We’re Expense Report Experts

Fenix Global has worked with many US and global Fortune 100/500/1000 companies in a variety of industries for the last 25 years to effectively implement, manage and use expense services and offerings.

We realize that nobody in your company or organization wants to audit expense reports, but leaving this audit unperformed can lead to waste of company money and time… and that’s why we’re here! According to a research conducted by PayScale.com, more than 39% of respondents admitted to some unethical practice involving expense reports. Unfortunately, there are many employees out there who don’t see anything wrong with exaggerating amounts on expense reports or even including non-compliance or non-policy related expenses. It’s vital that employees understand that expense report fraud is no different from stealing in a roundabout fashion. A few dollars here and there can lead corporations to hundreds of thousands of dollars in lost amounts.

Humanizing the Audit Process

Artificial Intelligence has come a long way in eliminating time consuming and redundant tasks that have historically burdened Accounts Payable and Compliance Departments for years. At Fenix, we believe in a combination of both Artificial intelligence and Human Intelligence. Why?

Human Intelligence cannot be eliminated in an ideal customer service world. Every individual deserves an empathetic, knowledgeable, helpful human being assisting in trouble shooting problems and issues
Ability to feel emotions and empathy.
Human Visual Skills – Can validate expenses using visual queues as opposed to dialogue queue. (For example, AI may see the word “Margarita” on an itemized meal receipt and assume as an alcoholic beverage, where it may be a margarita pizza, which a human can detect visibly.

Until this day, our Expense Audit Services have been performed on over 5 Million expenses reports and counting…

Catching and eliminating fraud and error in an expense report is what our Fenix Auditors are experts at! Although we are pros at catching missing receipts and hounding down non-policy expenses, we also offer more than just an audit! It’s absolutely vital that a company keeps in the loop with their employees’ expense reports; knowing what is being expensed, who’s making these errors,, how much revenue leakage is occurring. We offer:

Travel Policy Consulting
Expense System Implementation and Consulting
Artificial Intelligence Management – for companies that already implemented Artificial Intelligence for Expense Audit, but finding it hard to manage the level of effort to maintain these systems
Audit Rule Creation
End User Support Services

Get started today and save thousands to hundreds of thousands of dollars a year with our specialized audit services!