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Posts about Compliance, Fraud & VAT

Evaluating Expense Fraud in Singapore: How It Costs More Than Just Money

Expense fraud remains a pressing problem for companies globally, especially with the economic downturn brought about by the COVID-19 pandemic. With an estimated 13.2% contraction of the economy in the latter half of 2020, the onset of the pandemic has brought about Singapore’s worst economic recession to date.¹ Expense fraud further contributes to significant economic losses for companies that fail to detect it, making it more crucial now than ever to tackle this challenge.

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Expense reports and VAT: how to optimise your business cash flow?

Reclaiming VAT on expense reports is a major issue for companies. Expense report management software is a powerful optimisation tool available to companies. The configuration should also be adapted to the company, however, otherwise the technology will not deliver its full potential. Claudia Marie-Huet, VAT manager at Ayming, explains the importance of expense report management software and configuring them to optimise VAT recovery. 

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