Business, Free News Articles, Software, Taxes and Accounting

EnergyCAP Names Lalit Agarwal Vice President, Energy Management and Sustainability

STATE COLLEGE, Pa. -- EnergyCAP, LLC, the leading provider of energy management and utility bill processing software, today announced that Lalit Agarwal has been named Vice President, Energy Management & Sustainability.

This new leadership position at EnergyCAP will not only serve as the corporate subject matter expert in building energy management but will spearhead the company's ambition to expand its offerings for sustainability and carbon reduction goals as it relates to the built environment.

Lalit Agarwal formerly served as the Executive Director of University Operations and held numerous other energy and facilities roles over his 20+ year tenure at the University of Nebraska-Lincoln (UNL). At UNL, he and his team implemented EnergyCAP in 2016 to underpin the university's energy reduction and sustainability initiatives. Using technology driven innovative initiatives, from 2004 to 2020 UNL reduced their annual energy consumption 44% while the student enrollment and research activity increased on campus.

Lalit serves on the Board of Directors for multiple industry associations, including the Central Association of Physical Plant Administrators (CAPPA) and the International District Energy Association (IDEA). He currently chairs the Association of Physical Plant Administrators (APPA) Task Force for Productive, Smart Buildings Initiative. He holds a bachelor's degree in mechanical engineering from Osmania University in India and an MBA from the University Nebraska-Lincoln (UNL).

"The Vice President of Energy Management and Sustainability will play a critical role in the strategic direction of EnergyCAP," said Tom Patterson, CEO at EnergyCAP. "For someone like Lalit, who is so well respected in this industry, to have such conviction and belief around EnergyCAP's capabilities is strong validation of our solutions and our vision for the future. His decision to join our team emphasizes the magnitude, importance, and potential of the opportunity ahead of us."

"I have used my skills to serve UNL for the last two decades. With this transition, I hope to serve a broader array of institutions and organizations in helping them make progress towards and achieve their ESG goals," said Lalit Agarwal.

He added, "Since I was first introduced to EnergyCAP as a client in 2016, I have been very impressed with their focused approach to leveraging technology to solve the energy & sustainability industry challenges. I have also been very impressed by the team having such strong conviction in their mission. I look forward to joining the team, achieving collective success for the industry, and helping to drive a more energy efficient and sustainable world."

About EnergyCAP:

EnergyCAP is trusted by 10,000+ Energy Managers across the country to aggregate and monitor their utility and energy data. We help our clients make data-driven decisions about their building operations to increase energy efficiency and reduce their carbon footprint. Learn more at https://www.energycap.com/.

Related link: https://www.energycap.com/

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Business, Free News Articles, Taxes and Accounting

IRS Mandates Additional Requirements for R&D Tax Credit Refund Claims

SAVAGE, Minn. -- In 2007, the IRS made the Research & Development (R&D) tax credit a Tier 1 issue, says ICS Tax, LLC (ICS). Tier 1 issues were those of high strategic importance that had a significant impact on one or more industries, essentially meaning that the IRS would audit taxpayers filing amended returns on such issues. To taxpayers' relief, the Tiered Issue Process was eliminated in 2012, effectively placing the R&D tax credit in the same audit pool as other issues.

After the IRS was defeated on two refund claims stating that the taxpayers' claims lacked specificity and they had failed to state a claim, the courts held that the IRS could no longer assert their own forms (Form 6765) were insufficient to constitute a refund claim.

As a result of losing these claims, the IRS announced in a Chief Counsel memo released October 15, 2021 that taxpayers seeking refunds attributable to the R&D tax credit must meet the following five requirements:

* Identify all the business components to which the research credit claim related for that year.

* For each business component:

- Identify all research activities performed;

- Identify all individuals who performed each research activity; and

- Identify all the information each individual sought to discover.

* Provide the total qualified employee wage expenses, total qualified supply expenses, and total qualified contract research expenses for the claim year. This may be done using Form 6765, Credit for Increasing Research Activities.

The new rules go into effect on January 10, 2022. The IRS has stated there will be a transition period for a year and a grace period, giving taxpayers 45 days (expanded from 30 days on January 5th) to "perfect" a claim for refund before it comes mandatory for all refund claims.

