12 December 2022, etc.venues Monument, London
Business Travel Show Europe, presented by The BTN
21 November, London Hilton Metropole
The majority of fraudulent activity on travel and expense reports are committed by just five per cent of employees, a report has found.
The report, which highlights many “bad behaviours” from employees regarding travel programmes, such as fraud, waste and misuse, showed that one in 10 had multiple policy violations on their expense reports.
The study from Oversight Systems, a provider of T&E report technology, showed that travel buyers’ purchases outside of airfare, hotels and car rentals are the hardest to control. And 20 per cent of travellers have at least one purchase on their expense report non-compliant with company policy, with 10 per cent admitting to at least one duplicate expense on their report.
“Many of our clients were surprised by the results of their own analysis,” said Oversight CEO Patrick Taylor .
“While the report reveals that fraud is not a rampant problem, there are still significant cost savings for those who address potential bad behaviours lurking in their own spending programs.”
The Spend Analysis Report, surveyed 160,000 travellers and used a compilation of data from 37 million transactions and more than $1 billion in spend from clients who use Oversight Insights On Demand to identify non-compliant spending.