Control travel and entertainment (T&E) risks in a complex, highly regulated environment
Enterprises under pressure to hit sales targets or find new suppliers face heightened risk from employees' T&E expenses. Loss due to T&E fraud or out-of-policy booking (leakage) is common, and regulators are monitoring corporate spend more closely.
Most T&E audit approaches don't fully control leakage and secure policy compliance. Genpact and AppZen's solution uses advanced technology to automate audits and cut costs.
Regulatory crackdown
Risk from fraudulent T&E expenses is heightened not just because of increased claims but also because regulators are turning their forensic views and power to T&E policy noncompliance. Multimillion-dollar fines for noncompliance are just one of the consequences.
The other lasting consequence? Reputational damage.
To maximize T&E policy compliance, companies need to combine functional knowledge with insights from technology to deliver a robust T&E audit, total transparency, and improved employee spending behavior.
An expert alliance
Taking advantage of digital technologies like artificial intelligence and machine learning calls for partners with long-held expertise. That's what Genpact and AppZen's alliance offers.
Genpact brings risk and compliance management expertise, skills in digital transformation, and deep finance and accounting process knowledge, while AppZen brings AI and analytics technology trusted by more than 1,800 global enterprises. The result is a wraparound expense auditing-as-a-service solution.
User-friendly technology
Genpact and AppZen's solution goes beyond a functional T&E audit to give leaders complete visibility over and actionable insights into spend trends, including the ability to take preventative action.
With automation, T&E teams will spend less time reviewing expenses, reimburse employees faster, cut spend overall, control risk, enhance cash flow, and increase transparency and governance.
Mitigate T&E expense management risks with Genpact and AppZen
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