SAP Concur: How Technology Can Prevent Fraud and Save Businesses Money
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This content provides finance and travel managers with strategies for using technology to prevent fraud, helping them understand that automated expense management is not just an efficiency tool but a key measure to protect corporate assets and reduce financial losses.
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- SAP Concur BlogSAP Concur: How Technology Can Prevent Fraud and Save Businesses Money
SAP Concur published a blog post discussing how technology can help businesses prevent fraud and save money. The article cites a report from the Association of Certified Fraud Examiners (ACFE) estimating $7.1 billion in annual losses due to internal fraud, with the average organization losing 5% of its annual revenue. It notes that small and mid-size businesses face higher risks of duplicate invoices and recommends preventing fraud through automated expense management, mobile solutions, and clear policies.