How to Fine-Tune Your Expense Approval Process

A SAP Concur blog post notes that expense approval is both an administrative burden and a vital task. 5% of a typical organization's annual revenue is lost to fraud, and 10% of travelers have at least one duplicate expense averaging over $50. The article offers four tips: use automation to spot inconsistencies, train approvers, review the approval chain, and consider Concur Audit as a safety net. Placing automation at the heart of the approval process can reduce approver time and increase compliance confidence.