Cornerstone, Rearden Partner on Travel Spend Management

Cornerstone Information Systems and Rearden Commerce, Inc., which helps manage companies’ spending on business services and created the first web-based personal assistant, have forged an agreement to make Cornerstone’s Policy Compliance Manager available to Rearden Commerce’s growing customer base.

Cornerstone’s Policy Compliance Manager automates the costly, labor-intensive and error-prone process of securing approval for travel before reservations are ticketed and confirmed, whether travel is booked online or through a travel agent.

Policy Compliance Manager also increases compliance by communicating policies to travelers during the reservation process. Rearden Commerce customers that select to deploy Cornerstone’s Policy Compliance Manager will experience increased visibility and control over employee spending on unauthorized travel.

Policy Compliance Manager can identify a virtually unlimited number of conditions that trigger the need for traveler notification and/or trip approval. Email alerts are sent within minutes of booking to designated approvers. The alerts include a link to a secure web site where approvers can view trip details including policy violations.

Approvers can authorize, deny or return reservations for further action. In addition, a complete audit trail is created so you can be certain messages are getting to the right people at the right time.