Strengthening Expense Reporting for Resiliency and Growth
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Strengthening expense reporting enhances resilience, growth, and fraud prevention, offering strategic value for finance and AP leaders.
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- SAP Concur BlogSAP Concur: Strengthening Expense Reporting Resilience with AI and Automation
A SAP Concur blog post argues that modern expense reporting and accounts payable (AP) management should start with AP automation, then build resilience through AI and cybersecurity investment and a rethink of ESG. Its research shows 71% of companies say integrated, AI-enhanced travel and expense (T&E) technology improves expense-related fraud detection, and that adding automated AP solutions to integrated T&E solutions yields 22% annual cost savings. It also recommends spend-request tools to approve and control spending before it occurs and AI-embedded invoice solutions to deter fake vendors, duplicate payments and other fraud, while stressing financial storytelling to win leadership suppor…