BMO Financial Group this week announced an alliance with IBM
to supply automatic card data feeds into IBM's Global Expense Reporting System.
BMO now will feed expense data from both BMO and Diners Club
corporate cards, both of which operate on MasterCard's network, directly into
IBM's tool, cutting the time needed to fill out expense reports. Terry
Wellesley, executive managing director and group head of BMO Spend &
Payment Solutions, said the agreement will boost BMO's ability to handle global
expense management needs, as IBM's tool is deployed in more than 85 countries
and can support 35 languages and country-specific tax rules.
"Our approach has always been to listen to customers
and tailor solutions to meet their immediate and long-term needs,"
according to Wellesley. "That means freedom to choose from an array of
best-in-class solutions."
The agreement also includes discount pricing on IBM's
expense tool for BMO and Diners Club clients.