-Enhanced

AI-Enhanced Expense Monitoring & Auditing

Life sciences companies face growing regulatory scrutiny and reputational risk due to inadequate monitoring and auditing of HCP and HCO-related expenses. Multiple data sources and manual review processes cause delayed risk detection resulting in enforcement actions and financial penalties. AI-Enhanced Expense Monitoring and Auditing Solution automates audits, detects anomalies, and ensures 100% review of expense reports in minute.

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AI Enhanced Capabilities

Reduced Compliance Risk

Ensure adherence to regulations and policies with automated compliance checks for global and industry standards.

Comprehensive Audit Coverage

Review 100% of your expense reports to uncover anomalies and expenses that deviate from established guidelines.

AI-Driven Risk Monitoring

Identify anomalies, fraud, compliance gaps, and spending deviations through continuous risk assessment.

Stronger Risk Management

Proactively identify discrepancies and risks across 100% of expense reports, enabling stronger risk management.

HCP Engagement Compliance

Gain total visibility into all company expenses with real-time monitoring, ensuring full oversight and financial integrity.

Seamless Integration

Connect with SAP Concur and other T&E systems, enabling smooth data flow and eliminating manual entry errors.

Expense Monitoring and Auditing Process Flow

Identify Data Sources

Define Business Rules / Audit Rules

Perform the Audit

Analyze Audit Results

Analytical Reports

Identify_source

Identify Data Sources

Integrate data from Concur and other T&E systems

Audit_rules

Define Business Rules / Audit Rules

Establish audit rules based on company policies and global standards.
Automate compliance checks for alignment with policies.

perform_audit

Perform the Audit

Review 100% of expense reports, identifying anomalies and deviations
Use AI-driven risk assessments to uncover fraud and inconsistencies

Analyze_audit_result

Analyze Audit Results

Classify reports as Pass or Fail based on the evaluation of audit criteria
Provide actionable insights on discrepancies or non-compliant entries.

remediation_

Remediate

Reject the Report when violations or discrepancies are detected
Investigate reports for further scrutiny, ensuring transparency and compliance

Analytical_reports

Analytical Reports

Generate detailed reports for senior management, offering a comprehensive analysis of audit performance, risk trends, and areas for improvement

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