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.

Related articles

Why Webexpenses Looks Different This Month 

If Webexpenses looks a little different lately, that’s not a glitch. We’ve changed how it looks, not how it works. Nothing has moved and nothing works differently. We’re calling it the ‘core interface refresh’ internally, but the name matters less than what it means for you: everything still works the way you’re used to, it […]

The Great De-Stackification: Why Finance Wants One Platform 

For a decade, the advice to finance teams was simple: build a tech stack. One tool for expenses, one for accounts payable, one for accounts receivable, one for cashflow, each one connected to the others by an integration.  That approach solved individual problems and created a new one: nobody had the whole picture.  That was […]

Expense Management Costs More Than the Price Tag Says

Chances are, that when you ask for a new expense management system, be that to replace an existing system or a manual process, you’ll be met with some variation of the question: ‘How much?’ That is, what’s the literal cost of expense management software, and the cost of implementation. That’s a fair question, and any provider should be completely transparent about pricing. […]