Platform
Solutions
Travel & Expense
Purchase Card
Fleet
Payables
e-Procurement
General Ledger
Why Oversight
Company
About Oversight
Leadership
Careers
Newsroom
Events
Partners
Contact Us
Resources
Blog
Request Demo
Log In
Request Demo
Global Beverage Company
Overview
Largest manufacturer, distributor and marketer of non-alcoholic concentrates and syrups
$64 billion supply chain; 92,800 employees; >200 countries; and >500 brands
2009 annual revenue of >$30 billion
Primary System: SAP, Extensity, Amex, Visa
Business Challenge
Known losses of $348K over 58 months
Organizations lose 7% of their annual revenues to fraud (
2008 ACFE Report to the Nation
)
Expense reimbursement accounted for 19.5% asset misappropriation fraud cases (
2008 ACFE Report to the Nation
)
19% of business travelers admitted to padding their expense reports (
T&E Magazine
)
Solution
Automation of in-process T&E card review
Distribution of exceptions managed through automated workflow
Results
Eliminated manual audit of expense reports
Identified 34% of total expense report lines as potential source of error or fraud
Identified and aggregated root causes of policy violation leading to opportunity for training and policy review and enhancement
40% reduction in T&E audit staff
