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What cost object approval?

Cost Object Approval — FAQs. The cost object approval model ensures that transactions are routed to an authorized approver for the department incurring the expenses. It means that no charges will post to your department's financial statements without review by authorized individuals in your department.

How long does concur audit review take?

Auditor responses are usually received within 24 hours. Then there are different levels (or “status changes”) as the report gets reviewed. YMMV. This may be totally off-topic if “Concur Expense MGMT System” is some outsourced solution which includes auditing services.

How long does concur take to process?

A. It will take up to 4-7 business days once your report is fully approved by the Processor and the expense report is changed to extracted for payment status.

How long should a reimbursement take?

Claims with appropriate supporting documentation are typically processed within 3 business days of receipt. If your claim is approved, reimbursements by check are sent via USPS First-Class Mail and should be received within 7-10 days from the processing date.

How does concur reimburse?

Rather than allowing them to be out-of-pocket for weeks, reimburse them quickly with Expense Pay for Concur Breeze. You don't need to write a check. You don't even have to wait for payroll. Just reimburse the expense by transferring the funds from your bank account to your employee's.

What does processing payment mean in concur?

At this point, the payment status of the report is processing payment. Overnight the payment status will be changed to sent for payment when Concur completes their nightly processes and sends OF a payment file.

What does Pending external validation mean?

The pending external validation workflow step is an external audit system that analyzes each expense report in accordance with our established policies before your approver/s review them. The Travel Office will be on main campus to assist employees who need help submitting Concur Requests or Expense Reports.

What does Pending external validation in Concur mean?

MIT community members working in Concur will now see a new workflow step called “Pending External Validation,” indicating the report is being reviewed by the VP team. If changes are required, the report will be sent back to the submitter for review and correction.

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