• Employees can complete expense reports on-the-go with mobile devices
• Increased spend under card generates uncomplicated expense reports
• Organizations have immediate visibility into expenses to avoid inaccurate reporting and costly errors

NBTA International Convention & Exposition - SAN DIEGO | BMO Spend & Payment Solutions, a division of BMO Financial Group (NYSE, TSX: BMO), today announced a strategic partnership with CyberShift, Inc. The agreement is another of several partnerships in the BMO Business Travel Alliance, a consortium of world-class vendors committed to helping customers eliminate inefficiency, improve business practices and controls and drive better terms and prices with preferred vendors.

The partnership with CyberShift tackles a fundamental challenge in managing travel expense – getting employees to submit accurate and timely accounts of what they have spent. By combining BMO’s corporate card solutions with CyberShift’s best-in-class expense management solution, employees can significantly reduce the time and effort required to complete their expense reports. This timely submission of expense reports drives immediate improvements in an organization’s ability to quickly and accurately monitor and control travel expenses.

“Organizations realize that employee travel is an essential part of doing business but with every trip come a complex series of expense reports,” said Terry Wellesley, Managing Director, BMO Spend & Payment Solutions. “Our card program coupled with CyberShift’s automated expense management solution, gives employees, managers and organizations a sure-fire vehicle to submit, approve, certify and receive reimbursement in record time.”

BMO’s expansive T&E card program gives organizations control over their cost centers and provides employees a way to make payment without reaching into their wallets. BMO card customers can now offer their employees a way to submit expenses from the road – speeding the time to reimbursement, a benefit that should help accelerate the adoption of card use for everything from hotels and restaurants to taxis and client entertainment expenses.

Employees can create expense reports on their smart-phone devices, submitting the report to managers in an easy-to-read and easy-to-approve format. The solution automatically populates the expense report with card data – airline charges, hotel folio data, restaurants and taxis – eliminating the need for paper receipts. Any cash expenditures can be captured using a digital scanning system.

“As the newest member of BMO’s Business Travel Alliance, our powerful integrated expense management solution gives organizations a way to effectively manage expenses with the employee’s well-being front of mind,” said Robert Farina, CEO, CyberShift, Inc. “Providing employees with a quick and easy tool to file expense reports not only results in increased individual productivity and satisfaction, but also gives organizations immediate visibility into business travel expenses. With this data, organizations are better positioned to manage and control their employee business expenses.”