Wednesday, February 8, 2012

ExpenseAnywhere Announces Ghost Card Module to Help Companies Reconcile Centrally Billed Travel and Expense Accounts

ExpenseAnywhere, a market leader in integrated travel and expense management solutions, announced the release of their Ghost Card Module to empower clients to track, allocate, reconcile and manage the travel-related expenses charged to their centrally billed accounts or “ghost cards.”  With this functionality, ExpenseAnywhere is bringing total automation and transparency to the management of ghost card spending, which is an otherwise daunting and arduous task for most accounts payable professionals. 

More and more businesses are utilizing centrally billed accounts or ghost cards to pay for their employees’ and visitors’ travel expenses. However, managing such expenses is a dreaded and time consuming task for accounting departments and has become a serious concern for many corporate CFOs.  Typically, ghost cards have simplified the purchasing of travel inventory; however, managing such expenses has become increasingly difficult.  To address this market need, and the requirement of its growing roster of clients utilizing centrally billed accounts for travel, ExpenseAnywhere added this functionality to their already robust and easy-to-use web-based travel and expense solution. The ghost card functionality effectively automates the flow of information and automatically assigns expenses to the appropriate users or their aliases to seamlessly achieve 100% allocation and reconciliation of the data in a few clicks.

The Ghost Card Module seamlessly integrates with ExpenseAnywhere’s Intelligent Reporting feature, which automatically matches booked itinerary data with credit card data, irrespective of whether it is a corporate card, a ghost card or a personal card, to create an Intelligent Expense Report, ready for submission. 

“With the addition of the Ghost Card Module to our ExpenseAnywhere solution, our clients can feel assured that their TMC accounts are fully reconciled and properly allocated instantly, easily and efficiently. Most companies have limited visibility into such spending and their accounting departments are faced with a daunting task of reconciling their ghost card charges. With our ghost card functionality, they achieve complete transparency and control on such spending,” says Ashok Dhar, CEO of ExpenseAnywhere.

With this latest announcement of their Ghost Card Module, ExpenseAnywhere continues to deliver robust solutions that add value and provide phenomenal return on investment for their clients as well as improved operational efficiencies.  

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