SAP Concur Publishes Best Practices Guide for Efficient Expense Audits

SAP Concur published a blog on November 25, 2024, offering best practices and checklists for expense audits. It cites data that 13% of misappropriation fraud comes from expense reimbursement schemes, with median losses of $50,000. It recommends auditing every expense or focusing on high-risk areas such as cash purchases and frequent travelers; auditing before approval; mandating corporate cards; and integrating AI for compliance checks. It also lists success stories from Uber, PETRONAS, Penn State University, and Chobani.