SOURCE: IntelAccount

August 21, 2007 11:52 ET

Gelco and IntelAccount Alliance Strengthens Financial Systems Automation

Alliance Between Minnesota Service Providers Highlights Web-Based Financial Processing

MINNEAPOLIS, MN--(Marketwire - August 21, 2007) - Gelco Expense Management and IntelAccount have announced an alliance to help businesses simplify financial processing by automating and Web-enabling transactional, labor-intensive financial processing activities including expense-report and accounts-payable processing.

Gelco is a leader in Services On Demand for global expense management, delivering comprehensive services for expense reporting and streamlining the process of managing expenses, payments, receipt imaging, and auditing. IntelAccount provides small- to medium-sized businesses with automated, Web-based invoice- and expense-report processing, electronic payment services, Web-based purchase order management, and digital document storage and retrieval services.

Both Gelco and IntelAccount deliver automated financial processes to help organizations improve productivity and reduce operating costs. IntelAccount's Web-based solutions allow their clients to create and route purchase orders electronically, review and approve invoices online and find digital documents in seconds. They reduce the amount of paper a company uses and the amount of time employees spend handling paper and performing data entry tasks, lowering processing costs up to 70 percent. In addition to Gelco's Web-based, on-demand expense-reporting and expense-management services, Gelco provides expense receipt-imaging solutions. One consumer goods manufacturer reduced receipt storage by 500 boxes per year with Gelco's services.

"Accounts payable and expense report processing represent significant hidden costs for every organization that drain resources and profitability. Gelco and IntelAccount share a common goal to help clients reduce the time and money spent on financial processes and move to paperless systems," said David Crane, CEO, IntelAccount. "Our services benefit innovative companies seeking improved operations to support growth and obtain a competitive edge inexpensively through financial process automation. They also support the environment by taking advantage of the benefits of a paperless process."

"Businesses seeking to do more with less and reduce the time it takes to manage financial processes need to address a number of areas -- from accounts payable and receivable to employee expense reporting and payments," said Brian Provost, chief operating officer, Gelco Expense Management. "Our alliance with IntelAccount is an example of how Gelco is helping organizations look to a number of best-in-class providers with the expertise to streamline these processes and continue to grow and improve other areas of their businesses."

Find More Information Online:

IntelAccount link:

www.intelaccount.com

Gelco Links:

-- Gelco Expense Management

-- Gelco At A Glance

-- Gelco Customers

-- Gelco Partners

-- Gelco News and Events

Gelco Media Kit:

-- Corporate Background

-- Industry Overview

-- Executive Bios

-- Glossary of Industry Terms

About IntelAccount

Based in Minneapolis, Minn. with an office in Long Island, N.Y., IntelAccount is a leading provider of Web-based accounts payable processing, e-payment and digital document management services to small- and medium-sized organizations, saving them up to 70 percent over internal processes. IntelAccount is a "green" organization dedicated to improving the environment by delivering a paperless, on-demand accounts payable solution for its customers. The company is a 2007 winner of the Upsize Growth Challenge and a 2006 Minnesota Cup Business Competition Finalist. For more information visit www.intelaccount.com.

About Gelco Expense Management

Gelco Expense Management, Eden Prairie, Minn., is a full-service provider of Services On Demand for global expense management. A division of Gelco Information Network, Gelco Expense Management is the largest provider of global expense management and reimbursement solutions processing over 100,000 transactions and making payments of $20 million per day. For more information about Gelco Expense Management, please visit the company's web site at www.gelco.com.

Contact Information

  • For More Information Contact:

    Jodi Lebow
    Gelco Expense Management
    (952) 947-1574
    Email Contact

    David Crane
    IntelAccount, Inc.
    (612) 605-3161 ext. 706
    Email Contact

    Elin Raymond
    The Sage Group, Inc.
    (612) 321-9897
    Email Contact