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Tag: Automated Expense Reports

Expense Management

How automation can help detect and prevent expense report fraud

Posted on February 11, 2021August 7, 2022

The Association of Certified Fraud Examiners categorizes expense frauds into four types. They are as follows: Mischaracterized expenses  Personal expenses submitted under the category of business expenses is a frequent occurrence. This eventually adds up as there is no way to determine the category of a claim based on the submitted receipt. Fictitious expenses These…

Why You Should Stop Paper-based Expense Reporting

Why You Should Stop Paper-based Expense Reporting

Posted on November 23, 2020August 7, 2022

Despite being in the 21st century several organizations and companies rely largely on paper-based and manual expense reporting. While this might have been the norm several years ago, continuing to process expenses the same way leads to companies missing out on key aspects of the strategy that allows them to maintain relevance while saving time,…

How expense management can help CFOs

How Expense Management Can Help CFOs

Posted on February 7, 2020August 6, 2022

Travel and expense (T&E) cost is usually a close second after wages and sales-and-marketing outlay when it comes to controllable costs. According to the Association of Certified Fraud Examiners’ 2018 Report to the Nations, expense reimbursement fraud accounts for 21 percent of fraud in small businesses and 11 percent in large businesses. Adoption of technology with…

Automation Takes the Pain Out of Expense Management

Automation Takes the Pain Out of Expense Management

Posted on February 11, 2019August 6, 2022

What is one of the biggest issues all employees absolutely dread? Expense Reporting. We are sure you will agree. The world of expense management has been bogged down with boring, lengthy and painful manual processes. Where the world today is adopting automation, this is one area of business that has been slow on the uptake….

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