DataServ Launches Time and Expense Outsourcing Capability

St. Louis, MO - June 20, 2005 - DataServ, the leading provider of Document-Centric™ solutions, today announced the launch of its Time and Expense Outsourcing capability. The solution leverages DataServ's receipt imaging services, robust ASP platform, and workflow technology. The value this service will offer clients is the opportunity to reduce costs and increase productivity.

Reuters, a global information company providing information tailored for professionals in the financial services, media and corporate markets, was among the first to leverage the capability. "Our travel and expense management activities are complex," comments Jim Fox, Senior Vice President Finance - Shared Services. "This was a function that we needed to execute more effectively and efficiently, anywhere in the world."

As a result of the solution, Reuters now processes the same volume of expense reports in one-third the time which has created the capacity to spend more time on desired value-added activities. Additionally, the company now has greater recovery of Value Added Taxes (VAT) related to expenses incurred internationally and greater monitoring of T & E sourcing and policy compliance. "This solution has enabled us to increase the productivity of this function by three-fold, and it helps us drive compliance to our T & E policy. What used to take two people now only takes one and we are adding a lot more value to the process. Our savings have actually paid for the DataServ solution," comments Fox.


About Reuters

Reuters is a global information company that provides information relevant to the financial services, media and corporate markets. The company has a reputation for speed, accuracy and freedom from bias. Although best known as the world's largest international multimedia news agency, more than 90% of the company's revenue derives from its financial services business. Over 300,000 professionals working in the equities, fixed income, foreign exchange, money, commodities and energy markets around the world use Reuters products.

The company leverages robust technologies to enable its customers to search, store and integrate information with content from other sources, facilitating the way they work. Reuters provides financial institutions with specially designed tools to help them reduce risk and distribute and manage the ever-increasing volumes of market data.