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Rubber Stamping: It Could be Saving You Time, but Costing you Money
1reports1reporting sources2022-06-29Update
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Rubber-stamping in expense approvals can lead to financial losses and compliance risks; companies should strengthen controls.
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6月29日
- SAP Concur BlogRubber Stamping: It Could be Saving You Time, but Costing you Money
The article points out that rubber-stamping expense reports can lead to errors and waste. According to GBTA, 19% of expense reports have errors, and it takes an average of 18 minutes and $52 to fix one. Recommendations include digital receipts, streamlined approval workflows, and audits to reduce errors and improve compliance.