The biggest danger posed by expenses fraud is ‘death by a thousand cuts.’ It’s the multitude of small losses which can chip away at a company’s resources.
Nowhere is this more clearly seen than with mileage expenses and the problem of fabricated and exaggerated travel costs left unchecked.
Instead of these abuses being challenged and tackled, they have all can often be tolerated by business who don’t have the time to make the necessary adjustments, which contributions to an environment in which expenses fraud can thrive.
The National Fraud Authority estimates that UK companies continue to lose around £100 million each year to falsified and exaggerated expenses.
This guide provides an overview of the challenges faced when managing travel expenses fraud and a look at how technology can help your organisation regain control.