SAP Concur Launches Two Compliance Solution Extensions
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These two solution extensions provide finance teams with stronger tax compliance and expense audit tools, helping reduce compliance risks, mitigate fraud losses, and improve VAT recovery efficiency.
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- SAP Concur BlogSAP Concur Launches Two Compliance Solution Extensions
SAP Concur announced two new solution extensions delivered through its partner ecosystem: Concur Tax Assurance by VATBox and Concur Detect by Oversight. The former leverages AI and VAT/GST compliance knowledge to help organizations comply with global tax regulations and increase reclaim potential; the latter combines Oversight's spend management and risk mitigation expertise to analyze expenses before and after payment, spot suspicious spend patterns, and prioritize risk. The article cites the ACFE 2020 report stating the median loss from expense report fraud is $33,000.