Benefits

• Allows you the cost efficiencies of procurement and travel card programs while reducing the risk
• Ensures you’re properly charged and invoiced by merchants and vendors
• Ensures rapid yet accurate reimbursement of valid employee expenses
• Alleviates the potential for employee collusion
• Ensures established policies are properly enforced
• Lets you track electronic merchant invoices and travel & expense reports as frequently as they arrive, instead of reconciling once a month
• Allows you to identify and address unnecessary and/or missing constraints throughout the purchasing and expense reimbursement processes
• Lets you determine the validity of each purchase / expense
• Ensures proper maintenance in financial systems when cardholder / employee status changes
• Enables you to evaluate spending patterns over time to fine-tune policies and negotiate discounts
• Facilitates active, 100 percent auditing
• Serves as a deterrent for fraud
• Eliminates the work of discovering issues, pointing you directly to problems
• Provides permanent documentation of exception handling for compliance with the OMB
• Provides proof of policy violations and fraud in support of employee termination and recovery actions
• Lets you begin monitoring your processes quickly with out-of-the-box functionality