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SAP Concur: How AI Will Transform T&E

1reports1reporting sources2023-08-16Update

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AI in expense auditing and compliance may reduce corporate T&E management costs and improve compliance efficiency, influencing product strategies of expense platforms and TMCs.

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8月16日
  1. SAP Concur Blog
    SAP Concur: How AI Will Transform T&E

    SAP Concur published a blog on AI applications in travel and expense (T&E) management. It cites IDC data that 45% of businesses see opportunities for AI to improve payments, expense management, and analytics. SAP Concur's Verify uses AI to automatically audit expense reports, and ExpenseIt reduced returned reports from 14% to 1.2%. In 2022, $1.6 billion in spending exceptions went unexamined, while Verify automatically audited 97% of 2.8 million reports between January 2022 and June 2023.