The article discusses common types of expense fraud, such as mischaracterized, falsified, duplicate, and inflated claims, and how AI helps detect anomalies. Data shows nearly 60% of companies reported increased fraud losses, and organizations lose 5% of revenue to fraud annually.
SAP Concur's Global Business Travel Survey polled 700 travel managers across seven markets from April 30 to May 12, 2025. 78% expected their company's 2025 travel budget to increase, versus only 7% expecting a decrease, with Canada at 92%. 69% said budgets do not reflect how important business travel is to success, and 67% said company leaders undervalue their role. 43% of travel managers said they have the most influence over travel program changes, while 41% named the CFO. 99% said their company has updated, is updating, or is considering updating travel policies or training to protect employee data from cyber threats; 99% would be comfortable with travelers using AI for booking, rebookin…
SAP Concur says AI-generated receipts are evading traditional human audits because they are visually realistic and can have metadata stripped or faked. Its AI-powered auditing solution Verify has helped customers identify thousands of AI-generated receipts, with a detection rate roughly 18 times higher than earlier checks focused only on known online receipt generators. Chris Juneau, senior vice president and head of Product Marketing at SAP Concur, said about 1% of reviewed receipts have been flagged as potentially AI-generated, created by tools including ChatGPT, Gemini and Stable Diffusion, and that AI is not increasing the frequency of expense fraud but changing how it occurs. With near…
SAP Concur explains fraud prevention in practice. The article says fraud prevention cannot be a check-the-box exercise and must go beyond simple compliance with proactive strategies to reduce risk; many organizations lack the right policies and processes because they trust employees or haven't had a major issue yet, and too often such companies are experiencing fraud but failing to uncover it. Citing ACFE, the article says 5% of the typical organization's annual revenues are lost to fraud, and 86% of fraud cases involve asset misappropriation, including padding travel and expense claims. Measures include enterprise-wide risk assessment (EWRA), segregation of duties, authorization controls,…
SAP Concur explains how to prevent and detect expense fraud. The article says 62% of organizations report financial losses from fraud within the last three years, and that preventing internal and external fraud and building compliance go hand in hand. It outlines four steps: update spending policies to clearly reflect current business needs and communicate them through automated travel and expense solutions; use automated T&E technology to deter fraud, such as integrating credit card data, applying automated audit rules, requiring electronic receipts, and supporting external audit programs; monitor and analyze spend data with reporting tools to spot patterns such as duplicate expenses; and…
A SAP Concur blog post uses a fictional story to highlight the impact of expense fraud on businesses and introduces its Concur Audit service. Citing data from the Association of Certified Fraud Examiners, the article notes that a typical organization loses up to 5% of its annual revenue to occupational fraud. It lists outlandish items employees have tried to expense (like wedding costs, spa trips, teeth whitening) and notes that even small violations (like mixing personal purchases into a meal) can add up. Concur Audit offers an unbiased audit service to check up to 100% of claims and receipts.
Citing the Oversight Systems 2017 Spend Analysis Report, SAP Concur says the typical organization loses 5% of annual revenue to fraud, with 89% of that being asset misappropriation including expense reimbursement schemes, and 50% due to weak internal controls. It offers six tips: robust travel and expense policies, tools that make compliance easier, catching spend anomalies before they happen, reducing mileage padding, audits, and automatic monitoring of expense claim data. SAP Concur says it connects to spending data from suppliers, credit providers and other sources, and uses Concur Intelligence for reports, dashboards and real-time alerts.
A SAP Concur blog post, citing the ACFE 2016 Global Fraud Study, notes that the median loss from occupational fraud is $150,000, 23.2% of cases cause losses of $1 million or more, and the typical organization loses 5% of annual revenue to fraud. It argues life sciences firms are especially vulnerable due to complex regulation and fragmented global spend data, and recommends corporate card auto-import, pre-approval, third-party audits and disciplined data entry to strengthen T&E controls.
A SAP Concur blog describes four types of expense report fraud: mischaracterized expenses, falsified claims, inflated claims, and multiple claims. It cites ACFE data saying a typical organization loses 5% of annual revenue to fraud, averaging $8,300 per month; a May 2022 survey found 51% of businesses discovered more fraud since the pandemic and 71% expect fraud cases to increase over the next year. It recommends anti-fraud strategy, clear expense policy, mobile apps, and finance automation.