SAP Concur Shares Methods to Increase Expense Audit Efficiency
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For corporate finance and travel managers, audit efficiency directly impacts operational costs and compliance risks. The quantitative data and practical recommendations in the article can help companies evaluate their audit processes and consider optimization options such as automation or outsourcing.
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- SAP Concur BlogSAP Concur Shares Methods to Increase Expense Audit Efficiency
A SAP Concur blog post discusses how to improve the efficiency of corporate expense report auditing. Citing an IDC report, it states that automating the audit process can make expense report intake and handling 36% more efficient, reduce report completion time by 43%, and result in 65% more policy-compliant expense reports. The article recommends best practices such as reducing internal auditor effort, increasing data entry accuracy, using data to identify improvement opportunities, employing pre-authorized requests, reducing exceptions, improving first-pass ratio, increasing card adoption, and providing ongoing training.