The Connection Between Intelligent T&E Automation and Better Compliance
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T&E automation not only improves efficiency but also bears on anti-bribery compliance, tax treatment and audit trails, key financial risk controls.
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- SAP Concur BlogThe Connection Between Intelligent T&E Automation and Better Compliance
An SAP Concur blog post says refining T&E with intelligent automation and digitized processes is a natural step in finance digital transformation, cutting paper, data entry errors and making expense data timelier and more trustworthy. It stresses that controls and compliance are often neglected when manual work is heavy: miscategorized spend causes budget, tax and compliance issues, and international travel spend carries anti-bribery risk with fines up to $2 million per violation. The SAP Concur and Oversight Spend Insights Report 2021 found excessive missing receipts up 58.6%, expense header keyword match violations up 26.7%, and duplicate mileage submissions up 2,127% from Q3 to Q4 2021.