Post-Pandemic Corporate Spend Risk and Expense Compliance Challenges

SAP Concur blog cites an Oversight-sponsored Spend Insight Report showing corporate spend risk has nearly tripled since the pandemic, with remote work becoming an open invitation to high-risk spending. T&E spend infractions shot up 292% between 2019 and 2020, while out-of-pocket and fraud violations climbed 32% and 12% respectively. With more remote and hybrid workers, it's harder to tell how much spending crosses the line. Finance leaders must re-examine spend management and strengthen controls and audits.