Just 10% Of Employees Account For Almost All T&E Fraud, Report Finds

by Cheryl Rosen


Nine out of 10 employees never are tempted to cheat on their expense reports. It’s the other 10% you have to watch out for, says a new study.

“It’s consistently only 10% of travelers in any given organization generating nearly all instances of high-risk activity,” says Oversight Systems, an expense analysis company, in the latest Spend Analysis Report released this month. The report analyzed $11.1B in total spend from 50 million corporate-card transactions and 98 million expense-report transactions by nearly 600,000 travelers.

Spending on global business travel is on the rise, expected to reach $1.6 trillion by 2020, the report says; among its customers, “companies with a robust monitoring program saw a 9-percentage-point improvement in spend in high-risk categories, as compared to the average.”

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Offline Places to Find Luxury Travelers

1. Local schools.

2. Professional services.

3. Local luxury retailers.

4. Arts community.

5. Luxury establishments.

Source: TMR

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