Common Sense on Expenses

The pressing need for greater scrutiny and control

A recent study, by Advanced Business Solutions, of UK businesses found that that over two thirds of organisations polled have started to look at enforcing their staff expenses policy more stringently in response to the current economic challenges.

This closer scrutiny comes not a moment too soon. A 2010 survey by Aspire Management Services estimated that almost a quarter of expenses paid by companies to their employees were for fraudulent or ‘out-of-policy’ claims. Over £8.8 billion was reimbursed to staff in the UK for expenses incurred during 2009. The research estimates that at least £2.1 billion of this should not have been paid.

These figures are especially shocking given that they emerge at a time when organisations are making tough decisions affecting their workforce. This indicates that many employers have so far failed to reduce the number and value of expense claims made by staff during the most severe recession for over thirty years.

This new whitepaper looks at five aspects of expense control that can help to contain your costs, without increasing the administration burden.

Continue reading the Common Sense on Expenses whitepaper