Anyone who audits expense reports manually knows how slow and error-prone the process can be. Concur Detect by Oversight simplifies this by automatically reviewing expense and receipt data to identify fraud, mistakes, and policy violations.
Here’s how advanced technology can make the auditing process more accurate, efficient, and effective.
AI analyses 100% of transactions, including expense reports, receipts and bank card data to find suspicious activity before and after payment.
Automatically approve low-risk expense lines and let auditors focus solely on resolving the issues that have been identified.
Make auditing more efficient by skipping manual review of low risk expenses and really focus on the discovery of root causes for the prioritised issues. Recurring and suspicious low risk expenses would still be exposed post-payment.
AI analyses spend patterns and habits over time to find repeat offenders who consistently make mistakes, pad spend or waste the company's money.
Shape your policies based on key insights from your own data. Find opportunities to alter ineffective policies and introduce other changes that fit your corporate culture and bottom line.
Track errors and incidents of fraud closely so you can tell the difference between intentional misuse and accidents.
Integrating your expense data means that your company can manage spending anywhere, anytime.
Let our team of global auditors handle expense audits and free your employees to focus on other tasks.
Simplify and speed up requests and approvals, drive policy compliance, and take control of company spend.
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