What does "perfect" mean? If a claim for refund is determined to be deficient or if information provided was insufficient, the taxpayer will have 45 days to provide missing information. If the IRS does not receive the information requested, the entire refund claim will be rejected.

By issuing this new guidance, it has put R&D refund claims back into the forefront of IRS audit scrutiny akin to a Tier 1 issue, making R&D refund claims more burdensome for a taxpayer. The IRS new requirements further demonstrate the need to utilize a qualified R&D tax credit professional to properly document all refund claims.

Press Release Authors: Lacey J.S. Robb, JD, LLM; Contributing Author: Alexander Bagne, JD, CPA, MBA, CCSP.

About ICS Tax, LLC:

ICS Tax, LLC (ICS) is a consulting firm providing innovative tax planning strategies. ICS collaborates with taxpayers and their tax professionals to identify credits and incentives that reduce tax liabilities and increase profitability. ICS provides nationwide service through its offices throughout the country.

To learn more about the R&D tax credit as well as other valuable tax ideas visit https://ics-tax.com/.

CITATION:

https://www.irs.gov/pub/irs-lafa/20214101f.pdf

Related link: https://ics-tax.com/

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Alliances and Partnerships, Business, Free News Articles, Software, Taxes and Accounting

Certa Partners with Comply Exchange, Digitizes Third Party Tax Journey

SARATOGA, Calif. -- Certa, the leading no-code third party risk management platform today announced its integration with Comply Exchange, a global leader in tax compliance.

Certa is the only platform that digitizes, orchestrates, and automates the entire third-party journey across procurement, compliance, IT, legal, finance, and other groups. Thanks to Certa's flexible platform-which allows clients to build customizable workflows without any code-companies are able to onboard third parties up to 5 times faster. Moreover, they have global governance, full control, and accountability over the end-to-end process.

Comply Exchange provides automated and intuitive tax solutions and compliance software that allows clients across all industries, such as AP departments, financial institutions, digital asset companies, and private equity firms, to keep up with the strict and rapidly changing tax regulatory requirements that are otherwise impossible to navigate. With a focus on risk mitigation and providing a seamless customer experience, the Comply Exchange applications can be configured and customized to meet each client's specific needs, all with real-time validation and leveraging the latest IRS guidelines.

This partnership allows Certa's current and future clients to benefit from Comply Exchange's extensive knowledge and experience related to tax regulation. Through Comply Exchange, Certa automates IRS Form W9/W8 collection and validation, and provides enhanced tax reporting and visibility to ensure clients are fully complying with IRS regulations and requirements.

"This partnership enables enterprises to collect 100% accurate tax information through Comply Exchange while automating the entire journey of third parties through Certa," said Certa Founder and CEO Jag Lamba.

"Automating the collection and validation of documentation through the account opening process significantly improves the user experience, whilst mitigating the risks associated with non-compliance of our customers. Our partnership with Certa now enables us to offer the very best of both worlds in a seamless end to end experience, something the industry has unsuccessfully strived towards for years. Now it's here!" says David Marley, CEO and Founder of Comply Exchange.

About Certa:

Certa is the fastest growing supplier management platform. Founded in 2015, Certa makes third-party risk management fast, easy, and modern. Using 80+ no-code integrations with trusted data sources, Certa helps companies onboard third-parties 5x faster while mitigating risk and improving compliance controls. Certa's clients include several Fortune 100, and top consulting and digital native firms. Certa is headquartered in the San Francisco Bay Area.

For more information or to schedule a demo visit our website, Twitter, and LinkedIn. https://www.getcerta.com/

About ComplyExchange:

Comply Exchange provides automated and intuitive tax solutions and compliance software that helps financial institutions, private equity companies and accounts payable departments conform with the stringent and ever-changing tax regulatory requirements. To learn more about ComplyExchange and its services, visit their website at https://www.complyexchange.com or LinkedIn.

