In Berlin, Bangkok and Bogotá

With a market-leading presence in over 40 countries around the world, international growth remains one of our largest opportunities and a multi-dimensional one. To understand this growth potential, it is helpful to compare recovery rates to those in our U.S. market. Overseas AP recovery rates are lower than U.S. rates and represent an enormous opportunity for more improvement.

Our subsidiary, Meridian Group, is the world’s leading provider of international VAT Recovery, and has now developed equivalent expertise in automating and streamlining the purchase-to-pay cycle, enabling clients to identify, control and significantly reduce costs while maximizing efficiencies. Meridian’s T&E expense management solutions not only contribute to reducing overall T&E spend, but in addition remove the administrative burden of back-office processing.

We are uniquely positioned to deliver our services across our clients’ global operations. By sharing best practices, applying proven technologies and methodologies and expanding the scope of our audits, we will better tap the potential of global markets.

Statements made in this document which look forward in time involve risks and uncertainties and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These risk factors are detailed in our Securities and Exchange Commission filings, including the Company’s 10-K, included with this document. The Company disclaims any obligation or duty to update or modify these forward-looking statements.