Expense Audit:
Pre-Approval
DetectX offers streamlined expense auditing solutions for Pre-Submission, Pre-Approval, and Post-Payment stages, ensuring compliance and accuracy.
Pre-Approval: Ensuring Compliance Before Approval
Once an expense report is submitted, it moves into the pre-approval stage where it undergoes rigorous scrutiny. DetectX’s advanced tools facilitate a thorough review process to ensure compliance and accuracy before any payments are made.
Key Features:
DetectX’s comprehensive solutions for expense auditing—covering Pre-Submission, Pre-Approval, and Post-Payment stages—are designed to enhance accuracy, promote compliance, and foster a culture of accountability within your organization. By implementing our innovative tools, you can streamline your expense management processes while safeguarding your financial resources.Ready to optimize your expense auditing processes? Contact us today to learn how DetectX can transform your approach to expense management!
FAQs
Frequently Asked Questions About the Pre-Approval process
Our AI plays a central role by providing automated expense approval workflows. It analyzes and scores every expense based on risk, allowing low-risk expenses to be auto-approved while flagging high-risk items for human review. This eliminates audit fatigue and lets your team focus on strategic analysis.
During the pre-approval audit, our AI goes beyond basic checks to identify complex fraud types like AI-generated fake receipts, ghost expenses, and corporate card misuse. It uses AI-powered receipt authenticity to verify document validity at a pixel level with 99.7% accuracy.
Our behavioral fraud detection system identifies subtle, long-term schemes that are often missed. It looks for patterns of consistent policy violations or small, repeated misuses ("low-and-slow" fraud) that accumulate over time.
Our platform is designed for global scalability. It enforces diverse T&E policies and regulatory requirements across all regions, ensuring end-to-end compliance and a consistent level of financial control, regardless of where your employees are located.
Yes, one of our key advantages is a dramatic reduction in false positives. While legacy tools generate a high volume of false flags, our next-generation AI uses contextual understanding to reduce false positives by up to 50x, allowing auditors to focus on real risk.
Pre-Approval: Ensuring Compliance Before Approval
Once an expense report is submitted, it moves into the pre-approval stage where it undergoes rigorous scrutiny. DetectX’s advanced tools facilitate a thorough review process to ensure compliance and accuracy before any payments are made.
Get Started With the Best in Class Expense Audit Solution Today!
Have questions? Visit our FAQ page or reach out through our contact form - we're here to help!
At DetectX, we believe that effective expense management is not just about numbers; it’s about building a responsible culture within your organization. Welcome to the future of expense auditing!