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SAP Concur is adding a new auditing capability to Concur Expense that checks all expense reports for potential issues and irregularities. Dubbed Verify, the tool uses artificial intelligence models based on more than $1 trillion in historical spending data within Concur's platform, along with machine learning, to automatically flag anomalies for review by human auditors, according to the company.
Verify will roll out in the third quarter of 2021 as an add-on service to Concur Expense, the company said.
The Covid-19-fuelled rise of policies permitting work from home—a trend that won't necessarily abate with the pandemic, according to some observers—has led to significant changes in employee spending and expense patterns, Concur noted. That shift has given rise to uncertainty about corporate expense rules—Concur data show that the proportion of expenses categorised as "other" increased by 58 per cent from 2019 to 2020—and inadvertent policy violations, the company said.