Reduce risk and improve compliance in spend management

Modern finance teams face constant pressure to increase spend compliance while reducing errors, fraud, and waste. However, manual processes and missing transaction context can reduce the accuracy of expense report approvals. Modern finance teams face constant pressure to increase spend compliance while reducing errors, fraud, and waste. However, manual processes and missing transaction context can reduce the accuracy of expense report approvals.

Leveraging the power of artificial intelligence and machine learning, the Concur Detect solution by Oversight integrates with the Concur Expense solution to evaluate expense reports based on your unique organisational policies. Concur Detect reviews automatically and analyses your reports, both before and after payment, to identify potential errors, waste, fraud, and misuse patterns that may be extremely difficult for people to spot. Improve your spend visibility and control by equipping your auditors with the tools they need to identify policy violations and spend anomalies and to validate receipts.

Concur Detect by Oversight provides a multitiered approach to compliance management with:

• Validation through audit rules using artificial intelligence and machine learning

• A prepayment audit aimed at addressing noncompliant spend

• A postpayment audit with comprehensive analysis involving behaviours, benchmarking, reporting, and trends

Download our solutions guide to learn more.