"The ROI on this tool has been 6.5 times what we paid for it."
Travel is a critical part of business success at Autodesk – making T&E expense management equally critical to the bottom line. With Concur Travel and Concur Expense already in use, Autodesk needed a way to analyze its transactional spend without further straining resources. They turned to Oversight Insights On Demand®.
Autodesk knew they had instances of out-of-pocket transactions that should have been on the corporate card, as well as some concerns around high risk transactions and duplicate expenses. Through an inital analysis by Oversight, they realized they had even more gaps than they thought.
Autodesk used Oversight's pre-built integration with Concur to seamlessly automate data acquisition. The company then analyzed its expense data through Oversight Insights On Demand, a web-based software solution, which incorporates advanced analytical techniques to immediately identify high risk transactions, unusual spend patterns, excessive and unusual out-of-pocket activity, and duplicate expenses.
For many Oversight clients, improved processes have led to increased policy compliance, reducing policy violations by up to 70% within six months. For Autodesk, it also improved resource efficiency and transparency.
“The ROI on this tool has been 6.5 times what we paid for it,” says Carolyn Hardee, Corporate Card Manager at Autodesk. “We now have visibility into every single expense report, which is invaluable. And it has also been hugely educational for changing behavior among our employees since it has allowed us to promote the use of corporate cards over cash.”
No more manual processes. No more questioning the best criteria or approach for analyzing mountains of data. Oversight and Concur’s integrated solution improves efficiencies in expense management, allowing Autodesk to focus on what it does best: helping people imagine, design and create a better world.