place. systems. This new version allows corporate managers real-time access and an unlimited number of ways to view travel management data. About e-Travel, Inc. e-Travel, Inc., a wholly owned subsidiary of Oracle Corporation, hosts the e-Travel Marketplace, a comprehensive and integrated e-business solution for Enterprise Travel Management (ETM). The e-Travel Marketplace(SM) directly links travel buyers with travel suppliers, and supports the entire lifecycle of corporate travel operations. e-Travel Marketplace supplier and partner participants include Continental Airlines, Delta Air Lines, The Hertz Corporation, Amtrak Amtrak, the National Railroad Passenger Corp., authorized to operate virtually all intercity passenger railroad routes in the United States. Amtrak was created by Congress in 1970 in response to more than two decades of continuous operating deficits by privately run , Starcite, SatoTravel and Pegasus Solutions, which represents more than 150 hotel chains worldwide. e-Travel services are used by major global corporations, including Ingersoll-Rand Corp., The Phillip Morris Corporation and Joseph E. Seagram Joseph Emm Seagram (April 15, 1841 - August 18, 1919) was a Canadian distillery founder, politician, philanthropist, and major owner of thoroughbred racehorses. Born at Fisher's Mills, now part of Cambridge, Ontario, his parents died when he was in his teens and for several and Sons, Ltd. e-Travel is on the World Wide Web at www.e-travel.com. e-Travel(R) is a registered trademark of e-Travel, Inc. e-Traveler, e-Travel Administrator, The Internet Business Trip, e-Travel Intelligence, and the e-Travel Marketplace are service marks of e-Travel, Inc. All other trademarks and service marks belong to their respective owners. |
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