After having rethought the infrastructure of its hotel catalogue, Navan focuses on a sensitive point of corporate travel policy: transaction verification. The TMC is indeed launching an audit engine that, thanks to AI, will sift through expenses related to business travel. And it protects the company against the various risks to which it is regularly exposed, by providing its financial management with a major new asset.
Navan has listed 45 advanced checkpoints, which should make it possible to instantly detect potential risks and fraud. The platform now analyses every transaction via 45 advanced checkpoints to detect risks and fraud instantly. These apply to all transaction data, receipts, itineraries, and travellers.
The tool launched by Navan notably integrates anti-corruption and anti-extortion alerts, activated with a simple click. And this without alerting individuals potentially in breach... Among the problematic cases targeted by the TMC are excessive tips, but also fraudulent receipts generated by AI. Anomalies such as expenses during the weekend, discrepancies in amounts, or the purchase of alcohol or tobacco are also among the critical points to identify.
" Financial departments generally rely on a multitude of systems or human resources to identify risks, the fraud and breaches of spending policies » explains Yuval Refua, Chief Product Officer, Payments & Expense at Navan. He continues: « However, protecting a business is primarily a matter of data volume and processing. Thanks to its AI, Navan is ideally positioned to meet this challenge. Our audit engine uses multiple large language models (LLMs) to scrutinise every transaction. By tenfold increasing the capabilities of finance departments, Navan eliminates hours of manual investigation, allowing them to focus solely on cases requiring human arbitration. ".
