STOCKHOLM, November 23, 2010 /PRNewswire/ -- Swedish eBuilder has been contracted to supply its travel and expense management functionality to Volvo Cars (VCC) during the next three years. Initially the solution will be available to all Volvo Car employees in Sweden and Belgium with the possibility for a global rollout in the future. The service, provided on a convenient subscription basis, began on November 15, 2010.
"We won this order thanks to several factors: our exceptional functionality, architecture, delivery time and financing model," says Bengt Wallentin, eBuilder co-founder and CEO. "Ease of use is also a real strength. Volvo employees will be able to quickly enter their expenditures. The net benefit on both the individual user level and the organizational level is less administration and fewer errors."
Unique advantages yield big savings
The most crucial aspect of eBuilder Travel is the system's ability to integrate all the participants in the customer's travel value network. This includes thousands of collaborating businesses, such as airlines, railroads, hotel chains, car rental companies, credit card issuers, banks and tax authorities. These integrations, together with eBuilder's business logic, give customers one highly optimized and smoothly functioning application with which to handle their employees travel needs, from orders to reimbursements. In the process, the customer gains total end-to-end control of their organization's travel processes.
Gathering all travel-related expenses into one comprehensive cloud system makes it much easier to analyze statistics and travel-related costs. For example, eBuilder Travel performs accurate cost projections to enable more effective budgeting and allotment of financial responsibility. The system also provides automatic calculations of Per Diems as well as important tax-related inputs for both the Swedish and Belgian tax authorities. "We're pleased to be making this delivery to the newly independent Volvo Cars," says Wallentin. "With our strong internal culture of innovation, our customers put high demands on our functionality, flexibility and user friendliness. This, in combination with short delivery time, again proves that we can successfully deliver our Cloud Processes to the largest corporations."
Presently, some 75 corporations, 350 companies and 400,000 employees in the private and public sector use eBuilder's travel functionality in their electronic business processes. In many cases, eBuilder has helped these organizations slash travel-administration costs by 50% and actual travel costs by 20 to 30%.
eBuilder is the leading global supplier of Cloud Processes that enable companies and organizations to automate, control, and manage their value networks for Travel and Expense Management, Procurement, Supply Chain, and Financial Transactions. eBuilder is unique in its ability to deliver many standard processes on the same platform and to customize both processes and integrations. Today, eBuilder has customers in over 60 countries. Operations are managed from Stockholm, Sweden with regional offices in Australia and Sri Lanka. We have over 500.000 end users. For more information please contact:
Bengt Wallentin, CEO eBuilder E-mail: Bengt.Wallentin@ebuilder.com Phone: +46-73-545-22-63