Cornerstone Information Systems grows, hires to tame travel tech’s next frontier

 

Indiana University, Luddy Hall, Location: Bloomington IN, Architect: Pelli Clarke Pelli

Earlier this month, Mat Orrego, CEO, sat down the team at TechPoint to talk about Cornerstone’s growth plans. Mat discussed the plans to add 40 new hires by 2021, the new company headquarters, and a focus more on building more automated services. Read the article here.

TechPoint is the growth accelerator for Indiana’s tech ecosystem. Indiana currently boasts a $7 billion in tech company acquisitions and IPOs, the most affordable housing market in the country, and a high production of software jobs.

Cornerstone Selected by the U.S. General Services Administration to provide data acquisition, consolidation, and normalization services.

We are thrilled to announce that Cornerstone Information Systems has been selected by the U.S. General Services Administration (GSA) to provide data acquisition, consolidation, and normalization services to the GSA.

We began a comprehensive bid process in 2016 with the GSA to understand their current and future business requirements, which are exciting and future looking. In February, we received word that we were awarded the contract. We are actively involed in implementation with an excellent team at the GSA and plan to have them running on our platforms by July.

The GSA selected the iBank® and TravelOptix® platforms to provide an extensive data warehouse and data lake for the GSA to access all their data in real-time. The TravelOptix platform is the next generation evolution of Cornerstone’s iBank® travel reporting and warehousing tools.  The TravelOptix platform is designed to create a single analytical and visualization lens for data from multiple sources – from booking and reservation data, to expense and risk management information. The open platform will enable the GSA to efficiently and effectively manage and view all their data, from all their sources, on a single platform.

“The GSA represents a complex and unique data challenge and that’s very exciting for a company like Cornerstone that is laser focused on data and helping customers drive better decision making in their organization,” said Mat Orrego, CEO of Cornerstone Information Systems. “We know that our iBank and TravelOptix platforms can provide a flexible, scalable environment for GSA that is built to grow with their changing business needs.”

As we look towards the next few years, we plan to continue making strategic investments across our platforms – strengthening our data acquisition, consolidation, and normalization services while enhancing our reporting capabilities and expanding our library of analyses and visualizations. These investments are designed to ensure we can always meet the unique business needs of our customers and future customers.

GBTA Announces Inaugural Volunteer Leadership Sponsor

FOR IMMEDIATE RELEASE

GBTA Announces Inaugural Volunteer Leadership Sponsor

Cornerstone Information Systems Takes Industry Leadership Role

Alexandria, VA (May 16, 2017) – The Global Business Travel Association (GBTA), the voice of the global business travel industry, today announced Cornerstone Information Systems has partnered with GBTA as the inaugural Volunteer Leadership Sponsor.

Cornerstone has long supported its employees’ efforts and involvement in GBTA through the Committee structure, their local Chapters and at GBTA Convention. Cornerstone CEO Mat Orrego has also been involved in the GBTA Ladders Program since its inception as both a mentor and as part of the volunteer leadership team. “Ladders” is GBTA’s innovative, industry-wide mentoring program connecting business travel leaders with industry newcomers to facilitate collaboration and mentorship, while tackling challenges facing the future of our industry.

Through this sponsorship, Cornerstone seeks to extend that support to volunteers across business travel, and believes GBTA provides the platform to drive engagement that fosters growth and innovation in the business travel industry.

“Volunteers are the heart of GBTA – and together, help to advance the business travel industry,” said Christle Johnson, GBTA President.

“We have been committed supporters of GBTA through the years, and this Volunteer Leadership Sponsorship enables us to further our commitment,” said Mat Orrego. “We have found GBTA gives us a great opportunity to connect with our customers and have a voice in the industry. Through committees and Ladders, our team takes an active role throughout GBTA. Supporting GBTA volunteers means supporting my own team. We are thrilled to take this new sponsorship role within GBTA.”

The sponsorship includes involvement at various GBTA events throughout the year including GBTA Chapter Leadership Summit, GBTA All Committee Summit, GBTA Chapter Presidents’ Council Leadership Summit, and GBTA Convention.

