Convercent Joins Concur App Center
(Thomson Reuters ONE) -
Convercent's Ethics Cloud Platform Integrates With Concur to Proactively
Monitor, Manage Gifts, Travel and Entertainment
DENVER, CO--(Marketwired - Oct 3, 2017) - Convercent today announced the
integration of its Ethics Cloud Platform(TM) with Concur®, the leading provider
of travel, expense and invoice management solutions. The Convercent Disclosures
application now includes additional functionality for Gifts, Travel and
Entertainment (GT&E). It provides a powerful way to ensure employee compliance
with codes of ethics and conduct during business travel, as well as safeguard
companies from regulatory scrutiny and enforcement action.
"Ethics & compliance policies are essential, but they simply aren't enough. To
maximize the effectiveness of any ethics & compliance program, companies must
address issues, like conflicts of interest, holistically and proactively," said
Patrick Quinlan, CEO of Convercent. "Our integration with a leading software
provider like Concur will not only deliver more granular data to our customers,
but also actionable insights that maximize program impact, prevent COIs and
empower leaders to truly drive ethics & compliance to the center of their
organizations."
According to the US Department of Justice, next to cash bribes, GT&E are the
single most tangible form of conflict of interest (COI). GT&E is also one of the
most commonly addressed COIs across all companies, regardless of size,
geographic reach, or industry. And while GT&E can help build strong
relationships with various business partners, it also has the potential to
create COIs, or at least the appearance of a conflict.
"There are unique and continually changing compliance and regulatory rules in
every market," said John Gibbon, Senior Vice President of Platform at Concur.
"Convercent's Ethics Cloud Platform in the Concur App Center will help
businesses keep up with the growing demands of global business travel, while
empowering travelers with critical information they need to know while they're
on the road."
To date, a company's ability to take in and monitor disclosures of gifts, travel
and entertainment has been limited to manual entry of incomplete information
from employees and tedious reconciliation of all expenses by compliance teams.
Companies have also struggled to deliver need-to-know ethics & compliance
information in a digestible, tailored format to keep high risk ethics and
compliance issues top of mind, often relying on annual trainings that are easily
forgotten and outdated.
By integrating itinerary and expense data from Concur with GT&E disclosure data
from Convercent, Convercent Disclosures will offer ethics & compliance teams a
way to proactively monitor and audit transactions in real-time. It will enable
early detection of inappropriate requests for GT&E, increase visibility into
high-risk travel transactions through analysis of COI records, and potentially
reduce operational costs to the organization of non-compliant transactions.
The application will also offer an easy way for employees to understand and
fulfill corporate responsibilities during business travel. Convercent
Disclosures sends employees personalized, real-time reminders via text message
or push notification of how to act in accordance of codes of ethics and business
conduct. For example, if an employee travels abroad on a business trip, based on
itinerary information found in Concur, Convercent will automatically send the
relevant company policies and expectations and have her attest to any necessary
policies.
"We're delighted to be partnering with Concur, the industry leader in spend
management. The integration with Convercent Disclosures advances our mission of
helping customers weave ethics and values into everyday operations," said Philip
Winterburn, chief product officer at Convercent. "The new GT&E functionality
changes the game for compliance and ethics executives by providing them with
automatic, real-time insights into potential conflict-of-interest issues when
and where they arise."
Convercent will be available in the Concur App Center in the first half of
2018. Offering apps with streamlined integration with Concur Travel, Expense and
Invoice products, the Concur App Center delivers innovative functionality in key
categories such as finance, regulatory compliance, enterprise identity, traveler
productivity, travel management and much more. For more information, visit:
https://www.concur.com/app-center.
About Convercent
As a leading provider of ethics and compliance software, Convercent weaves
ethics and values into everyday operations at some of the world's largest and
most admired companies. Its Ethics Cloud Platform, which includes applications
for Insights, Helpline, Campaigns, Disclosures and Supplier, leverages a global
dataset to deliver business leaders the insights required to make proactive,
informed decisions about their company's ethical health. Companies use
Convercent to engage with employees, understand organizational risk and create
opportunities for stronger, sustained business performance.
Convercent partners with nearly 600 global companies on their ethical journeys,
including Microsoft, Tesla, Four Seasons Hotels and Resorts, Capgemini and Under
Armour. Customers span all industries, regions and sizes and represent a growing
breed of business leaders who care deeply about driving ethics to the center of
their organizations. Convercent is based in Denver, CO and backed by Sapphire
Ventures, Tola Capital and Azure Capital Partners.
Contact Information
Contact:
Emily Busse
ebusse(at)launchsquad.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Convercent via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 03.10.2017 - 16:00 Uhr
Sprache: Deutsch
News-ID 562292
Anzahl Zeichen: 6607
contact information:
Town:
London
Kategorie:
Business News
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"Convercent Joins Concur App Center"
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