Home | Business News | Browse by Publication | B | Business Travel News

Vendors, buyers diverge on expense auditing process.

Publication: Business Travel News
Publication Date: 27-OCT-03 		Format: Online - approximately 862 words
Delivery: Immediate Online Access

Article Excerpt
A new report released by Geac--the parent company of Extensity Inc.--raises questions about how much a company should audit and which reports it should audit. The results released this month of a 32-client expense report auditing best practices and benchmarking study, found that the majority of companies using the Extensity system audited between 10 percent and 25 percent of expense reports. Other expense vendors disagweed on the exact percentage of reports a company should audit.

Redmond, Wash.-based Concur Technologies said the benchmark for auditing incoming expense reports should peak above 25 percent. "With the focus that Sarbanes-Oxley has placed on the expense management process, companies are doing more auditing because they have to attest to the legitimacy of their process controls," said Elena Donio, Concur vine president of...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Business Travel News
Distinguishing service delivery., November 24, 2003
The science of service: analyzing the elements of quality assurance., November 24, 2003
SLAs, traveler surveys remain key travel agency service tools., November 24, 2003
Travel managers want agencies to do more, but not everthing., November 24, 2003
Air apparent: what corp. buyers, flyers want from carriers., November 24, 2003

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.