In the world of auditing, auditors face numerous challenges. Every auditor knows this all too well: manual audits of documents can be tedious and time-consuming and always harbour the risk of fraud and errors that can go unnoticed. 

But what if we could perfectly combine human expertise and AI technology to enable efficient and precise verification?

This is exactly where AMADEUS comes in with Smart Audit, a solution that was developed as an extension for the Cytric Expense expense report module. By integrating AppZen's leading financial AI software into Cytric Expense, auditors worldwide are now also supported by AI. AppZen uses artificial intelligence to process thousands of data sources, languages, suppliers, brands and local regulations in documents and images in over 90 countries, enabling organisations to better understand financial transactions and make smarter business decisions.

These Innovative solutionpreviously exclusively via direct contracts with AMADEUS was available, is now also available via DER BUSINESS Travel available.

But what makes Smart Audit so unique?

Advantages for travellers 

• • Accelerated reimbursement while complying with expenditure guidelines.
  • Prevention of errors through automatic detection.

Advantages for auditors 

• • Increased productivity through digitalisation
  • 1001TP3Complete coverage of settlements
  • AI-supported audits

Advantages for companies 

• • Reduction of expenditure losses
  • Savings of 2.5 to 3.5 % per travel expense report
  • Strengthening a company's spending policy

Smart Audit is available in two different packages, Standard and Advanced, with different functions.

Standard 

• • Identification of documents submitted twice.

Advanced 

• • Includes all functions of the standard package as well as additional checks such as the verification of the matching of receipt data with line item data, the verification of merchant category and merchant price, the detection of unauthorised expenses and more.

What can Smart Audit do

• • Smart Audit searches for the retailer's name and address to identify the transaction type and compare it with the document type.
  • It checks for duplicate receipts by comparing the date, address, amount, receipt number, etc. between the statements, users and claims.
  • The system checks out-of-policy issues on the basis of words, brands, articles etc. that are on the blacklist.
  • It carries out an automated receipt check to ensure that the document data matches the line item data.
  • The merchant price check ensures that the total amount is within the average threshold for that particular merchant.

Risk calculation

Smart Audit has a simple method for categorising the risk level in the form of a traffic light system:

• • GREEN  No models triggered: No recognised risk.
  • YELLOW  One model triggered and the receipt is less than 50 euros: Medium risk.
  • RED More than one model triggered or the receipt is more than 50 euros: Higher risk.

Are you ready to speed up your auditing process and improve accuracy at the same time? With Smart Audit, you can not only optimise your workflows, but also ensure that no important details are overlooked. Increase your efficiency and accuracy with Smart Audit today!

Please feel free to contact one of our experts from the DER BUSINESS Travel team at the head office in Frankfurt.