Mileage fraud is one of the most common frauds happening in the industry. Whenever employees use personal vehicles for business purposes – mileage fraud happens. According to a global study, around 47% of business travelers commit mileage fraud by falsifying or exaggerating their mileage costs. Rounding up expense claims have become the most common form […]
Expense Software To Combat Mileage Fraud Read More »
Most business aspects are digitized to improve the efficiency of the processes. Corporate travel management is one area that is falling behind the technological advancements. Businesses have started adding virtual payments to the accounts payable life cycle. Let’s see how virtual payments can make the corporate travel management more effective. Transactions are Comprehensive Corporate travel
Eliminating Business Expense Fraud with Corporate Cards Read More »
In continuation to our previous post, this article outlines some more strategies to prevent expense fraud. Let’s take a look at some of the best strategies: Mandating Pre-approval Process Pre-authorization reduces the possibility of expense fraud. Pre-approval system works in conjunction with a corporate card or travel booking solution and helps improve visibility over the
Preventing Business Expense Fraud – Part 2 Read More »
