MasterCard Worldwide (Purchase, N.Y.) and CyberShift, a Parsippany, N.J.-based expense management and workforce management software provider, have announced an alliance to provide businesses with CyberShift's Expense Management Automation (EMA) solution.
Under the agreement, MasterCard issuers will be able to offer their corporate card customers a travel and expense management solution, according to a press release. Corporate card customers will have access to a flexible expense management solution, open integration to travel booking systems of choice, travel and spend analytics, BlackBerry smartphone support, digital receipts filing and hotel folio data.
Delivered via a Software-as-a-Service (SaaS) model, the solution is intended to help corporations improve travel and card spend compliance, MasterCard says. "Given the difficult economic environment, companies of all sizes are looking for easy and cost-effective ways to reduce costs now," Steve Abrams, group executive, global commercial products, MasterCard Worldwide, said in a press release. "By offering an easy-to-implement, feature-rich travel and expense management solution that adapts to business requirements, integrates with existing systems and can be delivered via Software-as-a-Service (SaaS), issuers can provide their corporate customers with a solution that will make an immediate impact to their bottom line. The combined features of this offering enable corporate customers to gain greater spend visibility, increase employee efficiency, and monitor compliance with travel policies."