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SAP Concur Discusses Managing Employee Spend Risk and Compliance
1reports1reporting sources2022-06-29Update
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For finance managers, the article signals that employee spend compliance and fraud risk require end-to-end visibility and automated controls rather than relying on employees' good nature.
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6月29日
- SAP Concur BlogSAP Concur Discusses Managing Employee Spend Risk and Compliance
A SAP Concur blog post discusses risk and compliance issues around employee spend, including UK HMRC penalties for errors due to a lack of reasonable care, internal policy compliance, financial risk and fraud risk. It cites data that 37% of business travelers had at least one exception on their expense reports and that T&E fraud averages a median loss of $125,000.