Bank of America integrates card data

Bank of America integrates card data

Bank of America is to integrate its corporate and commercial card data with Concur's Web-based travel and entertainment (T&E) expense management solution.

The bank says it will deploy Concor's corporate card integration technology to deliver increased efficiencies and cost-savings through lower data entry costs, better information for analysis and reporting, improved corporate card compliance, and a seamlessly integrated T&E expense management solution.

Concur Expense automates each step of the T&E expense management process - from expense report preparation and approval to policy compliance, data analysis, and reimbursement.

When preparing expense reports travellers are aided by the direct pre-population of expense data from their corporate charge cards. Expense reports are automatically routed to managers, who can approve them online and receive immediate notification of non-compliant entries. These reports are also automatically linked to financial and payroll systems, eliminating the need to re-key expense data.

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