SAP Concur Lists High-Risk Expense Types, Urges Clear Policy to Curb Rogue Spend
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For travel and expense managers, the post provides a concrete list of high-risk expense categories and an approach to audit prioritization, a reference for designing expense policy and audit rules.
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- SAP Concur BlogSAP Concur Lists High-Risk Expense Types, Urges Clear Policy to Curb Rogue Spend
A SAP Concur blog post says managing employee spend across growing categories and payment methods leaves room for error and non-compliance, creating mistrust, misuse and wasted time. It cites an IDC report finding 30% of executives are concerned with compliance to spend management policies in order to make strategic business decisions. Based on SAP Concur customer data, the post lists 14 high-risk expense types out of 29, including airfare, car rentals, entertainment, lodging, meals, meetings and tradeshows, mileage reimbursement, office supplies, rent, rail and telecom/internet, and recommends running your own high-risk expense list to prioritize auditing.