About the Global Business Travel Association
The Global Business Travel Association (GBTA) is the world’s premier business travel and meetings trade organization headquartered in the Washington, D.C. area with operations on six continents. GBTA’s 9,000-plus members manage more than $345 billion of global business travel and meetings expenditures annually. GBTA and the GBTA Foundation deliver world-class education, events, research, advocacy and media to a growing global network of more than 28,000 travel professionals and 125,000 active contacts. To learn how business travel drives lasting business growth, visit www.gbta.org.

About Cornerstone Information Systems
Cornerstone Information Systems® is a global technology and services provider that has a unique domain knowledge in the travel industry, from how travel is operationalized to how information is managed. With a foundation in automation, we design, build, and deliver technology for travel companies and corporate buyers. We enable better data and decisions through automation and analytics. Companies managing more than $25 billion in travel spend annually trust Cornerstone to help them proactively lower the costs of travel management and drive revenues through travel optimization. Founded in 1992, Cornerstone Information Systems is a privately held company headquartered in Bloomington, Indiana with customers in more than 50 countries. To learn more, visit www.ciswired.com.

For more information, contact Lauren Wolters.

Cornerstone Information Systems exhibiting and speaking at Travel Technology Europe 2017

BLOOMINGTON, IN (February 2, 2017)  – Cornerstone™ Information Systems (CIS), a global leader in innovative technology solutions for travel companies, will be speaking and exhibiting at The Travel Technology Europe Show 2017 (TTE 2017). The event takes place February 22nd-23rd, at Olympia in London, UK and is expected to attract more than 6000 Travel & Tourism professionals and suppliers from around the globe.  Cornerstone will also be hosting a Cocktails and Canapés reception at a nearby upscale gastropub.

The company’s CEO, Mat Orrego, will be presenting at a session titled, ‘Using the Cloud in Travel’ designed to help organizations explore how to build cost-effective architecture in the cloud including the licensing and delivery models that can optimize savings. The interactive session, which begins at 10 AM on Thursday, February 23rd, will be moderated by Glenn Watson, Business Solutions Manager of the Advantage Focus Partnership. Other expert panelists include Brian Mebourne, Senior VP of Technology, Open Destinations and Alex Bainbridge, founder, and CEO, The Spontaneous Travel Company.

At the event, Cornerstone plans to showcase TravelOptix™ – a next-level analytics platform that allows TMCs to customize their own visualizations, data sources, and viewing device to uncover insights that help drive value internally and externally. The intuitive platform enables TMCs to optimize their business as well as regulate their policies and spend using rich dashboards, simple menus, and interactive analytics. Cornerstone will also be demonstrating its entire award-winning enterprise suite of business automation solutions that enhance travel from every touch point at booth #T81.

Said Mat Orrego, “TTE comes at a time when TMCs are thinking about how best to invest their resources to remain competitive and profitable. With the focus for 2017 likely to remain firmly on leveraging technology to optimize travel experiences and the bottom line, we are looking forward to sharing how our innovative solutions can help them drive customer engagement, productivity, and performance.”

To pre-book a demonstration with a Cornerstone expert contact ask@ciswired.com or call +1 812 330-4361 in USA/North America and +44 33 0808-0139 in UK/Europe.

For more details on the Cocktails and Canapés reception and to register, click here.

 

About Cornerstone Information Systems

Cornerstone™ Information Systems is a global technology and services provider that has a unique domain knowledge in the travel industry, from how travel is operationalized to how information is managed. With a foundation in automation, we design, build, and deliver technology for travel companies and corporate buyers. We help our partners manage their process and information, to drive better decision making. Cornerstone has a single focus on travel data from the management of the reservation to the creation and presentation of information. The result is higher quality customer service and more nimble operational responsiveness at a lower cost with fewer resources yielding higher profit. We are people-centric, service-focused, and technology driven.

Companies managing more than $25 billion in travel spend annually trust Cornerstone to help them proactively lower the costs of travel management and drive revenues through travel optimization. Founded in 1992, Cornerstone Information Systems is a privately held company headquartered in Bloomington, Indiana with customers in more than 50 countries. To learn more, visit ciswired.com 

Unless indicated otherwise, all trademarks and service marks herein are trademarks of Cornerstone Information Systems Inc. or an affiliate thereof.

 

 

Cornerstone Integrates with New Traxo CAPTURE for Enhanced Data Aggregation

Bloomington, IN (November 15, 2016) – With our latest integration to Traxo, Cornerstone Information Systems is once again moving than needle when it comes to using data and technology to change the relationship between corporate travel managers, travel brands, suppliers, agencies and travelers.

