DATABASICS and Runzheimer International Extend Partnership through 2014

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DATABASICS and Runzheimer International Extend Partnership through 2014

Agreement solidifies commitment for partnership

Reston, VA — March 10th, 2011 — DATABASICS and Runzheimer International today signed an extension to their partnership agreement to commit to work together for another 3 years. Included in the extension agreement is the opportunity to Runzheimer to continue .

Available immediately for joint DATABASICS Expense Reporting and Cornerstone iBank customers, the new solution gives enterprises the flexibility to seamlessly match ghost card travel transactions with the proper traveler, allowing for a detailed association in the expense report of the transaction. Once transactions are matched in the expense reporting solution, standard reports can be generated to reconcile and analyze ghost card transactions.

“Most companies have no visibility into the individual details of a ghost card statement, which is critical for agile enterprises to operate effectively and efficiently,” said Alan Tyson, DATABASICS CEO. “With Cornerstone, we can instantly take bulk, non-descript, transactions of the ghost card and associate all the details companies require. This is of great value to corporations directly, and to the TMCs that support them.”

“Our corporate customers face the daunting challenge of ghost card reconciliation every day. It is a labor intensive and costly task that must be done,” said Alan Minton, Cornerstones’ Senior Vice President. “The integration of Cornerstone and DATABASICS technologies enables the seamless merge of the critical data and significantly streamlines the process of identifying and appropriately allocating travel expenses.”