Expense fraud ranks as the most common type of staff fraud. With an estimated 7% of revenues usually lost to fraudulent activities around the world, this fraud accounts for 15% of all the fraud uncovered. Employees will seek to benefit at the expense of their manager for one reason or
It is quite strenuous to work with manual expense report tools, which usually involve paper receipts. If you are still working with manual expense reporting, this is the right time to make a move to an automated platform. The ever-evolving technological landscape makes it mandatory for organizations to reevaluate their
Business travel management has become more challenging after the recent pandemic. COVID-19 has significantly changed the corporate travel landscape, bringing in new difficulties and unknowns while the usual demands of the job remain everywhere. Though we cannot predict the future, there is no-doubt that pandemic will have a long-term impact
For most organizations, expense management is a complex task, similar to other chores like payroll, benefits, and annual tax submission. The other primary concern is the hidden cost of persisting with manual expense management processes. As the number of employees increases, the cost of expense handling increases, and the process
Building a business in the digital era means keeping pace with the latest tech and software solutions. Technology platforms move fast with the emergence of new ones. So, when purchasing software, businesses need to consider all the latest trends and insights. In this context, it is imperative to note that
Today, as more businesses implement work from home policies to protect the health of employees, a few essential changes are needed to be made. A robust travel and expense policy must ensure that all the existing business policies and responsibilities are correctly amended. As a part of the review, finance
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