Related link: https://www.getcerta.com/

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Business, Free News Articles, Software, Taxes and Accounting

EnergyCAP Appoints Thomas R. Patterson, Jr. as Chief Executive Officer

BOALSBURG, Pa. -- EnergyCAP, LLC (ENC), the leading provider of data and analytics software for energy and utility bill management, today announced that Thomas R. Patterson, Jr. (Tom) has been named as Chief Executive Officer (CEO) of the company. Steve Heinz, who founded the company in 1982, will retire from his role as CEO but will continue in an advisory capacity as a member of the Board of Directors.

With over twenty-five years of leadership experience in the technology industry, Tom has a proven track record of delivering value within public and privately held technology companies. His contribution to value creation has been delivered by developing strategic direction, accelerating growth, and driving operational excellence in execution across all areas of the business, while complementing organic growth through strategic partnerships and acquisitions.

Mr. Heinz commented, "After partnering with Resurgens Technology Partners in March, we began our search for my successor who would transform EnergyCAP into a company with much greater global impact on energy management and carbon reduction. After months of searching, I couldn't be more thrilled to welcome Tom. His experience makes him the ideal leader to guide our company into this new era. Most importantly, his character makes him a great match for the team. We have a tremendous company with great team members and a market-leading platform and solutions. I've never been more excited about the future of EnergyCAP."

Prior to joining EnergyCAP, Tom served as COO & CFO at several SaaS and hybrid SaaS-based companies, culminating in multiple successful exits to both strategic and financial sponsors. His previous experiences include leadership roles at: SambaSafety, Digital Map Products, Kareo, Teletrac, Quest Software, and Citrix.

"I'm honored to be joining a great company like EnergyCAP at such an exciting time and inflection point in the industry and the company's journey," said Tom. "From corporate America to the public sector, energy efficiency and sustainability is a key imperative and will have a lasting impact on society. EnergyCAP is well-positioned to capitalize on these market dynamics and positively contribute to the future of energy efficiency. I'm thrilled to partner with Resurgens and lead EnergyCAP's next phase of evolution and growth."

About EnergyCAP:

EnergyCAP, LLC (ENC) has helped more than 10,000 energy managers in government, education, and commercial organizations derive value from their utility bills and energy data. Clients use our comprehensive EnergyCAP software-based solution to streamline utility bill processing and auditing, track energy and greenhouse gas data, process campus chargebacks, target reduction goals, benchmark facilities, submit to ENERGY STAR, measure and verify energy & cost savings, create budgets and forecasts, and much more.

Learn more: https://www.energycap.com/

Related link: https://www.energycap.com/

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Business, Free News Articles, Taxes and Accounting

ICS Welcomes Adam Finesilver CPA to the New Alabama Office

MONTGOMERY, Ala. -- ICS Tax, LLC is excited to announce its Southeast regional expansion with a new office in Montgomery, Alabama. ICS welcomes Adam Finesilver, CPA as its Regional Director. Adam brings over 13 years of experience providing tax advisory services to clients in real estate, financial and professional services industries. He graduated Summa Cum Laude, earned a Master of Accountancy, and has devoted his time to public accounting since 2007.

Adam said he "is thrilled to join ICS Tax to better serve his clients with tax saving opportunities such as cost segregation, 45L credits and R&D tax credits." In his role, he will be collaborating with taxpayers and tax professionals to identify credits, deductions, and incentives that can significantly reduce tax liabilities and increase profitability.

Montgomery, Alabama has been home to Adam for the past twenty years, where he resides with his wife and three young children. He has given back to his community by serving on the Montgomery Chamber of Commerce and as ambassador for the Alabama Society of Certified Public Accountants (ASCPA).

The new ICS Tax, Montgomery Alabama office is fully supported by a team of nationwide engineers and tax consultants. Adam is poised and ready to lower your tax liabilities!

ABOUT ICS TAX, LLC:

ICS Tax, LLC (ICS) is a consulting firm providing innovative tax planning strategies and specializes in both the 45L and 179D tax incentives. ICS collaborates with taxpayers and their tax professionals to identify credits and incentives that reduce tax liabilities and increase profitability. ICS provides nationwide service through its offices located throughout the country.

Learn more at https://ics-tax.com/.

