"Employees often cheat their firm of only a small amount, but such cases are common"

A fractional or as it is also called, an outsourced CFO (CFO) is a person with CFO experience who assists organizations with their financial tasks on a part-time basis, either on a fee basis or usually on a contract basis. This is different from an interim CFO, who is usually hired full-time for a period of time to fill the gap until the position is hired on a fixed basis.

Historically HR and finance have not been the best of friends mainly due to a perception that one cares about people and the other about money. Still today in many organizations, human resources and finance are two distinct business areas and sometimes with nothing related to each other.

When it comes to travel management, there are two main options: using multiple vendors or using a single vendor. Both have their pros and cons, so how do you decide which is the best option for your business? In this blog post, we'll discuss how using one singular vendor can help to streamline your expense management and travel bookings while also reducing the risk of expense fraud.