Whether the result of an innocent oversight or deliberate fraud, mistakes happen during the expense report process. Most of the time the charges are small: $40 here, $25 there. It doesn’t seem like much until you add it all up and realize how much these erroneous lings may be costing you. In fact, the Association of Certi ed Fraud Examiners estimates that the typical organization loses 5 percent of its revenue to fraud every year.
Most companies want to ensure their money is being spent according to policy but also don’t want to monitor their employees’ every transaction either. That’s where Expense Report Auditing from Concur comes in. This service provides dedicated resources to verify and substantiate your employees’ expense receipts and ensure compliance and control—all while removing the burden of oversight from you.