As part of a strategic partnership with Traxo, CIS will now be able to leverage Traxo’s CAPTURE travel data aggregation tools, including email inbox scanning,  to capture detailed insights for itinerary planning and comprehensive travel management. Beyond what is available from other sources, the integration will give CIS seamless access to customers’ booked travel plans, brand preferences and spending activity – no matter where they are booked. For TMCs and corporations, this means gaining a competitive edge with the ability to pinpoint travelers’ shifting needs, preferences, and behaviors.

Launched today at the Phocuswright conference, Traxo CAPTURE leverages new inbox scanning automation to effectively seek and capture travel data for itinerary planning and comprehensive travel management.  CAPTURE’s agnostic, universal approach to accessing confirmed itinerary data – from any source – facilitates the seamless detection and integration of relevant travel data into web, mobile, mid-office or back-end applications.

“We require a truly comprehensive technology solution to help us access itinerary data beyond what’s available in global distribution systems,” said Mat Orrego, CEO. “Traxo CAPTURE has proven to be robust and extensible, making it ideal for our needs.”

At Cornerstone, we put a lot of time and energy into finding solutions that enable our clients to better manage their business and engage with travelers. We are very excited about the opportunity to extend the power of our platform via this partnership with a best of breed solution providers like Traxo.

The Traxo press release is available at here.

Conferma and Cornerstone Partner to Create an Unparallelled End-to-End Automated Payment Solution

MANCHESTER, UK and BLOOMINGTON, IN, USA (November 15, 2016) – Conferma, a leading FinTech company specialising in virtual card technology, has partnered with CornerstoneTM Information Systems to extend Cornerstone’s unique AutoPay solution. The partnership will enable Cornerstone, a leading global travel technology and services provider, to offer its customers credit-based virtual payment solutions for the first time.

Conferma and Cornstone have partnered because their complementary products create a powerful automated payment solution. Cornerstone’s AutoPay enables the operationalization of virtual payment while Conferma has built an unbridled network of banking partners globally.

This partnership creates a seamless automated GDS agnostic solution that is completely integrated into the agency workflow. Cornerstone’s integration into the front-end agent desktop across all major GDSs complements Conferma’s aggregated back-end payment services to create an unparalleled end-to-end automated payment solution. This complete solution allows for the generation of both prefunded and credit based virtual cards within the agent workspace without any changes to their normal booking workflow.

The partnership will also connect Cornerstone’s clients to Conferma’s vast payment ecosystem which supports virtual cards issued in 40 currencies across 193 countries. With a choice of over 25 major card issuing companies and key local names, this partnership gives travel management companies the flexibility to work with their corporations to deliver tailor made virtual payment solutions.

“Our customers have enjoyed the benefits of virtual payment since we introduced AutoPay, and we are committed to enhancing the solution with additional payment options,” says Mat Orrego, CEO of Cornerstone Information Systems. “Conferma’s extensive payment infrastructure allows us offer a more flexible solution to travel management companies that enables them to provide their corporate customers with more payment options.”

Simon Barker, CEO of Conferma adds, “We share Cornerstone’s passion for more efficient corporate travel booking processes, and our combined knowledge and networks within the travel industry makes this a very valuable partnership. Conferma`s credit funded virtual cards and our ever expanding issuing network are ideal for Cornerstone’s TMC and larger corporate travel buyer clients.”

About Conferma

Conferma is a leading FinTech company specializing in Virtual Card technology. A global company, managing transactions in 96 currencies in 193 countries, Conferma is headquartered in Manchester, having been founded by CEO Simon Barker in 2005.

With 80% of Buying Business Travel’s Top 50 TMCs using Conferma, it is an industry standard for corporate travel payment. Conferma’s Virtual Card technology is mainly about simplifying over-complicated processes in Travel and Expense (T&E) payments. It is the gateway between commercial card issuers and the travel community.

