TakeCharge Technologies, Inc. Delivers Enhanced Compliance, Better Visibility, Decreased Risk, and Increased Cost Savings for VSE Corporation's P-Card and Payables Programs


ALEXANDRIA, Va. - TakeCharge Technologies, Inc. (TakeCharge) has been chosen by VSE Corporation (VSE) to provide a credit card optimization solution. Benefits include web-based automated audit and reconciliation, reduced risk and increased spend savings for VSE's travel and purchasing card programs.

TakeCharge's ProCharge product offers a quick and easy way to initiate cost reduction, audit and optimize Procure-to-Pay (P2P) programs without expensive capital investments and lengthy implementation efforts. ProCharge seamlessly connects disparate enterprise applications including procurement, general ledger, human resources, travel and expense, and banking systems into one intuitive actionable view.

ProCharge delivers cost saving operational improvements including automated reconciliation, continuous controls monitoring, business rule driven audits, alerts and dashboard analysis. VSE is using this combination to accelerate compliance and reduce costs by integrating data from their American Express, MasterCard, Puridiom Purchasing and Deltek systems. As a result, VSE is seeing more efficient Travel and P-Card management and reconciliation. VSE managers see costs prior to the receiving bills. This improves oversight, decreases cycle times, and provides better visibility of total project costs - helping drive positive results in operating margins.

"Increased confidence and efficiencies in our Travel and P-Card programs have been a direct result of TakeCharge," notes VSE Chief Information Officer (CIO) Dave Chivers. Mr. Chivers continues, "ProCharge has the capabilities to deliver operational, time and cost savings to support our business requirements today and as it evolves." In the recent months, VSE has been awarded multiple transportation and energy contracts from government agencies including the U.S. Department of Justice, Bureau of Alcohol, Tobacco, Firearms and Explosives, U.S. Department of the Treasury, U.S. Department of Energy and U.S. Army.

With ProCharge providing the support needed for ensuring compliance, VSE looks forward to increased savings and minimized risk for managing their programs. VSE cardholders, managers and auditors will benefit from visibility of total transactional costs at the project level. Automating of credit card cost allocation will improve operational efficiencies, while eliminating risk of misuse and reinforcing compliance.

VSE is a diversified Federal Services company of choice with over 50 years of experience in solving issues of global significance with integrity, agility, and value. VSE is dedicated to making its clients successful by delivering talented people and innovative solutions for logistics, engineering, IT services, construction management and consulting. For additional information on VSE services and products, please see the Company's web site at www.vsecorp.com or contact Randy Hollstein, VSE Corporate Vice President of Sales and Marketing, at (703) 329-3206.

TakeCharge Technologies, Inc. helps organizations gain control of spend. ProCharge technology delivers financial improvements by integrating purchasing, financial, travel and expense and accounting data and processes in an intuitive, proactive, automated solution that continuously monitors, drives down costs, and eliminates risk. For more information, visit www.takechargetech.com

SOURCE

TakeCharge Technologies, Inc.

CONTACT: Debbie Tyler, pr@takechargetech.com, +1-703 787 0429

Web Site: www.takechargetech.com

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