Related link: https://ics-tax.com/

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Business, Free News Articles, Taxes and Accounting

KROST Acts as Exclusive Financial Advisor for Integrity Bio in Sale to Curia

LOS ANGELES, Calif. -- Integrity Bio, Inc., a privately held formulation and fill-finish organization headquartered in Camarillo, California, was sold to Curia (formerly Albany Molecular Research, Inc. (AMRI)), a Contract Development and Manufacturing Organization (CDMO) and leading global provider of advanced contract research, development, and manufacturing solutions. KROST, a Los Angeles-based firm, acted as the exclusive financial advisor to Integrity Bio in the transaction.

Integrity Bio is known in the biopharmaceutical industry as an expert in hard-to-formulate biologics and fill-finish of unique therapies for phase I and phase II clinical trials. Integrity Bio formulates more than 60 large molecules in a typical year, including proteins, antibodies, lipid nanoparticles, peptides, and vaccines in liquid and lyophilized form. Curia currently provides customers with integrated solutions from formulation development through fill-finish commercial manufacturing across three facilities. The acquisition adds West Coast operations to Curia's East Coast and overseas capabilities.

Integrity Bio has been a client of KROST for ten years, during which time KROST provided Tax, Accounting, Consulting, R&D Tax Credit, Cost Segregation, and now, Mergers and Acquisitions services. KROST's service model is designed to guide and support businesses throughout their lifecycle, from early-stage start-ups to succession and exit planning.

KROST's M&A practice is led by industry veteran, Paren Knadjian, who joined the firm in 2017. Knadjian has nearly 25 years of experience in mergers and acquisitions, equity and debt financing. He has closed over $1.5 billion in transaction value throughout his career. As the leader of the firm's technology industry niche, Paren also assists companies in the business of technology and life sciences innovation.

"We have been advising Integrity Bio, its owners and management team for over 10 years. So when they were considering a sale, they turned to us to help them with deal value, deal structure, due diligence, accounting and tax matters, and transactional support. This acquisition comes at a meaningful time for the country. The work that Integrity Bio is doing, and will continue to do as part of Curia, will contribute to life-changing cures for health issues, much like we experienced in the last year and a half. This acquisition is not just a transaction; it has a huge impact on people's lives across the globe. I am thrilled we were able to assist Integrity Bio with this transition into their next chapter and look forward to seeing what Curia will do with their added capabilities," remarked Paren Knadjian.

"We would like to thank the KROST team - they were invaluable in this transaction, and we relied on them enormously," said Michael Reilly, CEO of Integrity Bio. "As part of Curia, we can now offer our customers not only world-class formulation and fill-finish but also world-class commercial manufacturing."

For more information about KROST's mergers and acquisitions, as well as capital markets services, visit https://krostcpas.com/ or contact Paren Knadjian.

For information about this transaction, please contact:

Paren Knadjian

Practice Leader - M&A and Capital Markets

626.538.3167

paren.knadjian@krostcpas.com

ABOUT KROST CPAS & CONSULTANTS

KROST is a full-service Certified Public Accounting and Consulting firm headquartered in Pasadena, California. As trusted advisors and industry leaders, clients depend on KROST for timely information, innovative solutions, and results-driven teamwork in the areas of accounting, assurance, business management, consulting, tax, mergers and acquisitions, and wealth management.

Twitter: @KROSTCPAs

Related link: https://www.krostcpas.com/

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Business, e-Commerce, Free News Articles, Taxes and Accounting

Fanplayr Receives SOC 2 Type 2 Certification for Data Security Processes from American Institute of CPAs

PALO ALTO, Calif. -- Fanplayr, a global leader in online behavioral personalization, artificial intelligence and user privacy, announces it has successfully achieved the Service Organization Control (SOC) 2 Type 2 certification.

Developed by the American Institute of CPAs (AICPA), SOC 2 reports are intended to meet the needs of businesses that need detailed information and assurance about the controls at a service organization. The certification defines criteria for managing customer data based on five "trust service principles" - security, availability, processing integrity, confidentiality and privacy.

SOC 2 Type 2 is an audit or recertification of the controls put in place which confirms suitability of the design and operating effectiveness and will generally provide a greater level of trust to a customer or business partner due to the increased visibility of systems in action.

