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Spend Insights Report: T&E Spending Growth and Violation Analysis
1reports1reporting sources2023-06-22Update
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The report reveals rising violations and cash spending amid rebounding travel spending, providing data support for companies to strengthen expense compliance and auditing.
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6月22日
- SAP Concur BlogSpend Insights Report: T&E Spending Growth and Violation Analysis
The Spend Insights Report by SAP Concur and Oversight shows T&E spending rose 73% year over year in 2022, with travel-specific spending up 178% from Q1 to Q4, including airline spending up 400% and lodging up 207%. Employee out-of-pocket cash spending jumped 81% and was the top category, accounting for 44% of all violations. Spending violations rose 7.9% year over year, costing companies $91.3 million, a 9.83% increase. The report recommends stronger training, electronic receipt management, and audit tools.