- Solution overview
Risk-proof Workday Expenses with artificial intelligence
A digitally enabled, managed service solution for Workday Expenses
With more companies going global in a dynamic, fast-paced business environment, corporate travel is on the rise. As are its related expenses. Travel and expense (T&E) spending now ranks among the top three company expenses, with costs ranging between 6% and 12% of the annual spend. T&E transactions are highly susceptible to fraud and non-compliance. The high volume of transactions and the need to process expense reimbursement faster could mean companies are at a greater risk of processing inflated or illegitimate claims. Also, government regulators are keeping an eye on this expenses category because T&E is the most preferred route for disguising bribery and corruption-related spend.
Travel and Expense (T&E) management with audit analytics that integrates with Workday Expenses. This integrated end-to-end solution, depicted in figure 1, offers Workday customers a managed service and audit solution powered by artificial intelligence (AI). The combined solution will deliver the following:
Combining Genpact's T&E management solution with Workday Expenses can deliver:
Managing T&E spend and getting greater visibility into the process is important when businesses must thrive in a world of VUCA (volatility, uncertainty, complexity, and ambiguity). With a robust T&E solution, they can look forward to achieving better control and compliance, as well as their strategic goals.
And that's what our combined AI-powered digital solution promises. It prepares you for the future while preventing spend leakage and reducing reputational risk significantly. So, are you ready to transform T&E and build a compliance-positive culture?