Fraudulent and non-compliant activity can cost organizations with an average of $10 million in travel spend roughly $500,000 in annual out-of-policy spending. That’s a lot of zeros.
But what employee habits and behaviors are contributing to such significant costs?
Oversight analyzed more than 10 million transactions totaling over $1 billion dollars in expenses to highlight the typical behavior patterns seen within travel programs. The result is our Spend Analysis Report Vol. 1.
We discovered that 6% of T&E transactions are potential violations to policy. Download this report for more stats and the latest insights into fraud and misuse in T&E programs. You’ll discover: