Press Release Summary:
ConcurÂ® Audit Service enables clients to report and classify employee expenses in accordance with corporate and regulatory policies. It provides dedicated auditing resources to streamline process of managing and substantiating expense receipts. Customizable service can conduct random audits at any level or 100% audits that target specific users or groups.
Original Press Release:
Concur Technologies Introduces Concur Audit Service to Validate and Verify Client Expense Receipts
Concur Audit Service provides dedicated resources to audit employee expense receipts, reducing costs while assuring control and compliance.
REDMOND, Wash., Oct. 3 -- Concur Technologies, Inc. (NASDAQ:CNQR), the world's leading provider of on-demand business services that automate Corporate Expense Management (CEM), today announced the availability of Concur® Audit Service, a service that addresses one of the most time-consuming portions of the expense reporting process -- the verification of employee expense receipts. This new service helps clients accurately report and properly classify expenses in accordance with corporate and regulatory policies by verifying the accuracy and validity of expense receipts submitted by employees.
"More and more companies are looking to outsource the costly and time- consuming internal processes that assure that their corporate spend is under control and in compliance with company policy," said Rajeev Singh, president & COO of Concur Technologies. "Complete control and visibility into travel and entertainment spend is only possible through a seamless end-to-end solution. Concur is the only company that addresses all aspects of an organization's travel and expense management process -- from online travel procurement to expense reporting and payment -- leveraging robust receipt imaging and flexible auditing services to help them comply with their policies while reducing costs."
Concur Audit Service provides dedicated auditing resources to help streamline the process of managing and substantiating expense receipts, significantly cutting audit costs while introducing a higher level of control over corporate travel and entertainment (T&E) expenses. Leveraging the paperless efficiency of Concur® Imaging Service, the service helps clients accurately report and properly classify expenses, even identifying those expenses that should be treated as taxable income for employees. Customizable and flexible enough for any organization, Concur Audit Service can conduct random audits at any level to meet the client's needs while also conducting 100% audits that target specific users or groups.
Concur Technologies, Inc. is the world's leading provider of on-demand business services that automate Corporate Expense Management (CEM). Concur's integrated suite of on-demand CEM services enables organizations of all sizes to automate and control spending -- driving the costs out of the corporate travel booking and expense reporting processes while providing enhanced visibility and actionable expense analysis. Concur's services reach millions of employees across thousands of organizations around the world -- streamlining business processes, reducing operating costs and improving internal controls -- while empowering companies to apply greater insight into their spending patterns. More information about Concur is available at www.concur.com .
Source: Concur Technologies, Inc.
Web site: www.concur.com/