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SAP Concur Launches Verify, Applying AI and Machine Learning to Simplify Expense Auditing
1reports1reporting sources2022-06-29Update
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For businesses needing to strengthen expense compliance auditing, Verify's AI-driven audit capability can improve audit efficiency and cover all expense reports, helping control spending risks and reduce policy violations in remote work environments.
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6月29日
- SAP Concur BlogSAP Concur Launches Verify, Applying AI and Machine Learning to Simplify Expense Auditing
SAP Concur announced Verify, a new solution that uses AI and machine learning to evaluate 100% of expense reports and identify anomalies, helping auditors focus on potential problems. The article notes that the pandemic changed employee spending behavior, with SAP Concur data showing the proportion of expenses categorized as 'Other' increased by 58% from 2019 to 2020. Verify is planned to launch in Q3 2021.