Extensity Inc. (Nasdaq: EXTN), a leading provider of Internet-based workforce optimization solutions, today announced that it has partnered with Sabre Business Travel Solutions( to provide an integrated e-commerce solution to approve, book, fulfill and expense corporate travel. This is the only workforce optimization solution with a travel procurement and fulfillment application embedded in the offering to provide seamless business travel planning, transacting and reporting.
Under the terms of the agreement, Extensity will bundle the Sabre BTSSM travel management system with Extensity’s travel planning and expense reporting software for resale to new and existing Extensity and Sabre Holdings Corporation (NYSE: TSG) customers.
“This relationship combines the leader in workforce optimization and the leader in Internet-based travel solutions. Together we are in the forefront of corporate travel management,” said Bob Spinner, president and CEO of Extensity. “Combining the Sabre BTS corporate travel solution with our travel planning and expense reporting tools, we are able to offer our customers the best of the best, all from one single sign on and with one consistent user interface.”
Extensity Connect leverages XML and commerce standards for the B2E hub. The Extensity Connect B2E hubs, which provides a central resource to optimize employee productivity, includes:
The joint offering provides Extensity customers a complete end-to-end travel procurement and expense management solution that can be accessed through one common user interface, with a single user sign on. The solution enables corporate travelers to:
shop for the best air, hotel and rental car fares that are consistent with company policy, and book itineraries via the Internet
route itineraries through the corporate approval process for pre-trip authorization, when appropriate
receive tickets for approved itineraries
modify itineraries using the online solution, calling a travel agent or accessing a wireless device
automatically create and pre-populate an expense report upon completing a trip
download corporate card transactions directly into expense reports
be reimbursed for travel within days of completing an expense report instead of months
“We are laser focused on automating the total travel transaction. Streamlining processes will lower transaction costs, directly impacting a company’s bottom line,” said Scott W. Smith, vice president and general manager of Sabre BTS. “Extensity has tremendous momentum in the workforce optimization space, and our integrated solution will drive new levels of value for our customers.”
Sabre BTS allows business travelers to make their own travel arrangements on their desktops while complying with corporate travel policies. In addition, it enables corporations to track every dollar from pre-planning and purchasing to expense reporting and reimbursement - giving the potential to save as much as 30 percent in total travel management costs. It is in use today by more than 350 customers - more than any other corporate travel management system
Sabre is the global leader in applying information technology to meet the needs of the travel and transportation industries with advanced and innovative technology skills to deliver progressive solutions. Headquartered in Dallas/Fort Worth, Texas, the company has more than 10,000 employees worldwide who span 45 countries. Sabre reported 1999 revenues of $2.4 billion, up 5.6 percent from 1998. Net earnings excluding special items were $264 million, up 15.2 percent from the prior year. More information on Sabre is available on the World Wide Web at http://www.sabre.com. Sabre and the Sabre logo are registered trademarks of an affiliate of Sabre Inc.
Extensity provides Internet-based workforce optimization solutions designed to improve the productivity of employees across the enterprise and to enhance operating efficiency. Extensity’s solutions transform the way companies do business by automating routine and time consuming administrative tasks including management of: travel and expense, procurement and billable time so that employees can focus on higher-value core business activities. As a result, enterprise organizations are able to realize a rapid return on investment. Extensity has over 300,000 seats licensed worldwide to 70 customers, including: BEA Systems, Cendant Business Services, Cisco Systems, Clarify, Documentum, Genesys Telecommunications, Home Box Office and Sybase. More information is available at www.extensity.com.