Per Attendee Cost
Written by Michelle Henley
Updated at October 24th, 2024
Table of Contents
Use Case:
Monitoring per-attendee costs for meals and entertainment is crucial for organizations to ensure compliance with expense policies and prevent excessive spending. High per-attendee costs can signal potential misuse of company funds or non-compliance with established guidelines.
The Per Attendee Cost analytic compares the per-attendee cost of a transaction to similar transactions from the past 365 days, focusing on those within the same category (e.g., meals or entertainment) and sharing similar characteristics like payment method and expense type. The system identifies transactions that fall into the higher percentiles of this historical data, flagging those that vary significantly from typical patterns. This targeted review enables organizations to detect and address any irregularities, ensuring compliance with internal policies and controlling excessive spending.
| Description | Identifies transactions where the per-attendee cost is high relative to a historical period of attendee-related transactions |
| Domain(s) | Employee |
| Analysis Type | Context Flag |
| Focus Area | Attendee |
| Score Methodology | The transaction's per-attendee cost percentile amongst the historical period of attendee-related transactions. A percentile notes the value below which a percentage of the historical data falls. |
Default Scoring Criteria
Importance: 4 (default)
Enabled: True (default)
| Risk Result | Default Value | Notation |
|---|---|---|
| Weak | 90th |
Percentile Note: A percentile notes the value below which a percentage of the historical data falls |
| Moderate | 95th | |
| Strong | 99th | |
| Auto | Not Set |
Unique Configuration
- The historical period for comparison metrics is 365 days
Exclusions
- Excludes any expense types that are not considered meals or entertainment