GE Introduces Synergy 2000 GE Seeks Fleet, T&E Synergy

<B> GE Introduces Synergy 2000 GE Seeks Fleet, T&E Synergy</B>

By Deborah Mora

<I>Stamford, Conn.</I> - On a mission to improve efficiency and consolidate corporate expense management, GE Capital announced in late July its new Synergy 2000 desktop reporting system for both travel and entertainment and fleet card expenses.

The system lowers costs, provides comprehensive reporting and increases convenience by enabling corporate administrators to use one software package to access all their T&E and fleet card data, and one piece of plastic for both expense types.

The reporting software interface was designed to look and feel like a Web browser to make it easier to access reports. Equipped with a powerful database, the system has the ability to track the impact of rewards, limit management and fuel management.

"It can handle a tremendous volume for customers," said Mitch Gross, marketing vice president of GE Capital Corporate Expense Management Services, adding that Synergy 2000 "really is geared around all the practices of running a program. It's efficient and it can answer questions thoroughly and quickly."

Gross said nearly 80 percent of GE's T&E clients use the new desktop reporting management system.

Synergy 2000 lets administrators review card use data, spending patterns and totals. It also offers the flexibility of letting departments analyze and report on only their T&E and fleet activities, or merge their information with that of other departments within the company. Other features include custom report options, report printing scheduling and policy compliance enforcement.

Synergy 2000 recognizes transactions that do not comply with fleet managers' standards. During each log-on, a red icon on the desktop alerts managers of any of the previous day's exception reports, and with a click, a detailed list appears. Managers also can use the "policy watch" feature to identify specific out-of-compliance behaviors. Users can create and store as many policy watch routines as they like. Reports can be programmed to run at a specific time daily or overnight.

The reporting software is available on a service bureau basis.