Businesses can enforce a variety of strategies to resolve common expense reporting headaches. Although some approaches may cost money it can save company’s time and money in the long run. The following strategies might help travel managers or accounting departments that deal with reimbursement process. Customized T & E software for your business Poor visibility into spending due to missed ...

In travel and expense management, employees may engage in various fraudulent activities. You have to understand various types of fraud in order to combat how it is occurring. Reimbursement for Same Expenses When an employee sends reimbursement requests for the same expense multiple times, the audit department will find it difficult to identify such expense requests. Fictitious Expense Claims When ...

Tracking business trip expenses means tracking every penny employees spend to support their activities. Most businesses trust employees on the reports they submit, but few of them have the intent to submit fraud claims. However, with expert-recommended policies, you can ensure that expense reports submitted are legitimate. The following are a few signs to look for in reimbursement requests. Receipt ...

Recent studies reported that increasingly many employees have found a way to forge the expense reimbursement process. The question that arises is there any way for organizations to control such fraud behavior of employees. Technology can help organizations measure and quantify the spend to control fraud from happening. Trends in Corporate Travel Fraud The following are some of the common ...

Are you planning to purchase expense management solution to keep track of day-to-day corporate and business travel expenses? If yes, then it’s time to consider a wide variety of factors such as cost, amount of flexibility, integration features, scalability, mobile capabilities, ease of use, deployment options, business value, and more. Here is a checklist of how to choose the best ...

As companies work to cut down costs and ensure every penny spent on their travel budget is well accounted for, they are emphasizing more and more visibility and greater control over their travel expenditure. Increasingly, companies want a centralized system that offers seamless integration between travel booking and expense management. Also, the new generation of mobile booking and payment services ...