Fanplayr has been recertified specifically for Security, Confidentiality, and Availability.

"We have an excellent track record of protecting data," says Simon Yencken, CEO and co-founder of Fanplayr. "With data breaches continuing to be a worldwide problem, we cannot overstate the importance of maintaining safeguards to ensure the security of our customers' data."

Since acquiring and maintaining SOC 2 certifications can be relatively costly and time consuming, the process signals Fanplayr's commitment to continue working with major companies who require SOC 2 compliance or proof of equivalent safeguards.

"The SOC 2 certification is recognized and respected worldwide," said Rajiv Sunkara, CTO and co-founder of Fanplayr. "Establishing and maintaining SOC 2 compliance on an annual basis ensures everything we do is focused on the needs of our customers and the privacy of their data."

About Fanplayr

Fanplayr is a global leader in e-commerce behavioral data, using machine learning and AI to enable businesses to increase conversion rates and revenue, collect more leads, and retarget visitors with personalized recommendations during and after the shopping experience. Fanplayr is headquartered in Palo Alto, California with offices in New York, Buenos Aires, Brazil, Mexico, Milan, London, Manchester, Amsterdam, Stockholm, Hamburg, Melbourne and Tokyo.

Learn more at: https://fanplayr.com/

Media Contact:

Lacy Talton

(252) 467-5220

ltalton@percepture.com

Related link: https://www.fanplayr.com/

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Business, Free News Articles, Taxes and Accounting

The IRS Collection is Now Back and Sending Final Intent to Levy Notices – Ace Plus Tax Resolution Suggests Tax Relief Strategies

LOS ANGELES, Calif. -- James Cha, a CPA and a Certified Tax Resolution Specialist from Ace Plus Tax Resolution, underlines that the IRS is starting its collection actions by sending Final Intent to Levy notices, and urges taxpayers to act with tax relief strategies.

The IRS collection enforcement is now back! The IRS switched its lenient position during COVID-19 and has now started sending millions of Final Notices of Intent to Levy (Letter 11 or LT11) from June 15, 2021. Its Automated Levy and Systematic Lien Programs were halted since April 2020 due to COVID, but these programs have now returned. It's time to take action to protect your bank accounts, wages, and other assets and income from the IRS!

A levy occurs when the IRS collects the back taxes by seizing delinquent taxpayers' real or personal properties. Typically, levies are made on financial accounts held for them by others, such as a bank, a stockbroker, or an employer. Levies can be placed on bank accounts, social security benefits, and retirement income.

If anyone wishes to appeal this proposed levy action, Form 12153, "Request for a Collection Due Process or Equivalent Hearing," has to be sent to the IRS within 30 days from the receipt of LT11.

About 45 days after Letter 11 is issued, a levy will take place if the taxpayer has not contacted the IRS for resolution. The IRS computer sends levy notices to any financial institution suspected of holding funds under its Social Security numbers or names, or to any employers or contractors who have filed a W-2 or 1099 form showing they have paid them in the past. In addition to any properties, a levy can attach to any future federal tax refunds or state income tax refunds that they are to receive, in order to satisfy the federal tax liability.

James Cha, CPA, CTRS, says that "It is critical for the taxpayers to understand where they are in the collection process. Any delinquent taxpayers are highly recommended (or strongly urged) to start working out a deal with the IRS as soon as possible."

Upon receiving Letter 11, here are some critical points to consider:

* Get any missing returns filed as soon as possible to be in compliance.

* Respond to the notices or letters, and seek professional tax help for the best possible resolution options.

* Respond to IRS requests in a timely fashion.

Additionally, James states "It is also worth noting that I expect that the IRS will continue to hire many more new employees to ramp up its enforcement actions". In 2021, the IRS has already announced plans to hire 87,000 new employees, doubling their workforce over the next six years. The current administration has pledged $80 billion toward enforcement activities over the next ten years.

Tax Reliefs

In the case where the taxpayer is approached by the IRS for back taxes, the best possible course of action might be to adopt an approach to deal with the issue tactfully without panicking.

