New SunTrust Platform Boosts Reporting

SunTrust Banks in April launched a new commercial card platform that includes a module that allows detailed reporting of card and cash transactions against travel and expense policies.

The Expense Manager module is one of five hosted on Atlanta-based SunTrust's Enterprise Spend Platform, which is being used by its first customers. The modules are scalable and interact and update one another, so companies can implement any they require, said SunTrust.

"In a single platform, it delivers increased efficiency, mitigates the impact of resource constraints through automated controls and streamlines data integration, notification and reporting," said Greg Hammermaster, senior vice president of SunTrust Commercial Card Services.

The Expense Manager module also supports allocation to the general ledger, workflow approval, compliance monitoring and automated reimbursement, said SunTrust. Other modules offer enhanced purchasing and corporate card statements, detailed transaction information and automated direct settlement and reconciliation.