Report

2024 Finance Fraud Survey

2024 Finance Fraud Survey

Pages 1 Pages

SAP Concur's 2024 Finance Fraud Survey details the significant impact of fraud on businesses, extending beyond financial losses to employee burden. The report highlights that organizations annually lose 5% of revenue to fraud, with $50,000 being the median loss from expense reimbursement fraud, and nearly half of surveyed professionals know of a company affected by spend management fraud recently. This survey aims to provide insights to initiate internal discussions on effective fraud prevention. It introduces SAP Concur solutions, including Intelligent Audit, Consultative Intelligence, and Verify, designed to empower teams to more easily detect and prevent fraudulent activities. These solutions help mitigate risk, control spending, and can reduce audit times significantly, safeguarding or

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