Finance controllers know that travel and expense is one of the major expense categories in their organization. Businesses with frequent travelers should be aware that T&E is often a target for fraud. Modern T&E systems provide tools that evaluate spending trends and can find payment fraud. An online spend management solution, and the use of […]
Different Types of Expense Fraud and How to Control Them Read More »
Working closely with staff requires you to manage their day-to-day activities, including the claims they submit. Therefore, when fraud occurs, it is imperative to identify what exactly the reason is and where it is happening. In fact, around five percent of revenue is lost to fraud every year. So, what can a business do to
Slash Expense Fraud With Corporate Cards Read More »
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
5 Signs Employees Indulging in Expense Report Fraudulence Read More »
