T&E Spend Analysis Report - Compliance Week

Volume 1 T&E Spend Analysis ReportVolume 1 Fall 2014 For this Report Oversight analyzed over 10 million transactions, a total of over $1 billion dollars in expenses. Even though overall fraud exceptions are low (only about 1% of the total expenses analyzed for this Report ), we found that 82% of fraudulent activity was made by only a handful of employees (5%.)Spending for items that are arranged through travel management companies (TMC), such as airfare, lodging, and automobile rentals rarely involve non-compliant behavior. Still, most organizations have T&E purchases that occur outside of TMC bookings: out-of-pocket expenses, travel emergencies and other items that go on corporate travel cards. Purchases outside of airfare, lodging, and automobile rentals are the least controlled expenses and represent a grey area where advanced Analysis can identify opportunities to improve control of the travel and non-compliant spending costs organizations hundreds of thousands of dollars each year.

in uncovering possible misuse, fraud, and compliance violations. With the software, customers address operational data analysis requirements and leverage analytics to change employee corporate spending

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