Thursday, 09 February 2012 08:28
Aggregate spend compliance is about to get a whole lot easier for
Concur customers
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.”
About R-Squared
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.
About Concur
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.