When you have access to public funds, you also have a greater sense of obligation and a higher level of fiscal responsibility. Even small mistakes can have big consequences. Unfortunately, many in the public sector and higher ed find themselves saddled with manual processes and siloed data that gets in the way of fraud and compliance management.
Technology can help. Modernized solutions automate and integrate travel, expense, and invoice management with artificial intelligence and machine learning to simplify employee compliance while giving administrators more granular insight into spending activities.
SAP Concur delivers a high level of automation backed by machine learning and supported by specialized tools, including OCR and three-way matching. It’s a modernized approach that helps those in the public sector and higher education fulfill their mandate.
Author – SAP Concur Team
Source – https://www.concur.com/newsroom/article/public-eye-minor-spend-management-mistakes-major-consequences