Home | Business News | Browse by Publication | B | Business Travel News

Necho expands expense purview.

Publication: Business Travel News
Publication Date: 16-AUG-04 		Format: Online - approximately 986 words
Delivery: Immediate Online Access

Article Excerpt
Toronto-based expense reporting vendor Necho Systems is touting a new business model that looks beyond travel expense management to encompass the entire realm of employee business expenses. Necho's move underscores the widely held industry, philosophy that all employee spending--whether in T&E or other purchasing areas--can be expensed and processed on the back end in the same manner. "Although our roots are in the automation of travel and entertainment expenses, today Necho automates the entire range of employee business expenses," the company said.

Necho is the first expense vendor to overtly state the leap from T&E expense management to all expense management, but expense vendors have been processing all types of indirect expenses for some time.

"When yon take a quick look at Concur, Gelco and the like," said Steve Abrams, Master Card International senior vice president of corporate payment solutions, "they all started out as travel expense...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Business Travel News
Delta's cash dwindles, bankruptcy looms., August 16, 2004
Malaysia Airlines eyes alliance partners., August 16, 2004
Amex upgrading to IBank 4., August 16, 2004
Hi-Mark restructures, grows., August 16, 2004
Outtask CEO slams GDSS, online TMCS., August 16, 2004

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.