American Express on Monday announced the availability of a Chinese-language software package, called iDo Travel, that company officials said is designed to help Taiwanese companies save millions of dollars managing their corporate travel and entertainment expenses.
Taiwanese companies spend "in excess of NT$100 billion (US$2.9 billion)" on travel and entertainment every year, of which roughly 10 percent is related to administrative costs required to manage and process those expenses, said Howard Allen, American Express' vice president of corporate services sales, Asia-Pacific.
The iDo Travel application, which has a Chinese-language interface developed by Acer's Design, Manufacturing and Services division, is designed to help Taiwanese companies reduce their travel and entertainment costs by streamlining the processing and tracking of those expenses, Allen said.
American Express can reduce Taiwanese companies' total travel and entertainment expenses by between NT$8 billion to $10 billion with iDo Travel, Allen said.
For its part, Acer expects to save NT$12 million per year using iDo Travel and will reduce the time required to process expense payments from between two to three days to less than one day, according to a statement released by the company.
Based on a Web interface, the iDo Travel application tracks employee expenses paid for using an American Express corporate card. Instead of paying multiple companies, such as airlines, hotels and car rental agencies, that provide travel-related services, companies can use iDo Travel to directly reimburse employees that have been issued American Express corporate cards. The application also allows companies to track travel and other expenses.