SAP Concur: Improving Policy Compliance in an Era of Decentralized Employee Spending
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Decentralized spending increases the difficulty of corporate compliance and risk control. Automated audit tools can identify non-compliant spending before expense reports are approved, helping companies reduce losses and improve policy adherence.
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- SAP Concur BlogSAP Concur: Improving Policy Compliance in an Era of Decentralized Employee Spending
The article notes that as spending becomes increasingly decentralized and employees are empowered to make more spending decisions, corporate risk rises, and the burden of managing compliance, internal policy, fraud, and employee safety increases. SAP Concur solutions audit more than one million expense reports per month. Companies using SAP Concur solutions achieved 28% improvement in auditing-staff efficiency, 62% increase in the number of employees following T&E policies, 67% reduction in lost receipts, and $672,000 in savings on business travel per organization.