FOR IMMEDIATE RELEASE
Media Contact: Tracey Lopes
Ruesch International
tracey.lopes@ruesch.com
1 (800) 252-4685

Gelco and Ruesch Alliance Helps Clients Reduce Complexity of Multinational T&E Expense Management

MINNEAPOLIS/WASHINGTON, D.C.—May 23, 2007— Gelco Expense Management and Ruesch International today announced an alliance to help clients standardize and streamline travel and entertainment (T&E) expense processes on a multinational scale.

T&E expense management can be complex for organizations with a sole location; however, it can be even more complex for organizations with multiple locations worldwide. Organizations must accommodate cultural differences, business processes, regulatory requirements, currency exchange and payment processes.

The partnership is an extension of the natural synergies between the two companies. Both companies provide solutions that help organizations reduce complex processes associated with multinational expense management through automation and outsourcing.

“Gelco has proven to be a technology leader in their space and we are excited about the power that our technology and payment infrastructure provides as a natural extension of their capabilities. With this strategic alliance, each company will be able to provide its respective clients with additional value and market leading solutions.” said John M. Perry, Executive Vice President of Sales and Marketing, at Ruesch International which offers full-service corporate payment processing and foreign exchange.

“Gelco is committed to helping our multinational clients automate relevant local business policies while standardizing business processes and gaining access to complete enterprise-wide spending data for insight and analysis” said Brian Provost, chief operating officer for Gelco Expense Management. “Gelco’s alliance with Ruesch opens new opportunities for clients seeking additional ways to reduce the day-to-day complexity of managing multinational T&E expenses allowing financial departments to focus on their goals for business growth.”

About Ruesch International
Ruesch International is a leading global financial institution specializing in international business-to-business payment products and solutions. The corporation has full-service corporate foreign exchange operations in Australia, Switzerland, the Czech Republic, the United States, and the United Kingdom that serves more than 15,000 corporate clients. Each year, Ruesch’s international payment consultants develop risk management strategies and global payment solutions that help clients manage nearly $30 billion in payment transactions worldwide. Ruesch International is principally owned by the private equity firm of Welsh, Carson, Anderson & Stowe.

About Gelco Expense Management
Gelco Expense Management is a full-service provider of Services On Demand for global expense management. A division of Gelco Information Network, Gelco Expense Management is the largest provider of global expense management and reimbursement solutions processing over 100,000 transactions and making payments of $20 million per day. For more information about Gelco Expense Management, please visit the company’s website at www.gelco.com.

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