BMO partners with CyberShift to create mobile expense reports

San Diego BMO Spend & Payment Solutions, a division of BMO Financial Group on Wednesday announced a strategic partnership with CyberShift.

The partnership with CyberShift combines BMO’s corporate card solutions with CyberShift’s expense-management solution, allowing employees to reduce time and effort in completing expense reports.

“Organizations realize that employee travel is an essential part of doing business but with every trip come a complex series of expense reports,” said Terry Wellesley, managing director, BMO Spend & Payment Solutions. “Our card program coupled with CyberShift’s automated expense management solution gives employees, managers and organizations a sure-fire vehicle to submit, approve, certify and receive reimbursement in record time.”

BMO’s T&E card program has a mobile application, allowing employees to create expense reports from their smart-phone devices and submit those reports to managers in an easy-to-read and easy-to-approve format. The solution automatically populates the expense report with card data -- airline charges, hotel folio data, restaurants and taxis -- eliminating the need for paper receipts. Any cash expenditures can be captured using a digital scanning system.

“Providing employees with a quick and easy tool to file expense reports not only results in increased individual productivity and satisfaction, but also gives organizations immediate visibility into business travel expenses,” said Robert Farina, CEO, CyberShift. “With this data, organizations are better positioned to manage and control their employee business expenses.”