Concur Expense provides organisations with visibility into their employee spend, assuring that all corporate policies and government requirements are followed. All organisations – public, private, small or large – need strong internal controls to monitor control and compliance.
With Concur Expense, defined business rules are written into the solution, specific to each organisation, designed to ensure that every employee expense is within policy and without fraud. Expenses that are out of policy, as defined by business rules, are tagged and alerts are sent to management. Concur’s 360 degree view into all employee expense data helps organisations internationally enforce policies and monitor compliance, all while delivering unprecedented control and valuable insight.
The powerful workflow of the Concur Expense receipt validation process randomly audits receipts based on an organisation’s customised policies and procedures. Concur offers an outsourced service that streamlines the process of managing and checking the validity of receipts, significantly cutting audit costs while introducing a higher level of control. Concur® Audit is designed to satisfy the unique needs of your organisation, providing dedicated auditing resources that verify your employees’ expense receipts and provide the appropriate level of control to ensure compliance.
With Concur helping to manage the expense claim process, advanced attendee tracking and reporting functionality captures and provides access to data needed to produce reports in accordance with European and local regulations. Companies in industries where these regulations are critical can now have complete visibility into sales and marketing pounds spent on fuelling company growth. Attendee Tracking allows organisations to comply with European and local guidelines by:
- Capturing and tracking spend data on clients, prospects, and partners
- Auditing employee spend and non-compliance by sending flags to managers
- Producing compliance reports
Concur is committed to protecting the security of our clients and their employees’ personal information. We use a variety of security technologies and procedures to help protect personal information from unauthorised access, use, or disclosure. For organisations interested in more information about Concur’s compliance with the Sarbanes-Oxley Act.
To learn more about how Concur Expense can increase control and compliance in your expense claim process, contact a Concur representative today.