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By:  ExpenseWire.com
January 3, 2007

ExpenseWire® Achieves Substantial Adoption with Stellar Year in 2006.

Wooster, Ohio – ExpenseWire.com, a leader in on-demand expense report management software, today announced that 2006 was a record year across all measures.  The company stated that the pace of subscriber growth had exceeded 100% per quarter during 2006, reflecting strong demand for their web-based solution.  In addition to this rapid organic growth, several large strategic deals created substantial revenue growth and access to tens of thousands of new organizations.  According to the company, some particularly notable achievements during 2006 include:

  • Identified by Inc. Magazine as the “road warrior’s best” expense reporting solution on the market.
  • Entered into substantial, multi-million dollar contract to deploy ExpenseWire to tens of thousands of organizations comprising hundreds of thousands of new users.
  • Completed a host of leading-edge integrations, including (among others) becoming a certified integration partner with Salesforce.com.
  • Achieved extraordinary viral momentum with web trials and new accounts.
  • Retained over 95% of all licensees signed during 2006.

"We are very encouraged by the traction we achieved in ’06,” said Andrew Vaeth, President of ExpenseWire.com.  “Our team has done a great job delivering value to a process that traditionally has had so much waste.  Organizations big and small are discovering that relief from the headaches of expense report management can come easy, fast, and affordably.   What’s more, because of the rapid user adoption and the nature of our software delivery model, our solution has truly come to represent the best practices of the collective.  ExpenseWire.com literally gets better each day as a result of constant user feedback.  The future looks very bright and we’re thrilled with the market’s warm and enthusiastic reception.”

The company has also received significant interest from and early traction with a number of key channels and complimentary software vendors.  Many see ExpenseWire as key to their customer retention strategies and a lynchpin of maintaining solution utilization.  The company also credits its growth to its unique integration processes with users’ credit cards, its automatic electronic reimbursement engine, as well as its effective “rapid launch” approach which allows organizations to get up and running quickly, without capital investment.  The ExpenseWire.com solution does not require the customer to sign contracts or pay set-up fees, and invites each potential customer to a free 30-day trial of the system.

About ExpenseWire.com

Enabling organizations to quickly automate and control their travel and entertainment expenses, ExpenseWire.com is designed and offered by SamePage Solutions, a creator of world-class on-demand workforce solutions.  For more information about ExpenseWire, please visit http://www.expensewire.com.

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