Transcription of T&E Spend Analysis Report - Compliance Week
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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.
analyzed for this report 6% of transactions, representing 5% in transaction value, were out-of-compliance with company policy. For an organization with an average of $10 million in travel spend, this
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