Fraud and Compliance

Increase Efficiency and Comply with Government Regulations Through Automated Expense Management

Roger Williams |

Anyone who works in Aerospace, Defense, and Government contracting (ADG) can tell you that, in this business, there¡¯s no room for inefficiency. When your mission is to innovate quickly to serve government customers and safeguard the public, you simply can¡¯t afford to have anything drag you down.

In a high-stakes and fast-paced industry like ADG, it¡¯s also easy to lose sight of the smaller, day-to-day parts of your business. However, while back-office operations may seem far less important compared to your organization¡¯s larger goals, inefficient and ineffective processes can take a toll on your people and your business overall.

Take for example expense management. Every business has costs and expense reporting built into its operations. Yet, no matter how cutting edge an organization may be, many still use manual, paper-based travel and expense processes that can frustrate employees, lead to costly mistakes and noncompliance, and expose their organization to a higher risk of fraud.

When government contracting is your business, expense management is even more challenging and important. In addition to the typical burdens of managing spend, you also must face the complexities of Defense Contract Audit Agency (DCAA) audit requirements, government oversight, and miles of red tape that often come with the territory.

SAP ºÚÁϹÙÍø solutions provide a simple and mobile-friendly way to manage your travel and expense processes, as well as navigate the scrutiny unique to ADG organizations. By automating and integrating spend management, you can better control employee spend, give employees a quick and easy user experience, and create an efficient workflow that helps you hit every government auditing and compliance check.

You can also take advantage of our intelligence tools, reporting, and auditing experts who will help review expenses against internal policies, receipts, and external government requirements.

Having worked with Aerospace, Defense, and Government contractors of all sizes for more than 15 years, we understand the different challenges that defense contractors and government contracting organizations face. That¡¯s why we have flexible offerings that allow our customers to create product packages that are specific to their business needs and support audit compliance.

Our base ADG solution set can help you meet government auditing requirements, while our enhanced ADG + Detect and ADG + Detect & Locate packages include tools that help you detect fraud, increase policy compliance, and support traveling employees in the event of an emergency.

To learn more about our solution sets, please download our brochure.

Fraud and Compliance
The new American Tax Cuts and Jobs Act?has brought some pretty big changes to business?meals and entertainment deductions If you are feeling confused by what can and cannot be...
Keep reading
Fraud and Compliance
In the first two parts of this series we explained why travel risk management TRM is so important for businesses and why coordinated data capture is key to your TRM plan Now how to tie...
Keep reading
Fraud and Compliance
Discovering fraud within your own company can be pretty heartbreaking Its that sinking feeling in your stomach when you realize the employee or employees you trust are essentially...
Keep reading