If There Was Ever a Time to Keep an Eye on Your Money, It's Always
This SAP Concur blog cites its Spend Insight report with Oversight, showing corporate spend risk nearly tripled since the pandemic began. T&E spend violations surged 292% between 2019 and 2020, while out-of-pocket and fraud violations rose 32% and 12% respectively. Remote work makes employee spending harder to monitor, requiring stronger cost controls and audits.
Impact and considerations
Travel and finance managers must be aware of spend risks from remote work, using data and technology to strengthen monitoring and prevent violations and fraud.
Key points
- Corporate spend risk nearly tripled since the pandemic began.
- T&E spend violations surged 292% between 2019 and 2020.
- Out-of-pocket and fraud violations rose 32% and 12% respectively.
- Remote work makes employee spending harder to monitor.
- Companies need stronger cost controls and audits.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 29 Jun 2022, 19:47
- Page published
- 15 Aug 2026, 08:26
- Last updated
- 29 Jun 2022, 19:47
- Original links
- SAP Concur Blog：If There Was Ever a Time to Keep an Eye on Your Money, It’s Always. (opens in a new tab)Primary source · en · Published 29 Jun 2022, 19:47