Reconciliation Fact Sheet

Let’s take the work out of reconciling employee spend.

OVERVIEW
 

American Express @ Work1 Reconciliation is a free 24/7 tool that can help put time back in your day by taking steps out of the reconciliation process. Let’s take the work out of reconciling employee spending.

Eliminating inconvenience by automating the invoicing process.

 

If you’re trying to account for employee spending that cannot be captured on an invoice, you’re spending hours sorting through the steps to reconcile those charges—then more time uploading that data to your accounting system.

And if your company has complex accounting rules or requires that you allocate a single transaction across multiple budgets—or if you’re tracking down data from third-party suppliers or reconciling Purchase Orders(PO's) and travel expenses—you’re facing the delays and inevitable inaccuracies of manual data entry.

It doesn’t have to be that way.

Take the hard work out of reconciliation

 

With @ Work Reconciliation, the process is improved in four key ways:

 

factsheets

1. Simplified accounting.

 

Transactions from centrally billed accounts flow automatically into @ Work Reconciliation, and accounting codes can be applied systematically.

 

2. Automation.

 

@ Work Reconciliation automates the reconciliation and approval processes using preset accounting rules, so your team just needs to do a simple review and reallocate any exceptions.

 

3. Decreased time.

 

Accounting information and rules can be viewed and modified, decreasing the time needed to edit journal entries after the cycle closes.

 

4. Seamless processes.

 

Data automatically uploads into your Enterprise Resource program(ERP) system, making the reconciliation process virtually seamless.

 

Take care of reconciliation online, on your mobile device, on or off the clock.

With @ Work Reconciliation, you get 24/7 access to accounting information, so you can manage reconciliation at any time and from virtually anywhere.

What makes it even better is that you set the rules. @ Work Reconciliation will:

Automatically match and append accounting codes based on your requirements and third-party information (Business Traveler Accounts, PO data, etc.)

Adapt to your workflow process, offering four levels of approvals

Design custom-data extract to meet the specific needs of your ERP program

And proof of purchase is never a problem. Receipts can be uploaded directly, then attached to the transaction and archived for compliance, audits or any other requirements you may have.

 

@ Work Reconciliation is available for the following American Express® products:

  • Corporate Purchasing Card 
  • Corporate Meeting Card2
  • Business Travel Account 
  • American Express vPayment

 

Improving the customer experience

American Express @ Work Reconciliation is an online expense management tool that allows our commercial clients to easily allocate their transactions across their internal accounting codes, attach receipts, log approvals and more. Available for centrally billed programs, @ Work Reconciliation allows program administrators, as well as Card Members, to manage and enrich their transaction data from both mobile and desktop devices. Enhanced spending and allocation data can be integrated with ERP systems and accounting platforms.

reconciliation factsheet 1
reconciliation factsheet
  • Consolidates data from multiple programs
  • Provides the ability to incorporate third-party data, including purchase orders and travel expenses
  • Features customized data extract formats
  • Offers receipt management for end users with simple mobile upload functionality
  • Easily integrates with Enterprise Resource Planning (ERP) systems

 

To learn how you can simplify reconciliation and save valuable time, contact your American Express Account Representative.

Terms & Conditions

 

1Use of American Express @ Work ® is restricted to employees, contractors and/or agents that the Company, and its representatives designate for the sole purpose of performing online account queries and maintenance, including accessing and/or creating reports relating to the Company's American Express® Corporate Card programs. @ Work is available to all companies with an American Express Corporate Card program.

 

Enrollment is required. To enroll in @ Work please contact your American Express Representative or call 1-888-800-8564.

 

2Corporate Meeting Card (CMC): An annual fee applies. To learn more, contact an American Express representative at 1-855-531-3491.

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