Aggregate spend compliance is about to get a whole lot easier for Concur customers
Princeton, NJ (PRWEB) February 09, 2012
R-Squared Services & Solutions, an industry leader in evidence-based compliance solutions, is pleased to announce its partnership with Concur®, the leading provider of integrated travel and expense management solutions. This strategic alliance merges R-Squared’s SpendTracker® module with Concur’s expense reporting solution via the Concur Connect Platform, resulting in the optimal solution to streamline and facilitate compliance with the federal Physician Payment Sunshine Act requirements, and the growing body of transparency disclosure laws, which are known as “aggregate spend” reporting laws.
The seamless and real-time integration of SpendTracker and Concur will reduce the amount of time spent by sales representatives and others entering the needed data for compliance. Users will have the ability to search their master data of physicians and other health care professionals (HCPs) stored in SpendTracker directly through the Concur interface, minimizing hassle and the risk of incorrect HCP selection. Similarly, sales reps will be able to initiate a review and approval process for the addition of HCPs and other third parties through Concur, saving time and minimizing effort.
“Aggregate spend compliance is about to get a whole lot easier for Concur customers,” said Barry Padgett, EVP, Concur Connect Platform. “Leveraging the Concur Connect Platform – which enables customers, suppliers, and developers to access and extend Concur’s T&E cloud – Concur’s integration with SpendTracker will allow our customers to exchange important data in real time through Concur, offering simplicity and efficiency, which is exactly what our customers want.”
“An effective solution is one that enhances compliance and minimizes administrative burden, and this does just that,” said Michael Bell, CEO of R-Squared. “The connected solution reduces the burden on sales reps while increasing data accuracy, making it a true win-win for both compliance and the business.”
R-Squared Services & Solutions, Inc. (R-Squared) is software group that helps companies develop more efficient and effective ways to assure compliance with the web of regulations and laws affecting the organization. We are especially good at translating regulatory requirements into workable tools and practices that simplify the task of abiding by regulations — while generating solid evidence of compliance at the same time. We’re about tighter compliance, with fewer burdens. R-Squared is uniquely qualified to provide these services because of the vast depth of internal subject matter expertise starting with its CEO, Mike Bell, Esq. and it’s team of health care attorney’s and former compliance officers actively involved in the functional development of the entire suite of compliance solutions.
Concur is a leading provider of integrated travel and expense management solutions. Concur’s easy-to-use Web-based and mobile solutions help companies and their employees control costs and save time. Concur Connect is the platform that enables the entire travel and expense ecosystem of customers, suppliers, and developers to access and extend Concur’s T&E cloud. Concur’s systems adapt to individual employee preferences and scale to meet the needs of companies from small to large.