SOURCE: CyberShift, Inc.

CyberShift, Inc.

February 22, 2010 07:00 ET

CyberShift and nuTravel Form Alliance to Provide Comprehensive Travel and Expense Management Solutions

Joint Solution Automates T&E Process From Booking Through Reimbursement

PARSIPPANY, NJ and PORT CHESTER, NY--(Marketwire - February 22, 2010) - CyberShift, a global provider of expense management and workforce management software and services, and nuTravel Technology Solutions, provider of leading corporate online booking tool nuTravel CTS, today announced details of their comprehensive global corporate travel and expense management solution. Through the combined capabilities of CyberShift and nuTravel, organizations can provide their business travelers with an easy to use yet robust solution that automates the entire travel and expense cycle from pre-trip authorization to travel booking through to recording of the actual business expenses to employee reimbursement and post-payment reporting.

"CyberShift Expense enables companies to improve productivity and control costs; factors that have increasingly grown in importance during these difficult economic times," commented Robert E. Farina, CEO, CyberShift. "We listen closely to our clients' needs and establish partnerships with firms that provide the highest value solutions with industry leading ease-of-use and adoption rates. Our alliance with nuTravel deepens that commitment and delivers to the market a comprehensive solution that integrates travel booking and expense management for a wide range of organizations: from local to global."

Tailor-made for medium and large sized organizations, this flexible, easy to deploy, manage and use solution leverages both companies' enterprise-class information architectures into a consolidated travel and expense management solution. It enables organizations to increase compliance with company policies and decrease the costs of employee business travel, one of the top controllable expenses for most organizations.

"By combining CyberShift's expense management system with the nuTravel CTS architecture, we have created an innovative alternative for medium and large organizations who are tired of the rigid and expensive options offered by other firms today. We believe that our joint solution will prove itself to be a formidable competitor in the travel and expense management market for medium and large organizations," said nuTravel CEO Carmine Carpanzano. "Our joint effort handles every aspect of booking travel to business travel expense processing, to robust reporting and analysis. With nuTravel's newly released Smart Pricing model, which provides transactions fees as low as $2 for ticketed transactions, all of the right pieces have fallen into place to create a winning combination for 2010 and into the future."

About nuTravel

nuTravel Technology Solutions delivers the corporate travel industry's fastest, most comprehensive and flexible online corporate self-booking tools; providing a robust and intuitive selection of travel booking content and capabilities that seamlessly integrate with travel management companies and corporations. Our tools enforce travel policy, optimize vendor relationships, reduce service fees, increase profits and improve operational efficiency while streamlining the day-to-day processes of corporate travel programs and creating a quick, easy and affordable experience for travelers and travel managers. For more information, please visit www.nuTravel.com.

About CyberShift

CyberShift specializes in providing leading organizations with best-in-class workforce and employee spend management solutions to reduce costs, mitigate compliance risk and increase productivity. Our solutions help organizations of all sizes address complex policies and increase the effectiveness of their workforce in delivering products or services to their customers every day. CyberShift's comprehensive product suite is unique in providing multi-national capabilities for employee scheduling, time-and-attendance, contingent labor management, absence management, expense management and solutions for the mobile workforce. CyberShift manages over 1.5 million transactions daily through our highly secure SaaS delivery model, and is also available as an On Premise license, putting the power of choice in the hands of the customer. For more information, please call (877) 274-4381 or visit www.cybershift.com.