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.”

  0
  0
Tip of the Day
Daily Top List

Best Cities For Digital Nomads

1. Chiang Mai, Thailand

2. Puerto Viejo, Costa Rica

3. Miami, United States

4. Florianópolis, Brazil

5. Budapest, Hungary

Source: BBC

TMR Recommendations
Top Stories
Headquarters Happenings: Travel Leaders Network Leverages Its Size To Roll Out New Programs
Headquarters Happenings: Travel Leaders Network Leverages Its Size To Roll Out New Programs

A new interactive consumer website, beefed up corporate travel training programs and a new social media drive were among initiatives in the spotlight at the first Travel Leaders Network annual conference.

7 Ways to Build Strong Supplier Relations
7 Ways to Build Strong Supplier Relations

How can travel agents earn the support—and marketing dollars—of suppliers? In Part 2 of a series on agent-supplier relations, suppliers identify the qualities they value most in their agent partners.

Luxury Travel Continues To Soar
Luxury Travel Continues To Soar

Longer stays and more exotic locales are driving a rise in luxury travel sales.

‘Superhuman Travel Agents’ Will Blend Human And Tech Touches
‘Superhuman Travel Agents’ Will Blend Human And Tech Touches

Technology will complement real humans in the agency of the future, but nothing can replace them, say travel industry executives.

Luxury Retreats Says Travel Agents Critical To Sales Despite Purchase By Airbnb
Luxury Retreats Says Travel Agents Critical To Sales Despite Purchase By Airbnb

Even after being purchased by Airbnb in February, Luxury Retreats will continue its pursuit of agent sales.

Bill Introduced To Remove Travel Agents From DOL Blacklist
Bill Introduced To Remove Travel Agents From DOL Blacklist

Florida congressman’s bill would help agencies control payroll costs.

News Briefs
Advertiser's Voice
Advertiser's Voice: Melia Pro