Economy
11:02 14 April 2019
Post by: WBJ

SAS: Employees often overstate travel and business expenses

Over 43 percent of Polish companies experience fraud related to travel and business expenses, according to the new research conducted by the analytical company SAS. Employees overstate travel expenses or make private purchases. Other types of fraud, which domestic companies face, include falsification of tender offers (over 26 percent), double invoicing (20 percent) and fraud committed by employees using corporate credit cards (over 33 percent).

According to the SAS survey conducted in 16 EMEA countries, 37 percent of companies admitted that they were suffering losses due to employee abuse in connection with business travel. In Poland the rate is even higher, however, as many as 40 percent of respondents believe that the losses on this account are marginal. SAS also pointed out that 43.4 percent of companies still rely on manual control and outdated software.

SAS research took place in 16 EMEA countries. Respondents represented various industries, such as IT, engineering and construction, manufacturing, education, wholesale and retail trade.

(ISBnews)

sas
business expenses
fraud

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