Life after Prison: Remember Tyco’s ‘Piggy?’

by Stephen White

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In his heyday, you may remember L. Dennis Kozlowski as “Deal-a-Day Dennis,” one of the highest-paid CEOs in the country who helped build the New England manufacturing firm of Tyco into a multinational giant. That was before his conviction. 

expenses

Want to Know How to Book Flights a Fraud-Proof Way?

by Jim Whitmore

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Although you may not see an online “Pay by Bitcoin” button as a choice when booking your next flight, a number of airlines will have the option of accepting the digital currency from travelers. The Economist reports the Universal Air Travel Plan, an airline payment network commonly known as UATP, has joined the Bitcoin processing platform of Bitnet. 

expenses

Loyalty Perks vs. Corporate Policy: What Would You Do?

by Serge Merkin

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When hotel chains and corporate traveler buyers see eye-to-eye, the results can be very, very good. But when they don’t, the results can be very, very bad. A case in point came from Marriott, which promised free Wi-Fi to its reward members – provided the members booked direct with the hotel through the hotel’s website, thereby going around corporate policy. 

Tips on How to be a Sophisticated Woman Traveler

by Connie Moser

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Traveling across the globe can be a thrill – even when it’s done for business.  But it can also be challenging, particularly for the 40 percent of women who make up the global corporate traveler sector. USA Today outlines a handful of tips designed to help the sophisticated woman traveler conquer those challenges. 

business travel tips

Expense Fraud Isn't Beneath Anyone

by Dan Humbert

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Expense fraud in itself is bad enough. It’s even worse when it’s done to a rural Canadian school district with limited funds. And it gets worse still when the perpetrator is a board superintendent of the school district, a person who holds the “highest position of trust.” 

expense fraud

Telepresencing - Is Business Travel Going Virtual?

by Carrie Hayward

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Meeting with business partners and colleagues across the globe is vital for business. But how you go about it is rapidly changing. Innovation management researcher Paul Levy predicts physical business travel may be on its way out, replaced by virtual business travel that lets you meet, greet and collaborate without the need to leave your office. 

Trends

Insights from PayStream Advisors’ 2015 Travel & Expense Management Report

by Stephanie Dula

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Employee travel spend has skyrocketed in recent years as organizations of all sizes develop new global trade relationships. But according to PayStream Advisors’ 2015 Travel & Expense Management report, a surprising number of organizations still depend on a mostly manual expense reporting process.

Expense Fraud Whopper: Nearly $190K Reportedly Went to …

by Dan Humbert

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A mistress! A UK worker who used his expense-fraud gains to shower his Argentine mistress with presents will now be showering with other inmates as he serves out his two-year jail sentence. Phillip Tamplin, 53, had been an employee of the British telecommunications company of BT Openreach since he was 16. The Telegraph reports over the last two and one-half years of his employment there, he submitted more than 100 false expense reports to the tune of nearly $190,000. 

expense fraud

Bribes, Speed Money, Extortion, Expense Reporting Fraud

by Brian Deleon

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Bribery and fraud are not words you want associated with your company, but avoiding them may not be as straightforward as you think. Corruption doesn’t always come barreling in like a freight train. It can slither in like a snake, striking when you least expect it and are least prepared to handle it. A recent piece in McKinsey Quarterly examines the most common types of corruption companies can face in the global marketplace along with actions they can take to keep it at bay. 

expense reporting

Oops! Lack of Compliance Oversight May Have Cost San Diego Big

by Frank Davis

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You know that old joke about the left hand not knowing what the right hand is doing? Well, no one was laughing when that very phenomenon occurred with San Diego’s municipal purchasing, according to the Times of San Diego, leaving the door open for loads of potential fraud. 

expense compliance policies

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