Press Release – For Immediate Release
Contact:
Alan Minton
Cornerstone Information Systems
(812) 269-0014
Cornerstone and Rearden Commerce Partner To Help Customers Manage Travel Spend
Bloomington, IN - July 24, 2008: Cornerstone Information Systems and Rearden Commerce, Inc., a leading choice among companies for managing spending on business services and creator of the first Web-based personal assistant, have forged an agreement to make Cornerstone’s Policy Compliance Manager available to Rearden Commerce’s growing customer base.
Cornerstone’s Policy Compliance Manager automates the costly, labor-intensive and error-prone process of securing approval for travel before reservations are ticketed and confirmed, whether travel is booked online or through a travel agent. Policy Compliance Manager also increases compliance by communicating policies to travelers during the reservation process.. Rearden Commerce customers that select to deploy Cornerstone’s Policy Compliance Manager will experience increased visibility and control over employee spending on unauthorized travel.
“We introduced the product concept at our 2007 customer conference and Rearden Commerce expressed an immediate interest” said Alan Minton, Cornerstone’s vice president of marketing & customer solutions. “Both of our companies are keenly aware of today’s economic environment and have been focusing on producing technology that delivers immediate and measurable cost savings while improving the business travel experience.”
“We’re thrilled to work closely with Cornerstone to help provide our customers increased control over unauthorized travel spending, while streamlining the approval process,” said Tony D’Astolfo, vice president, worldwide sales at Rearden Commerce.
Policy Compliance Manager can identify a virtually unlimited number of conditions that trigger the need for traveler notification and/or trip approval. Email alerts are sent within minutes of booking to designated approvers. The alerts include a link to a secure web site where approvers can view trip details including policy violations. Approvers can authorize, deny or return reservations for further action. In addition, a complete audit trail is created so you can be certain messages are getting to the right people at the right time.
Policy Compliance Manager makes it absolutely clear to the approver why a particular trip is non-compliant with policy and requires authorization (e.g. high-risk destination, price threshold exceeded for airline/hotel/car rate, non-preferred vendor, unauthorized class of service, lower fares available). This ensures that corporate security and Sarbanes-Oxley requirements are met, unnecessary trips are eliminated and available preferred supplier relationships are fully leveraged.
To learn more about Cornerstone Information Systems and its technology solutions, visit booth 705 at the National Business Travel Association (NBTA) International Convention and Exposition in Los Angeles, CA (July 27-30).
About Cornerstone
Cornerstone Information Systems is a professional services company helping travel management companies, corporate travel departments, airline and global distribution systems work more efficiently and more profitably. Founded in 1992, Cornerstone Information Systems is a privately held company based in Bloomington, Indiana with personnel in eight locations worldwide. Further information about the company is available at www.ciswired.com or by calling Alan Minton at (812) 269-0014.
Rearden Commerce, Inc.
Rearden Commerce makes life simpler by delivering a Web-based personal assistant that intuitively manages the everyday details of business and personal life. Just like a seasoned executive assistant, the Rearden Personal Assistant handles an impressive array of tasks and services, and delights users by considering their unique needs and personal preferences. The Rearden Personal Assistant is built on the Rearden Commerce™ Platform, which supports an ecosystem of more than 160,000 trusted merchants and third-party applications providers. Today, more than one million contracted users at organizations ranging from the Fortune 500 to small/medium enterprises, including ConAgra Foods, Glaxo Smith Kline and JDSU, rely on the recommendations and assistance of the Rearden Personal Assistant to save time and be more efficient, while saving their companies money. Rearden Commerce is headquartered in Foster City, CA. For more information, visit www.reardencommerce.com.
