Concur Detect Solution Overview for Expense Auditing

This document is a solution brief that outlines the Concur Detect solution by Oversight, which aims to enhance compliance and reduce risks in expense management. It describes the challenges faced by organizations in manual audits, including resource constraints and the complexity of validating compliance with policies. The solution leverages artificial intelligence and machine learning to automate the auditing process, allowing for a thorough analysis of expense reports both before and after payment. Concur Detect identifies potential errors, fraud, and patterns of misuse, providing auditors with the necessary insights to address policy violations effectively. The brief details a multitiered approach to compliance management, including prepayment and postpayment audits, which help organizations gain visibility into expenses and improve overall spend compliance. By integrating this solution, organizations can minimize risks associated with noncompliant spending and enhance the efficiency of their auditing processes.