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AEP automates expense mgmt. (Special Report: Corporate Payment/Expense Systems).

Publication: Business Travel News
Publication Date: 07-JUL-03 		Format: Online - approximately 867 words
Delivery: Immediate Online Access

Article Excerpt
Since implementing a one-card program in 2000 and linking it to an automated expense reporting system, Steve Quincel, manager of employee expenses, has helped American Electric Power Co. achieve T&E savings and revenues of more than $2 million by providing better data for vendor negotiations, maximizing card rebates and reducing expense processing time.

Columbus, Ohio-based AEP, which in 2002 spent $6 million in U.S. air, has had a contract with American Express for its travel and entertainment card program since the 1980s. In the late '90s, the company implemented Visa's purchasing card program, hut a merger in 2000 was the catalyst for putting all corporate card spend--both T&E and purchasing--into one program.

Upon merging with Central and South West Corp., "which had its own card programs, there was a...

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