Six Ways for Enterprises to Close Spend Loopholes with Tech
先了解这件事
Non-compliant spend and out-of-channel bookings directly affect corporate cost control and compliance. Finance and travel managers can use data and automation tools to identify loopholes, reduce fraud and improve VAT recovery.
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- SAP Concur BlogSix Ways for Enterprises to Close Spend Loopholes with Tech
A SAP Concur blog post cites data showing significant non-compliant corporate spend: 56% of organizations generally reimburse employees for out-of-policy spend, 52% of hotel and air bookings are made outside corporate channels, $19 billion of spend was labeled 'other' in 2019 by SAP Concur customers, and 20% of companies say they cannot recover VAT due to complex procedures. The post says employee spend is the second largest cost next to payroll, and notes that supplier-employee direct relationships, numerous booking channels, employees not waiting for formal processes, and COVID-19 and remote-work expenses falling outside policy make spend hard to track. It also cites ACFE data that during…