SutiExpense Offers Affordable Yet Accurate Compliance Tool for Sunshine Act
Companies in the Medical , Pharma and Biotech verticals have a special need for a robust expense report management system. The expense reporting system they choose should support requirements to meet compliance terms of the Sunshine Act, which mandates full disclosure of payments and other values health care providers receive from companies are in engaged in equipment sales, services or seeks their involvement in product promotions.
If you operate in a business covered by this act, you must construct a matrix of codes to properly track and report what your employees spend:
Plus, the manual collection of and tracking of receipts combined with the extraction of reports and diverts internal resources from focusing on more productive tasks.
You will benefit from adopting a highly customizable expense report software solution that eliminates all the manual steps, speeds the process up and improves the ability to track every expense by type and health provider.
Automating expense reporting allows you to meet the requirements of Sunshine Act compliance without significant additions to staff time.
SutiExpense’s Software-as-a-Service provides that needed automation, with the customization you need to seamlessly export expense data by health provider ID, and import all expense data into your accounting system electronically:
With the advent of highly secure, universally available cloud-based software services, achieving this money and time-saving process improvement is within the reach of any firm that provides services or equipment to health providers.
SutiExpense Brings Efficiency with Cost Savings
Contact Us today to explore how SutiExpense offers professional service firms like yours all the tools you need to make expense report management easier and yet much more cost-effective. And at a price that fits best into your budget.