Use AI and machine learning to automatically analyze expense reports, speed up the auditing process, and resolve issues before and after reimbursement.
Vendor
SAP Concur
Company Website
Automate for greater accuracy, more visibility, and increased efficiency
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 drive regulatory and policy compliance, increase visibility into spending, and identify fraud.
- Find suspicious spending activity before payment
- Address and control out-of-policy spending and create a culture of compliance
- Reimburse employees more quickly
- Analyze trends and patterns to identify fraud and repetitive misuse
The value of AI and machine learning
Here’s how advanced technology can make the auditing process more accurate, efficient, and effective. Uncover valuable data and trends AI and machine learning collect detailed expense data through automated receipt extraction, translation, deep learning, and natural-language processing. Focus more on high-risk issues Automatically approve low-risk expense reports and let auditors focus solely on resolving reports where risk is found. Eliminate manual processes With AI, organizations can eliminate mundane tasks to drive down the cost of audit programs while reimbursing employees faster. Dig deep to validate receipts Cross-check expenses across variables and quickly identify if a transaction is valid while uncovering violations. Creating a culture of compliance Bring hard-to-find data to the surface and identify employees who routinely spend out of policy. Separate fraud from mistakes Track errors and incidents of fraud closely so you can tell the difference between intentional misuse and accidents.