COMING JANUARY 2020!
The Company Billed Statements module within Concur is utilized for reconciliation and approvals of P-Card statements.
Currently, P-Card transactions come into KFS daily where the reconciler can reclassify the transaction and submit for FO approval immediately.
In the future, P-Card transactions will come into Concur on a Company Billed Statement Report for the P-Card holder daily. The P-Card holder will be responsible for reconciling these transactions and reconciliation can be done on a daily basis. However, submission of the statement for approval by the FO can only be done after the statement closes. The workflow in Concur will be:
- P-Card holder reconciles statement in Concur and submits after statement closes.
- The entire statement will route to the card holder’s direct supervisor for approval.
- The statement will then route the statement to the appropriate FOs for approval of their account transactions.
- Once fully approved the statement(s) will be sent to KFS to be applied to the GL.