Fraud occurs every day
on expense reports around the world
Welcome to The River!
Expense fraud can start with fudging the taxi receipt. It can grow to writing in a larger tip amount than what was actually left on the table. It can snowball into falsifying receipts. Maybe it’s just starts small because “nobody will notice.” Perhaps one disgruntled employee can start chipping away at their frustration by getting the company back one expense report at a time. Or maybe a pair of executives can devise a more elaborate plan.
How can you stop expense fraud from happening in the first place? This executive whitepaper outlines 10 safeguards you can implement today.
For example, the paper recommends:
- using a corporate card program so that expense reports and statements can be reconciled
- integrating your online booking tool with your expense report platform - this way itineraries and fares become transparent
- use an automatic duplicate expense checker to make sure two individuals don't expense the same lunch
So many occasions of expense fraud can be entirely avoided and caught early by implementing a Travel and Expense Management solution. Not only does the system communicate and enforce your travel and expense policies, but it also helps enforce them with built-in security features. This helps eliminate much of the manual work your AP team is doing at the end of the month and quarter so they can focus on more strategic initiatives.
Download the whitepaper using the form to the right and see if the findings match up with your organization's concerns about expense fraud. And when you're ready to learn more, we're here to help. There's only one thing to say with Chrome River on your side - Take me to The River!
Chrome River provides expense and invoice automation solutions that let business flow for more than 1,000 organizations worldwide. The company’s easy-to-use, enterprise-scale solutions enable future-readiness for its customers. As a result of this focus on innovation, Chrome River is rated as a Leader in expense management by analyst firm IDC. Chrome River’s commitment to delivering a superior customer journey by creating long-term value for its customers, makes it a preferred choice of CFOs, CIOs, AP teams, travel managers and business travelers. Details on Chrome River’s customers can be found on the company’s web site.
More than 2 million business travelers around the world trust Chrome River. To learn more, contact Chrome River at 888-781-0088, or visit chromeriver.com and its social pages on LinkedIn, Facebook, Twitter, and Instagram.
Our firm saved over 1 million dollars in travel expenditures [last year] as a result of implementing the Chrome River Expense Pre-Approval process.
It is taking us just one quarter of the time to manage the expense process as it used to.
Chrome River takes all the guess work out, forces the user to be crystal clear on where they put their money and allows us to effortlessly reimburse them.