Conferma’s many established travel partners include all three Global Distribution Systems (GDS), Sabre, Amadeus and Travelport; leading corporate Travel Management Companies (TMCs) such as CWT, HRG, AMEX GBTA; online booking tools and other booking technology providers. Part of Conferma’s ecosystem are all major card schemes, American Express, Diners, MasterCard and Visa, and over 25 commercial card issuers globally including Barclaycard, Bank of America and Citi.

https://www.conferma.com

About Cornerstone

Cornerstone™ Information Systems is a global technology and services provider that has a unique domain knowledge in the travel industry, from how travel is operationalized to how information is managed. With a foundation in automation, we design, build, and deliver technology for travel companies and corporate buyers. We help our partners manage their process and information, to drive better decision making. Cornerstone has a single focus on travel data from the management of the reservation to the creation and presentation of information. The result is higher quality customer service and nimbler operational responsiveness at a lower cost with fewer resources yielding higher profit. We are people-centric, service-focused, and technology driven.

Companies managing more than $25 billion in travel spend annually trust Cornerstone to help them proactively lower the costs of travel management and drive revenues through travel optimization. Founded in 1992, Cornerstone Information Systems is a privately held company headquartered in Bloomington, Indiana with customers in more than 50 countries.

To learn more, visit www.ciswired.com

For more information, please contact

Conferma Contact:

Charlotte Cloud

Conferma@skyparlour.com

+44 (0)844 2939 764

(00 44)7803 204 779

Cornerstone Contact:

Lauren Wolters

lwolters@ciswired.com

+1 812 727 2031

 

Cornerstone Information Systems Excited To Move Forward With New Headquarters

Bloomington, Indiana (October 10, 2016) – Cornerstone Information Systems is excited to move forward with their plans for a new corporate headquarters in Bloomington, Indiana. A global company, Cornerstone has kept their roots in Bloomington since their founding in 1992.

“We are proud of our presence here in Bloomington,” said Mat Orrego, CEO of Cornerstone Information Systems and a long-time Bloomington resident. “We love bringing our global customers into our offices in Bloomington, and sharing our community with them, from the Indiana University campus to the great foodie scene. We plan to keep our growing employment base centered here as we expand our company. We have been based here for almost 25 years and are thrilled to continue to contribute to the thriving Indiana technology center.”

The new corporate headquarters will bring together the development and business teams within Cornerstone. With their exceptional growth, the Cornerstone team had to divide into two separate office locations across Bloomington.

“It’s been exciting to watch the process so far,” said Shaun McDermott, CFO of Cornerstone Information Systems. “We watched the demolition of our old building, and now we’ve watched as the new foundation starts to take shape. It’s thrilling to see it go up right before our eyes.”

The new headquarters will provide an open concept work environment and bring the entire company together in a single space. The space will also feature some retail options as well as condominiums. Construction is currently scheduled to be completed in August 2017.

Cornerstone Information Systems was recently named one of Indiana’s Companies to Watch in 2016.

 

About Cornerstone Information Systems

Cornerstone™ Information Systems is a global technology and services provider that has a unique domain knowledge in the travel industry, from how travel is operationalized to how information is managed. With a foundation in automation, we design, build, and deliver technology for travel companies and corporate buyers. We help our partners manage their process and information, to drive better decision making. Cornerstone has a single focus on travel data from the management of the reservation to the creation and presentation of information. The result is higher quality customer service and more nimble operational responsiveness at a lower cost with fewer resources yielding higher profit. We are people-centric, service-focused, and technology driven.

 

Companies managing more than $25 billion in travel spend annually trust Cornerstone to help them proactively lower the costs of travel management and drive revenues through travel optimization. Founded in 1992, Cornerstone Information Systems is a privately held company headquartered in Bloomington, Indiana with customers in more than 50 countries. To learn more, visit ciswired.com

 

Unless indicated otherwise, all trademarks and service marks herein are trademarks of Cornerstone Information Systems Inc. or an affiliate thereof.

Cornerstone™ Information Systems Showcases the Future of Predictive Intelligence to Manage The Traveler’s Journey at Phocuswright Conference

Mat Orrego to present game-changing new 4site™  proactive journey management tool at Los Angeles event

BLOOMINGTON, IN (November 8, 2016)  – Cornerstone Information Systems (CIS), a global leader in innovative technology solutions for travel companies, today announced that they are among an elite group of visionary companies selected to battle it out at the 2016 Phocuswright Conference. Mat Orrego, the company’s CEO, will take center stage at The Travel Innovation Summit Launch to present the new 4site™ predictive intelligence technology to industry leaders on  Wednesday, November 16 at 10:45 am.

