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Oversight Launches T&E Fraud Identification Tool

Oversight Systems has updated its Insights On Demand software-as-a-service (SaaS) solutions to provide managers with quicker ways to identify expense report fraud.

Research released last November by webexpenses found that employees often feel justified in exaggerating claims on their expense reports.

“The results bring to light the changing patterns of expense fraud, the shift to more subtle methods to efficiently enable claims to fall through the cracks and raise no red flags,” reflected webexpenses CEO Adam Reynolds in a statement. “The most prominent area being exaggerated [is] mileage claims; this could be down to employees feeling it’s completely innocent just rounding up mileage, and, with a manual process, it’s a lot harder to identify.”

Read the full article on PYMNTS.com.