SAP Concur Releases Guide on Managing Allowable Expenses

SAP Concur released a guide on managing allowable business expenses, defining allowable expenses (e.g., business travel, business meals, client entertainment) versus non-reimbursable expenses (personal costs, excessive spending). The guide notes ACFE estimates 5% of annual revenues lost to fraud in a typical organization, most commonly asset misappropriation such as padding travel and expense claims. Automated T&E solutions can compare every line item against policies to flag non-compliance or potential fraud. SAP Concur research shows integrated T&E solutions can increase policy compliance by 26% and save 20% in invoice processing.