Navan launches AI audit engine with anti-corruption screening features

Navan (NASDAQ: NAVN) announced the launch of its AI-powered Audit Engine, a transaction screening system that includes more than 45 configurable audit checks and anti-corruption flags for business travel and expense monitoring.

The new system screens transactions against various risk factors including sanctioned individuals and politically exposed persons using global risk intelligence data from financial institutions. The platform automatically reviews transaction data, receipts, trips and participants in real-time.

According to the company, approximately 75% of transactions are auto-approved through the system, with the remaining 25% flagged for human review. Navan reported that it has flagged 2 million transactions this year, including nearly 30,000 instances of excessive tipping and hundreds of AI-generated fraudulent receipts.

"Finance teams typically rely on multiple systems or headcount to identify risk, fraud, and policy violations," said Yuval Refua, Chief Product Officer, Payments & Expense at Navan. "Our Audit Engine uses multiple LLMs to test every transaction against customizable audit checks."

The system flags various compliance issues including weekend spending, receipt amount mismatches, and prohibited items such as alcohol and tobacco purchases. The anti-corruption and bribery screening feature is designed to identify transactions with politically exposed or sanctioned individuals that could trigger Foreign Corrupt Practices Act violations.

Kylee Bloodworth, Senior Director, Global Accounting at Pendo.io, stated that the system saves her team at least ten hours per week compared to manual expense report reviews. Employee reimbursements for out-of-pocket expenses now occur within five days of approval.

The Audit Engine is available to all Navan customers globally, while the anti-corruption and bribery screening feature is currently in beta testing with plans for a full global rollout. The information is based on a company press release.

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