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SAP Concur Blog·· 2022-08-10

SAP Concur: Automated Spend Management and DCAA Compliance for Aerospace and Government Contractors

More Clarity, Certainty, and Compliance with Automated Spend Management for Aerospace, Defense, and Government Contracting

AI Overview

SAP Concur published spend management guidance for aerospace, defense, and government contractors, noting they must achieve and maintain DCAA compliance but outdated legacy financial systems make spend visibility, pre-spend control, and compliance enforcement difficult. It recommends modernizing and automating systems, inserting controls at the point of purchase, using AI and machine learning to review expense data, and adopting best practices such as clear T&E policies, ongoing training, pre-spend authorization, policy-built-in online booking tools, and mobile receipt capture.

Source:SAP Concur Blog · concur.com