How Automation Makes It Easier to Comply With Company Travel Policies
Travel and expense fraud isn¡¯t a finance problem. It¡¯s a human problem. When employees book their own travel and then report their expenses, it can be easy to accidentally or purposely fall outside of the corporate travel policy. Meanwhile, a random expense report audit can be like looking for a needle in a haystack while doing little to help employees stay compliant.
In the latest episode of the Intelligent Business podcast, The Wall Street Journal¡¯s Michael Barnwell explores how SAP ÂÜÀòÊÓƵ helps companies use new advances in artificial intelligence and machine learning to boost compliance and improve the detection of costly fraud, errors, and misuse.
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Rather than trying to catch mistakes or fraud after the fact, managers can instead use technology to build a culture of compliance. Soon enough, employees won¡¯t recall a time before AI audited every transaction, while detecting fraud ¨C accidental or purposeful ¨C will be an automatic part of the expense process.
In this episode you¡¯ll learn:
- Why different companies have different definitions of ¡°T&E policy compliance¡±
- How unintended errors can be as costly as intentional fraud
- Why random audits provide a false sense of security
- How automation makes it easy to protect against most common travel and expense fraud
The Intelligent Business podcast is a collaboration between SAP ÂÜÀòÊÓƵ and The Wall Street Journal¡¯s Custom Studios. This new series digs into the stories behind the innovations that allow companies to become smarter about business travel. .
