Prevent Fraud and Manage Compliance

In our October edition, we cover how to help employees comply with spending policies and how to make it easier for your finance team to manage fraudulent claims using AI and automation. Here are some of our latest, valuable assets to help guide your business improving expense policy compliance and time-saving efficiencies.

How to Overcome Fraud Uncertainty and Be Future-Ready

The typical organization loses 5% of annual revenue to fraud each year. This eBook outlines five steps for improving risk management in today's business world through monitoring and analyzing employee spend data to identify fraud schemes and setting controls to safeguard against them. SAP Concur's solutions include intelligent audit, verify, and Concur Detect to actively prevent and detect fraud, expand reviews throughout the spending and approval process, refine policies, and avoid budget blind spots. Download the ebook here (Canada here)

Fraud Prevention Check-Up: Comprehensive Compliance Considerations

Even your travel and expense program needs a regular check-up to stay healthy. Join our experts to hear what you should be doing to continuously reduce non-compliant spend and if there are new risks that should be brought to your attention. In this on-demand webinar, We'll prescribe actionable take-aways to keep your compliance measures strong and growing. Watch the webinar here.

10 Business benefits of Concur Detect by Oversight

Enhance spend compliance while reducing errors, fraud, and waste by automating time-consuming and error-prone expense auditing processes and using intelligent technologies to add context to decision-making. Read how the Concur Detect solution by Oversight can help you achieve these goals. Download our infographic here (Canada here)

Reduce risk and improve compliance in spend management

Learn how Concur Detect by Oversight automatically reviews and analyzes expense reports before and after payment to identify potential errors, waste, fraud, and patterns of misuse that may be extremely difficult for people to identify. Learn how Concur Detect integrates with Concur Expense and leverages the power of artificial intelligence and machine learning. Learn more here.

Regulated Industries: What I Wish I Knew as an SAP Concur Administrator

Gain firsthand insights from former T&E administrators who have since joined SAP Concur directly. Discover best practices for effective usage of your solutions - including tips to improve expense report management, detect fraud and mitigate risk - all while adhering to the complex Regulated Industries compliance standards. Watch the webinar here.

Fending Off Fraud

Fraud is escalating, costing companies 5% of revenue annually. While it can seem like a complex issue, organizations can take proactive steps to better prevent and detect fraudulent activity. This tip sheet helps organizations understand how to implement controls, identify red flags, and find the "needle" to unravel a broader scheme, so you can learn how to fortify your defenses and stay ahead of fraudsters. Download here. (Canada here)

Fraud-Free Culture: The Power of People in Fraud Prevention

Artificial intelligence (AI), can be powerful anti-fraud tools. So can clear policies and rules. But the savviest organizations also recognize the crucial role that people play in the anti-fraud equation. Listen to our podcast here.

“Fraud is a human problem. It’s not an accounting or a financial or a transactional problem,” says . In fact, in her experience, an ethical and compliant corporate culture may be the most critical component of an entire anti-fraud program.” - Andi McNeal, the Vice President of Education at the Association of Certified Fraud Examiners (ACFE)

7 Ways to Increase Visibility and Control Over Spend

Finance leaders are implementing the right policies to maintain compliance and control costs. But to truly prepare organizations for the future, finance leaders need full spend visibility, advanced analytics, and the ability to implement spend controls quickly. This ebook suggests seven ways to increase spending visibility and control. Download our ebook here.

Make the Most of Fall Travel with These 5 Tips

Are you planning a fall trip? It’s everyone’s new favorite season to travel. With it comes cooler temps, less crowds, and lower prices—what’s not to love?  TripIt shares some travel tips and what to know to make the most of it. Read the blog here.

Thanks for reading! For more information on fraud and compliance, find additional resources here:

• SAP Concur Fraud
• SAP Concur Compliance