Global research has revealed employees are getting smarter with committing expense fraud

Content from our United Kingdom office from our UK office

84% of UK office workers have never had their expense claims challenged or declined

New global research carried out by Webexpenses has put expenses under the microscope and uncovered a staggering insight into the sophistication of methods that employees worldwide are using to submit fraudulent claims and committing expense fraud.

In many instances businesses may not be aware of the complex nature of expense fraud and the multitude of ways it could be hitting their organisation. However, 2017 research found that, 42% out of UK office workers surveyed, agreed that if they are sensible with fraudulent claims they are unlikely to be challenged.

With mileage being the most commonly claimed back form of transport (57%) it wasn’t a surprise to learn that nearly half of employees (47%) admitted to increasing the number of miles they travelled, with many respondents confessing to “only ever adding a couple of miles on”. The justification seemed to come from the 71% agreeing that ‘most people increase the miles they’ve travelled’ and a further 43% who agreed with the statement ‘everyone over claims so they don’t see an issue with it’.

What’s more, it appears fraud has become further excusable by over half (51%) of UK respondents thinking if they travel for work they deserve a treat. This is further supported by the 16% that confessed to treating themselves, a partner or child to a present while away on a business trip. The results indicate that an increasing amount of employees think that if they put the hours in they deserve a reward, a concept that if ignored could cumulatively have a detrimental impact on company finances.

Read the full article on HR Review.

If you're interested in finding out more about Webexpenses and how it can help you solve the pain of manual processing, contact us or request a free demo with one of our specialists.

Xero article: How technology is helping to fight invoice fraud

How Webexpenses is working with SMEs to reduce invoice fraud

Nov 5, 2019

Criminals are adopting increasingly-sophisticated strategies to trick accounts payable teams into processing fraudulent invoices. Scammers are getting better at spoofing…

Read More

Webexpenses to showcase at Charity Technology Conference 2019

Oct 30, 2019

Leading expense management provider Webexpenses will be joining charity IT and digital leaders for this year’s Charity Technology Conference in…

Read More

Webexpenses to join NetSuite for UK’s biggest cloud ERP event

Oct 24, 2019

Announcement: Webexpenses to showcase new ‘SuiteApp’ at SuiteConnect London Leading expense management provider Webexpenses will be among the many users,…

Read More

Webexpenses Achieves ‘Built for NetSuite’ Status

Sep 12, 2019

New suite app meets the NetSuite SiteCloud Platform Development Standards and Documented Best Practices Oxford, UK – 11th September 2019…

Read More

New global study reveals nearly half of employees worldwide are frustrated with outdated office technology

Jul 9, 2019

Participants believe management is not investing enough money into software and hardware (Oxford, UK, 9th July 2019)– A new global…

Read More

Webexpenses raises over £8,000 in aid of Cancer Research UK

Jun 28, 2019

from our United Kingdom office Witney, Oxfordshire, UK – On the 21st June, team Webexpenses embarked on a voyage in…

Read More

Webexpenses latest research hits the UK national media

Jun 14, 2019

Webexpenses study of 2000 UK office workers uncovers that nearly a third of an employee’s time is wasted on pointless…

Read More

New Study Reveals Employees Spend Nearly 1/3 of Time Doing ‘Pointless’ Tasks

Jun 11, 2019

Survey of 2000 UK businesses reveals how outdated business technology is impacting on employee productivity and satisfaction (Oxford, UK, 11th…

Read More

Top Expense Management Provider Expands Globally, Increases Service Offerings

Mar 4, 2019

Top Expense Management Provider Expands Globally, Increases Service Offerings Experiencing growth, Webexpenses expands software services product line to cover business…

Read More

Local expense software provider launches initiative to aid Austin startups

Oct 24, 2018

from our US office   Local Expense Software Provider Launches Initiative to Aid Austin Startups Software provider, Webexpenses, aims to…

Read More