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Expense Monitoring and Auditing (EMA)
Audit 100% of your commercial expenses data within a few minutes instead of manual and time-consuming projects to ensure that your organization stays compliant with the predefined expense limits. Expense Monitoring & Auditing brings comprehensive expense report insights critical to addressing entrenched challenges in managing company-wide expenses.
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White-out Detection
Machine learning algorithms can be trained to identify patterns and anomalies in expense data. AI can flag unusual spending patterns, duplicate expenses, expenses that deviate from established guidelines or thresholds, or detecting inconsistencies in signatures, text, or formatting that may indicate the use of correction fluid; enabling auditors to focus their attention on high-risk transactions.
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SAP Concur Integration
AI-powered expense audit solutions can seamlessly integrate with existing workflow systems and financial software platforms, streamlining the audit process and enabling real-time monitoring and analysis of expenses.
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Comprehensive Expense Audits
AI can help detect potential instances of fraud or misconduct by analyzing expense data for suspicious activities or behaviors. By applying predictive analytics and anomaly detection techniques, AI can identify outliers and potential instances of fraud, such as unauthorized expenses or inflated invoices.