James believes "the best course of action is to see if they qualify for any tax relief options." However, this can only be done after delinquent tax returns have been filed and all current income tax or payroll tax deposits have been paid.

Businesses or individuals can settle their taxes substantially less than they owe through an Offer in Compromise if they qualify. Financial inability to pay is the most common reason an Offer is accepted, but it must be supported by and verified with well-prepared financial documents and statements.

Or, through an Installment Agreement, businesses or individuals may set up an affordable payment plan to pay off the back taxes. If they qualify for a Partial Payment Installment, they will not be paying off the full amount, as the balance left at the end of the payment term will be forgiven. Strategizing is crucial when submitting an application in order to maximize the benefit.

Also, they may be able to halt IRS collection actions by declaring a Currently Not Collectible status. To qualify for this status, they must prove they have a dire financial situation and none to very little income. The IRS will put a pause on their attempt to collect payment until the financial situation improves.

Lastly, business owners who have fallen behind on their Payroll Tax Obligations need to figure out the best method to protect themselves and deal with the IRS.

The Final Words

There are numerous tax relief options that are put forth by the government, but individuals and business owners should seek an experienced tax relief specialist who can strategize, take full advantage, and save considerable sums of money for taxpayers.

Ace Plus Tax Resolution provides permanent solutions to taxpayers with IRS and state tax problems. James Cha is a CPA and Certified Tax Resolution Specialist(r) at Ace Plus Tax Resolution, has been representing his clients and dealing with the IRS for over 30 years. His practice is in Los Angeles, but his clients are all across the nation.

Contact him at (213) 600-7388 or James@AcePlusTaxResolution.com for a free consultation.

VIDEO (YouTube) - How To Stop IRS Levy. Final Intent to Levy notice: https://youtu.be/Zmgi3Hb7Xlc

Watch all our YouTube videos about how to resolve your tax problems: https://www.youtube.com/channel/UCbL7h9yy9oOKyybrcPD_OXg/featured

Related link: https://AcePlusTaxResolution.com/

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Business, Free News Articles, Taxes and Accounting

Travis Mlodzik Elected President of the American Society of Cost Segregation Professionals

SAVAGE, Minn. -- Travis Mlodzik, Central Practice Leader for ICS Tax, LLC has been elected President of the American Society of Cost Segregation Professionals (ASCSP). Cost Segregation is a tremendously valuable tax planning strategy for real estate investors. The ASCSP provides education, credentialing, and a code of ethics for its members while representing the very best professionals in the cost segregation industry.

When discussing what joining the ASCSP has meant, Travis stated it's "one of the best decisions I have made for both my professional and personal growth. The ASCSP has highly respected individuals from this niche industry within its membership and being able to network and learn from them has only made the industry stronger and more prominent."

On his personal growth, Travis says, "Since joining the ASCSP, I have gained confidence in my skill set, tax knowledge, communication skills and presenting how Cost Segregation can benefit taxpayers."

Travis adds, "I am truly humbled and honored to be recognized and elected by my peers for the Presidency of the ASCSP."

Since 2012, Travis has been an active member in the ASCSP and earned his Certified Member credentials in 2014. Travis currently chairs the Membership Committee, co-chairs the Education Committee, and assists the Conference Committee. In addition to committee responsibilities, Travis has served on the Board of Directors since 2015, holding elected positions of Director and most recently of Treasurer.

Travis earned a B.A.S. Construction Management degree from the University of Minnesota, Twin Cities and has over 15 years of experience and proven knowledge of construction, cost segregation, tax law, depreciation, and fixed assets. Travis resides in Apple Valley, Minnesota with his wife and two daughters. In his free time, Travis enjoys woodworking, hunting, fishing, and taking his daughters to Karate.

ABOUT ICS TAX, LLC

ICS Tax, LLC (ICS) is a consulting firm providing innovative tax planning strategies to real estate investors. ICS collaborates with taxpayers and their tax professionals to identify credits and incentives that reduce tax liabilities and increase profitability. ICS provides nationwide service through its offices located throughout the country.

