GxWorks announces ITEM v1.5, the latest release of the Incentivized Travel Expense Management system.

Atlanta, GA May 12, 2006 -- Atlanta, GA May 12, 2006 -- GxWorks, a technology consulting firm specializing in enterprise technology architecture, today announced the release of ITEM v1.5, the latest release of the Incentivized Travel Expense Management system.

ITEM provides a unique approach to T&E management which enables companies to both incentivize lower travel spending and to pinpoint areas of excessive cost. Starting with v1.5, ITEM has been separated into three modular components which can be utilized by clients individually or as an integrated package. The ITEM Expense Management, Incentive, and Analytics modules are available immediately. The ITEM Incentive and Analytics modules can be integrated with clients' existing expense managements systems to provide enhanced analytics and ITEM's unique incentive program.

GxWorks Director of Business Development Praveen Ghanta said, "ITEM 1.5 enables companies to leverage their existing investments in expense management systems using ITEM's unique target-based model. This release broadens the potential ITEM client base considerably, since a significant percentage of major corporations already have an expense management system in place."

ITEM v1.5 is composed of three major product offerings: Expense Management, Analytics, and the Incentive Program. ITEM Expense Management provides a complete online expense reporting solution, including support for complex approval workflows, company T&E policy limits, digital receipt management, and integration with financial systems. The ITEM Incentive Program enables clients to reward employees when they spend less than the expense target for a trip. GxWorks manages the rewards distribution process as part of the Incentive Program, and since fees for the program are based on savings realized, clients can realize immediate ROI. ITEM Analytics uses ITEM's underlying expense targeting capabilities to help clients determine which employees, air routes, and travel destinations are driving spending.

About GxWorks
GxWorks (formerly Beltech Solutions) is a privately held technology architecture and research firm located in Atlanta, Georgia. GxWorks' core technology architecture practice focuses on utilizing novel information and system architectures to solve business problems. In addition, GxWorks is currently focused on the delivery of ITEM, which enables clients to use reward programs to incentivize their employees and consultants to reduce T&E expenditures. Since 2000 GxWorks has provided technology solutions for firms in the financial services, telecommunications, and energy industries. GxWorks' principals combine industry experience with results-oriented research capabilities to produce innovative solutions for their clients. GxWorks' clients have included Deutsche Bank, Sapient, Cingular, PG&E, Taylor-Made, and Moore Capital.