For many of us, 10 years is a long period of time. It’s a long time to be in a relationship, live in one apartment, or answer to a single employer. 10 years can create a sense of entitlement and complacence, which is very much what was running through my mind when I read Fairfax Media’s recent article on Kambala girls’ school’s significant credit card defrauding. Ian MacCulloch, the school’s former business manager, was recently found guilty of spending in excess of $364,000 on 6 Westpac Visa
For most businesses, expenses form a significant cost. And while most organisations now see the benefit in a Travel and Expense Management solution in reducing costs and increasing efficiency, many leave it at that. Likewise, the power of data analytics has become a part of everyday life in most organisations, yet most organisations have yet to put the two together and harness the true value of a Travel and Expense Management solution. Here are the top 5 things that organisations who don’t utilise corporate card
In the current corporate environment, large companies are always looking for new ways to save every dollar possible. A company that I visited a couple of months ago, let’s call them Dreyware Corp, were all about saving every dollar, but it came to the point where they were removing the free newspapers and fresh fruit from the lunchrooms. While it did reduce costs slightly, it was at the expense of employee morale. There was, however, low hanging fruit in the purchase cards! Dreyware’s Expense Policy was very grey,
Fraud Can Happen to You! It’s true. The fact is that fraud could happen to anyone of us. Though there are some common traits for individuals who commit fraud, it’s normally not a crime linked to a specific type of person. Fraud is a crime that can be committed by different people in varying circumstances. Whether in a personal or corporate setting, it’s difficult to eliminate fraud completely. If you’ve experienced fraud before, you’ll know how much inconvenience it causes for both the business and individuals involved.
Take a closer look at Expense8
Expense8 is a simple and user friendly Travel & Expense Management solution. Our solution helps organisations improve efficiency and productivity of their expense reconciliation process. Expense8 creates a more efficient workflow that frees up your employees and saves your organisation money on the bottom line.
Level 4, 15 Moore Street, Canberra 2601, Australia
+61 2 5119 9790
info@expense8.com
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