BMO Spend Payment Solutions, a division of BMO Financial Group, has enetered into a strategic partnership with Tri-Pen TravelMaster Technologies.
It has been reported that combining BMO’s corporate card and spend management solutions for managing the entire procure-to-pay travel lifecycle and TravelMaster’s decision support tools delivers a dashboard that consolidates global T&E data for analysis, visibility and control over corporate travel expenditures.
Further, BMO supplements travel addendum data with its own proprietary card data to create purchase detail specific to the needs of clients. When added to booking data and brought into the TravelMaster dashboard, travel managers, purchasing and financial executives can see and analyze a wide range of information on TE expenditures.
Victoria Wofford, president of Nevada-based Tri-Pen TravelMaster Technologies, said: “By adding TravelMaster to BMO MasterCard programs, clients benefit from a cohesive application with all the tools and analytics everyone in the company needs. There’s immense potential for savings and leverage by applying the right spend management principles to T E. We’re very pleased to be working with BMO Spend Payment Solutions to help companies capitalize on those opportunities to make T E dollars work harder.”
Terry Wellesley, managing director, BMO spend payment solutions, said: “Organizations are quickly realizing that slashing travel budgets has a downside, especially as we fight our way out of the recession. We believe there’s a way to get people back out there doing business, without exponential cost increases. That’s the vision behind our partnership with TravelMaster.”
The demand for T E spend visibility and control continues to increase. BMO remains at the forefront in providing its clients with the products and technologies that enable them to deliver ongoing efficiencies to their managed business travel programs,” he added.