Expense Management Software facilitates SaaS deployments.

Press Release Summary:



Necho Expense(TM) v7.5 features Integration Console, which enables organizations to manage and control connectivity to external business systems related to expense management. Users can configure workflow to block expense reports from being released for approval until all imaged receipts have been received and attached to report. With Graphical Corporate Structure builder, organizations can incorporate existing corporate structure into system using drag-and-drop functionality.



Original Press Release:



Necho, a Division of CyberShift, Announces Availability of Necho Expense(TM) 7.5



Latest Version of Leading Expense Management Solution Features Enhancements for Expanded Ease of Deployment, Management and Use -

CHICAGO, July 17 // -- National Business Travel Association's International Convention and Exposition -- Necho, a division of CyberShift, a leading provider of workforce and expense management software and services, today announced the general availability of Necho Expense(TM) 7.5, the latest release of the company's leading expense management solution. Designed to enhance Software-as-a-Service (SaaS) deployments, Necho Expense 7.5 features a new Integration Console and graphical Corporate Structure builder, as well as expanded functionality in the areas of receipt imaging, administration, documentation and reporting.

"The input we receive from our clients as well as our internal stakeholders is invaluable to our development efforts, and we've utilized this feedback to further enhance Necho Expense 7.5 with features that make it simpler to implement, manage and use," stated Craig Fearon, Senior Product Director at Necho. "The latest version of Necho Expense was designed for enhanced deployment via the Software-as-a-Service model and features advanced functionality to dramatically reduce implementation time and enable self- sufficiency for the business process owners post-implementation."

Incorporating numerous enhancements, Necho Expense 7.5 features major developments in the areas of integration and administration. As part of the new, graphical Corporate Structure builder, organizations can design and incorporate their existing corporate structure into the system with the use of drag-and-drop functionality to ensure that data flows accurately through the system to the Accounts Payable department and, ultimately, to the General Ledger. The incorporation of a detailed corporate structure is essential to ensure organizations can fully automate the expense management process, and this new functionally can drastically reduce implementation times for organizations with disparate structures, such as those that have grown rapidly through acquisitions.

To meet objectives including compliance with regulatory requirements, proactive fraud detection and gaining better insight into spending, such as with an expansion into the use of purchasing (P-Cards), central airfare or ghost cards and vendor-direct billing, organizations are seeking expense management solutions with functionality beyond basic travel and entertainment expense management. The acceptance and availability of Level III, Enhanced Hotel Folio and airline/rail data from corporate card providers continues to enable faster and more accurate expense filing for clients using Necho Expense.

Necho Expense 7.5 incorporates more flexibility into the solution's market-leading receipt digital filing capabilities. With the latest version of Necho Expense, organizations can optionally configure their workflow to block an expense report from being released for approval until all of the imaged receipts have been received and attached to the report. Necho Expense 7.5 also allows approvers and auditors to retrieve all imaged receipt versions associated to an expense report. This functionality provides a complete audit trail and history of all images that have been attached to the expense report. Additionally, if a user has forgotten to include a receipt, the receipt is simply faxed or scanned along with the barcoded cover page rather than requiring the user to send all of the receipts again.

Through Necho Expense 7.5's new Integration Console, organizations have the ability to better manage and control their integration and connectivity to external business systems related to expense management, such as corporate card programs, reimbursement, General Ledger and Human Resources systems. For instance, a finance group administrator can completely configure the department's integration processes and scheduling based upon their business requirements. The Integration Console allows clients to be completely self- sufficient and to run their required processes without dependency upon IT resources.

Other major enhancements incorporated into Necho Expense 7.5 include:
- A redesigned Administration module graphical user interface (GUI) for increased ease of use;
- Single sign-on parameters and configuration are now managed in the Administration module;
- Significant enhancements to Necho Expense's proxy submitter and approver functionality; and
- Improvements to the submitter and approver roles to make the process of submitting and approving expense reports even easier and intuitive.

"As a leading provider of workforce and expense management solutions, we understand the power of providing organizations with automated tools that increase workforce productivity," stated Robert Farina, CEO of CyberShift. "Employee business expenses are one of the largest, controllable expenses for organizations. Through our comprehensive, fully automated expense management solution, organizations can add hundreds of thousands of dollars to their bottom lines annually. Necho Expense 7.5 provides the ease of use, features and flexibility that organizations need to streamline the entire expense management process."

Necho Expense 7.5 is a 100 percent thin Web-based solution and features a series of walk-through tutorials in addition to new standard reports, including cash advance status, advanced charge card reconciliation, disputed transactions, top spenders, and high-value expense reports. For more information about Necho Expense 7.5, please visit http://www.necho.com/.

About CyberShift:
CyberShift, Inc. (http://www.cybershift.com/) and Necho, a division of CyberShift, are leading providers of workforce management and expense management software and services focused on helping large, complex organizations optimize and manage the deployment of their people. CyberShift's rules-based platform delivers a fully integrated solution for the management of all aspects of time and attendance, scheduling, travel and expenses, self- service functions and workforce reporting and analytics. The enterprise-class workforce and expense management suite reduces costs and improves processes for a variety of industries, including financial services, manufacturing, transportation, retail, media and entertainment, healthcare and the public sector. CyberShift is the workforce and expense management solution provider of choice for many of the largest organizations throughout the United States and Canada.

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