A beginner's guide to business compliance: tax digitization, ESG, AI, and data security
A SAP Concur blog post, produced with Accenture, examines internal and external compliance areas for businesses, including tax digitization, ESG, AI, cybersecurity, and internal spending. It cites data that 77% of business leaders say detecting and managing risk is harder than ever and 72% say their risk management capabilities haven't kept up. It suggests spending and tax management solutions can streamline global processes and identify taxable spend and reclaimable VAT.
Impact and considerations
Compliance requirements are expanding from tax to ESG, AI governance, and data security, directly affecting how companies design travel and expense processes, VAT recovery, and internal spend controls.
Key points
- The post, produced with Accenture, examines compliance areas including tax digitization, ESG, AI, cybersecurity, and internal spending.
- It cites data that 77% of business leaders say detecting and managing risk is harder than ever and 72% say their risk management capabilities haven't kept up.
- Governments worldwide are digitizing tax and financial reporting, and hybrid and remote work models add cross-jurisdiction complexity.
- Spending and tax management solutions can help identify taxable spend and reclaimable VAT through a global rather than country-by-country approach.
- The post notes AI brings privacy and security risks, requiring responsible-AI principles, policies, and frameworks; employee theft is estimated to cost trillions each year.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 10 Jul 2024, 00:13
- Page published
- 14 Aug 2026, 08:14
- Last updated
- 10 Jul 2024, 00:13
- Original links
- SAP Concur Blog：A Beginner’s Guide to Business Compliance (opens in a new tab)Primary source · en · Published 10 Jul 2024, 00:13