Cost of Unseen Fraud
SAP Concur article highlights fraud and compliance risks in employee-initiated spend. 37% of business travelers had at least one exception on T&E reports, and fraudulent claims averaged $2,448. Asset misappropriation accounts for 86% of fraud cases with a median loss of $100,000. Organizations with proactive data monitoring reduce fraud losses by 33%.
Impact and considerations
Companies need to strengthen fraud detection and compliance to reduce financial and reputational risks.
Key points
- 37% of business travelers have T&E exceptions
- Fraudulent claims average $2,448
- Asset misappropriation accounts for 86%, median loss $100,000
- Proactive monitoring reduces fraud losses by 33%
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 29 Jun 2022, 19:47
- Page published
- 15 Aug 2026, 08:24
- Last updated
- 29 Jun 2022, 19:47
- Original links
- SAP Concur Blog：Compliance and Fraud: What You Can't See Can Cost You (opens in a new tab)Primary source · en · Published 29 Jun 2022, 19:47