Each year, only the most forward thinkers make it into the Phocuswright Innovation Platform to vie for a variety of prestigious awards. The categories of competition consist of three distinct segments; Battleground, Summit, and Launch. Cornerstone will compete in the Launch category, which provides established companies the opportunity to unveil a groundbreaking innovation that is changing the travel landscape. Winners are named by a panel of judges comprised of high-caliber travel and technology experts.

Long recognized as a travel technology pioneer, Cornerstone will be showcasing their latest breakthrough solution which drives proactive journey management for companies and TMCs with predictive analysis and real-time chat. “There are plenty of apps out there – and some are really cool – but not a single one actually solves the problems we experience every single day around disruptions, changes in our plans, and unexpected events,” explains Mat. “We have spent the last year sharpening our focus and building an open, flexible platform that monitors trips with predictive intelligence. 4site is breaking new ground by bridging the information gap between the live trip and what the agent sees in a reservation to drive continued service.”

4site is a rich, intuitive tool that provides timely, relevant 360-degree monitoring based on customized preferences set by the TMC or corporation, and proposes actionable, details on steps to take at every touch point. The unique 4site mobile app can be custom branded or implemented directly within existing apps and gives travelers a way to stay informed and connected in real time with their travel advisor.

Mat adds, “In today’s fast-changing world, predictive intelligence can help TMCs and corporate travel teams manage what is most likely to happen before it happens. It is about prioritizing the trips to work based on criteria like specific airports, critical routes, and VIP travelers. We have developed a real game-changer and are excited to share it the industry’s most influential thought at Phocuswright.”

Founded in 1993, the annual Phocuswright Conference has evolved into one of the most important informational and networking events for the travel sector, a marketplace in which Phocuswright estimates that global spending will increase to $1.4 trillion this year from $1.3 trillion two years ago. Around 1,800 people are expected to attend the event being held in Los Angeles, which will run from Nov. 14 to 17.

Cornerstone would like to extend a special invitation to conference attendees to attend the Launch competition or visit booth ### for a personal demo. To learn more about Cornerstone Information Systems visit https://www.ciswired.com or call 1 (888) 778-0897.

About Cornerstone Information Systems

Cornerstone™ Information Systems is a global technology and services provider that has a unique domain knowledge in the travel industry, from how travel is operationalized to how information is managed. With a foundation in automation, we design, build, and deliver technology for travel companies and corporate buyers. We help our partners manage their process and information, to drive better decision making. Cornerstone has a single focus on travel data from the management of the reservation to the creation and presentation of information. The result is higher quality customer service and more nimble operational responsiveness at a lower cost with fewer resources yielding higher profit. We are people-centric, service-focused, and technology driven.

Companies managing more than $25 billion in travel spend annually trust Cornerstone to help them proactively lower the costs of travel management and drive revenues through travel optimization. Founded in 1992, Cornerstone Information Systems is a privately held company headquartered in Bloomington, Indiana with customers in more than 50 countries. To learn more, visit ciswired.com

Unless indicated otherwise, all trademarks and service marks herein are trademarks of Cornerstone Information Systems Inc. or an affiliate thereof.

About Phocuswright, Inc. (www.phocuswright.com)

Phocuswright, the travel industry research authority, fosters smart strategic planning and tactical decision-making by delivering primary research on the evolving dynamics that influence travel, tourism and hospitality distribution. To complement its research in North America, Europe and Asia, Phocuswright partners with and produces several high-profile conferences around the world.

 

 

Cornerstone™ Information Systems named one of Indiana’s Companies to Watch in 2016

August 30, 2016 – Cornerstone™ Information Systems was honored as one of 14 innovative and entrepreneurial firms as Indiana Companies to Watch in Indianapolis on Thursday night.

Inside INdiana Business

Companies to Watch recognizes high-performing, second-stage businesses that are developing innovative products and business practices, contributing to their communities and creating quality jobs, the Indianapolis Economic Development Corp. said.

“We are thrilled to be chosen as one of Indiana’s Companies to Watch,” said Mat Orrego, CEO of Cornerstone Information Systems. “The companies selected represent a wide range of businesses across Indiana and highlight Indiana as a great place to grow a global business. We love bringing our global customers into our offices in Bloomington, and sharing our community with them, from the Indiana University campus to the great foodie scene.”

