APPZEN: Companies Using AI to Identify Expense Report Fraud, Says AppZen CEO

By Rich Ord

Jan 14 2019

via Web Pro News

Image courtesy of Web Pro News

Image courtesy of Web Pro News

Companies Using AI to Identify Expense Report Fraud, Says AppZen CEO

AppZen has released a report, The State of AI in Business Spend, which shows that enterprise companies are only auditing 10 percent of employee expenses in expense reports submitted, which makes it very unlikely they will catch mistakes or even outright fraud.

The report, which used anonymized data from hundreds of companies, found that companies were missing fraudulent expenses related to strip clubs, escorts, tattoos, gambling, and much more.

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