Ask the Experts: Building a Best-in-Class T&E Fraud Prevention and Detection Program
PwC's 2018 Global Economic Crime and Fraud Survey found that 49% of organizations globally have been victims of fraud, up from 36% previously. Companies are scrutinizing travel and expense (T&E) spend to prevent and detect fraud. SAP Concur experts answered questions at an ACFE webinar on global expense policy compliance, gift handling, audit rules, automatic corporate card feeds, senior management expense review, and AI detection tools, recommending automation, integration, and proactive reporting to build a best-in-class T&E program.
Impact and considerations
Rising fraud risk makes T&E expense control a key focus for corporate financial compliance. The expert advice and tool solutions in this article can help companies optimize expense policies, audit rules, and detection technologies to reduce financial and compliance risks.
Key points
- PwC's 2018 survey found 49% of organizations globally have been victims of fraud, up from 36% previously.
- Companies are scrutinizing T&E spend to prevent and detect fraud.
- Experts recommend using expense type limits and audit rules to guide employees before submission.
- Automatically feeding corporate card expenses reduces errors, captures actual spend, and reduces fraud.
- SAP Concur partnered with AppZen on the AI-driven Concur Detect service to improve fraud and anomaly detection efficiency.
- Using external auditors to review executive expense reports is recommended to enhance independence and compliance.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 29 Jun 2022, 19:47
- Page published
- 14 Aug 2026, 08:32
- Last updated
- 29 Jun 2022, 19:47
- Original links
- SAP Concur Blog：Ask the Experts: Is My Fraud Prevention and Detection Best-In-Class? (opens in a new tab)Primary source · en · Published 29 Jun 2022, 19:47