Learn more at https://ics-tax.com/

Related link: https://ics-tax.com/

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Alliances and Partnerships, Business, Free News Articles, Software, Taxes and Accounting, Travel and Tourism

Say Goodbye to Receipt Headaches! AmTrav and Emburse Automate Travel Expenses

AGOURA HILLS, Calif. -- AmTrav, the one connected platform for business travel, and Emburse, a global leader in expense management and accounts payable automation, today announced the next evolution in their partnership with the launch of their automatic receipts integration. This cutting-edge integration automatically populates AmTrav travel expenses in clients' Emburse expense wallets to save travelers, expense preparers and expense administrators time, frustration and mistakes.

Traditional travel and expense integrations all have shortcomings that cause errors and create additional work for users. Booking data feeds often don't match up with actual payment data, credit card data feeds are delayed several days and don't include receipts or important expense details, email forwarding is unreliable, and manually entering expenses and uploading receipts is a time-consuming pain for users.

The automatic receipts integration solves these pains by enabling AmTrav to send 100% accurate expense data and receipt images from the AmTrav point of sale to users' Emburse expense wallets. Users can then add these complete travel expense items to an expense report with one click. This feed includes any travel changes made through AmTrav, automatically populating expense records for additional fare amounts, change penalties or refunds. Emburse users can also designate expense owners to receive expenses for specific travelers.

This new integration builds on AmTrav and Emburse's history of simplifying clients' travel and expense processes since 2013. Busy travelers and expense preparers are freed from tedious tasks like uploading receipts and entering receipt data for travel purchases and travel changes. Expense owners no longer need to remind travelers to forward receipt emails for expense report preparation. And expense administrators get reliable expense data straight from the AmTrav point of sale, saving those administrators time and frustration as travel expenses reliably reconcile with company credit card statements with fewer user or system errors.

"The word 'integration' gets thrown around a lot these days, but the one between AmTrav and Emburse is robust and real-time," said AmTrav CEO Jeff Klee. "Customers who pick AmTrav and Emburse can get a travel management platform that they'll love, paired with a world-class expense management system, tightly integrated so their travel expense data flows accurately from one to the other to save all users time and headache."

To learn more about how AmTrav and Emburse can make travel and expense management easier for your team, reach out to AmTrav or Emburse today.

About AmTrav Corporate Travel

AmTrav is a new kind of technology and services platform that's driving business travel into a bold new era. Our easy-to-use solution empowers travelers and travel bookers to be more productive. Companies of all sizes use AmTrav to book trips, find savings, set travel policies, manage payments and expenses, and keep their travelers safe. Travelers love AmTrav because our one connected platform provides a seamless experience across the travel ecosystem and our travel experts and relationship managers are always ready to help. More than 1000 businesses use AmTrav to go places, meet people, build meaningful connections, and get the most out of every trip. For more information on AmTrav visit https://www.amtrav.com/, call us at 800-795-8371 or drop us a note.

About Emburse

Emburse humanizes work by empowering business travelers, finance professionals, and CFOs to eliminate manual, time-consuming tasks so they can focus on what matters most.

Emburse offers a growing portfolio of award-winning expense and AP automation solutions, including Emburse Abacus, Emburse Captio, Emburse Certify, Emburse Chrome River, Emburse Cards, Emburse Nexonia, Emburse SpringAhead and Emburse Tallie. Its innovative offerings are tailored to meet the unique needs of specific industries, company sizes, and geographies, and are trusted by more than 9 million users in more than 120 countries. Over 16,000 customers, from start-ups to global enterprises, including Boot Barn, Grant Thornton, Telefónica, Lufthansa Systems, and Toyota rely on Emburse to eliminate manual processes, make faster, smarter decisions, and help make users' lives - and their businesses - better.

Emburse is recognized as a leader in expense management and accounts payable automation by analyst firm IDC, and has received multiple awards for its high levels of customer satisfaction.

For more information on Emburse, visit https://www.emburse.com/, call 877-EMBURSE, or follow the organization's social channels at @emburse.

*LOGO link for media: https://www.Send2Press.com/300dpi/21-0624s2p-amtrav-logo-300dpi.jpg

Related link: https://www.amtrav.com/

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