Indiana Companies to Watch awardees must be based in Indiana, privately held, advanced beyond the startup phase, employ six to 150 full-time employees and have between $150,000 and $100 million in annual revenue or capital from investors or grants.

The firms were selected by a panel of judges convened by the state, the Indiana Economic Development Foundation and the Edward Lowe Foundation.

Learn more about Indiana Companies to Watch here.

Cornerstone™ Information Systems Names Global Industry Executive Thomas Lacny as Executive Vice President of Sales, Marketing & Advisory Services

Former HRG Sales and Marketing Veteran Joins Team to Help Drive Corporate Growth and Strategy

BLOOMINGTON, IN (July 15, 2016)  – Cornerstone™ Information Systems (CIS), a worldwide leader in innovative technology solutions for travel companies, today announced a strategic new addition to its executive team to accelerate its growth in the enterprise travel management market. Thomas E. Lacny has joined the Cornerstone team as Executive Vice President of Sales, Marketing, & Advisory Services, bringing a deep industry background in travel and corporate services, and to oversee the continued expansion and  growing demand for the company’s solutions.

Lacny comes to Cornerstone from HRG (Hogg Robinson Group) where he served as Executive Vice President, Sales, Marketing, & Consulting for North America. He helped establish HRG in North America, growing its footprint to over $3.0 Billion Dollars (USD) of revenues and over 1,000+ employees.  In his 25+ years of experience in multi-national organizations, Lacny has an impressive track record of success in global travel services, expense management, and the corporate services arena. Before HRG, Lacny held executive leadership positions for both BCD Travel and WorldTravel BTI. He has traveled to and transacted business in over 60 countries around the world and successfully led North American sales, marketing, consulting and client facing teams during periods of dynamic change and consolidation. Lacny is a skilled attorney and has a BBA in Accounting with honors from the University of Notre Dame.

“Cornerstone continues to grow at a fast pace,  and we are expanding both internationally and in complex market segments,” said Cornerstone’s CEO Mat Orrego. “Tom joining us as a new senior leader will undoubtedly accelerate our client’s and the industry’s adoption of our innovative  solutions, including AutoPay™ and TravelOptix™, our virtual payments and data analytics offerings.  We also are launching 4site™, our latest mobility application with great anticipation, and continuing to add consultative resources to assist our clients in their planning.    We will continue to focus on high-value and innovative solutions to the market. Our clients, partners, and team members will benefit tremendously from Tom’s experience, keen market insights, and his strategic approach, and we are thrilled to have him on board.”

“Using the latest technology and data-driven insights has become essential to re-invention and success in the evolving travel sector space,” explains Lacny. “The more smart devices, networks, services, regulatory constraints and integrated client applications that we see in the world, the greater the need to manage that complexity  with superior systems and expertise. I am excited about Cornerstone’s success and future.  We have a powerful platform, and committed clients and partners. I’m honored to grow and play a role in shaping the future of the company.”

Mr. Lacny will join Cornerstone Information Systems at GBTA Convention 2016 in Denver, Colorado (Booth 1464). To learn more about Cornerstone Information Systems visit https://www.ciswired.com or call 1 (888) 778-0897.

 

About Cornerstone Information Systems

Cornerstone™ Information Systems is a global technology and services provider that has a unique domain knowledge in the travel industry, from how travel is operationalized to how information is managed. With a foundation in automation, we design, build, and deliver technology for travel companies and corporate buyers. We help our partners manage their process and information, to drive better decision making. Cornerstone has a single focus on travel data from the management of the reservation to the creation and presentation of information. The result is higher quality customer service and more nimble operational responsiveness at a lower cost with fewer resources yielding higher profit. We are people-centric, service-focused, and technology driven.

Companies managing more than $25 billion in travel spend annually trust Cornerstone to help them proactively lower the costs of travel management and drive revenues through travel optimization. Founded in 1992, Cornerstone Information Systems is a privately held company headquartered in Bloomington, Indiana with customers in more than 50 countries. To learn more, visit ciswired.com

Unless indicated otherwise, all trademarks and service marks herein are trademarks of Cornerstone Information Systems Inc. or an affiliate thereof.