HCP Expense Auditing Survey Report 2024
Discover Key Insights into Life Sciences Compliance Trends
Our latest survey provides valuable insights from life sciences compliance professionals about their current practices, challenges, and the growing role of advanced technologies like artificial intelligence (AI) in expense monitoring and auditing.
Key Findings:
- Audit Coverage – 46.86% of organizations audit less than 10% of their expense reports, highlighting significant compliance gaps.
- Approach to compliance – Only 34.34% use automated auditing tools, with manual audits still dominating at 46.31%.
- Challenges in Auditing – mismatched expense reports, submission delays, and more, highlighting the need for streamlined processes and better policy alignment.
- AI Adoption trends – 14.10% are leveraging AI, while 50% are planning to implement AI-based tools within the next year.
- Audit Focus – 88% of respondents prioritize HCP meals, leaving room to expand compliance scope.