Learn the best ways to manage your expenses | Compliance, Fraud & VAT

Posts about Compliance, Fraud & VAT

5 Signs That Expense Claim Fraud Might Be Occurring In Your Enterprise

You may not know, but organizations around the world lose approximately 5% of their revenue to employee fraud and occupational abuse each year. And while the scope of employee theft and position abuse cannot be understated, it’s important to act right at the core of this issue. That’s the only way to prevent occupational theft in the future. But how to recognise the fraud in your enterprise? Here are 5 signs that can help you with it! 

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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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