With ExpenseVisor, each business expense report can incorporate it's own set of expense reporting policy compliance statements. You can also incorporate company guidelines and your complete travel and entertainment expense reporting handbook online and have it available online for each employee.
Sarbanes-Oxley (SOX) is part of current business for U.S. public corporations. Compliance is essential to maintaining shareholder confidence and avoiding penalties. In the U.S. SOX is the most important corporate governance and disclosure legislation in over 70 years.
Section 404 of the Sarbanes-Oxley Act mandates company management must demonstrate that adequate internal controls exist to ensure compliance in the accuracy of all financial reporting.
ExpenseVisor helps regulatory expense reporting policy requirements and reduces your risk of fraud by detecting many erroneous expense entries.
ExpenseVisor does not allow exact duplicate expense reports and exact duplicate expense items are rejected even if entered on different reports.
When ExpenseVisor 'sniffs out' similar expense items, users are alerted. If they believe the item is legitimate and submit it for payment, the system will alert your accounting department of the duplication for their review.
The ExpenseVisor experience provides the following as well as options and customizations: