SDCExec.com |

Rochester, NY — October 9, 2008 — Paychex, Inc., a provider of payroll and human resource services, and ExpenseWire, a Rearden Commerce company and provider of on-demand expense management solutions, today announced the availability of Paychex Expense Manager, an integrated payroll and expense management solution to help small and midsized businesses (SMB) control discretionary spending while giving their employees the convenience of preparing and submitting expense reports online via a secure tool.

ExpenseWire's technology will power Paychex Expense Manager, expanding the software-as-a-service portfolio offered by Paychex Major Market Services. The combined solution is designed to streamline the process of submitting and reviewing expense reports and speed reimbursements to employees by allowing payments to be made through payroll, which can also reduce costs for customers.

"Payroll and expense management complement each other," said Michael A. McCarthy, vice president of sales for Paychex Major Market Services. "In today's economy, companies are looking for ways to save money and become more efficient. With Paychex Expense Manager, our clients will realize operational savings while giving their employees a better experience."

Andrew Vaeth, CEO and founder of ExpenseWire, added: "Traditional expense reporting diverts time from valuable company resources. With Paychex Expense Manager, SMBs have access to an inexpensive expense tool that gives them more visibility and control so they can stay focused on running their business."

According to industry research, millions of American workers use spreadsheets or other manual methods to submit expense reports. In addition to lost productivity and increased administrative costs, businesses often lose visibility into spending patterns and miss opportunities to control inappropriate spending or even fraud.

Paychex Expense Manager takes advantage of ExpenseWire's "rules engine," which warns approvers if an expense is outside of allowable limits, enabling them to manage expenses down to the line item. In addition, its credit card integration feature enables transaction history to be automatically loaded for both corporate and personal cards, which can be beneficial to employees who frequently use personal credit cards for corporate expenditures.

Paychex Expense Manager streamlines the process of filing, reviewing, approving and reimbursing employee expense reports online. It provides organizations with increased control over employee spending, and can be deployed quickly throughout the entire organization.