U.S. Bank Launches Online Expense Product

August 9, 2010 (PLANSPONSOR.com) – U.S. Bank is introducing an electronic expense reporting tool for mid-size companies that it says allows employees to manage travel expenses online while enabling travel managers to better track spending patterns and identify savings opportunities.

A news release about the U.S. Bank Expense Management said among its benefits are:

  • Travelers get a time-saving tool that posts all their U.S. Bank commercial or corporate card purchases into an online account, so they can submit accurate expense reimbursement requests fast, from anywhere – including Web-enabled mobile devices.
  • Managers and travel program administrators get the ability to quickly approve traveler expenses and ensure they comply with company policy.
  • Procurement professionals get to see exactly where the travel dollars are going.

“Most mid-sized companies still use manual or paper-based expense reporting systems,” said Jeff Rankin, senior sales and marketing officer at U.S. Bank Corporate Payment Systems, in the announcement. “They see the savings captured by larger companies through automated expense reporting and want to the same opportunity.”

 More information is available by calling 866-274-5898 or at www.usbpayment.com.