Controlling Expense Fraud
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Transcript of Controlling Expense Fraud
C O L L A B O R AT I V E C O S T C O N T R O L
Controlling expense fraud
FRANK DAVIS, CHROME RIVER TECHNOLOGIES
ARGYLE CFO FORUM, CHICAGO – MARCH 31, 2016
Expense fraud is everywhere
Expense fraud is everywhere
Expense fraud is everywhere
Meanwhile, in London
How could you be exposed?
$5.00$17.04
$2.00$14.04
How can you prevent it?
Create a global travel and expense policy.Implement automate policy compliance rules.
Policies and compliance
Implement corporate cards and integrated travel booking tools.
Control and track spend
Mandate preapprovals, introduce audits and segregation of duties.
Remove temptation
Prevent fraudulent expense submission and identify potential issues through business rules and analytics.
Leverage technology
Ensure team members are aware of (and understand) policies. Help them to stay compliant.Education and awareness
Education and awareness
Stay in touch
info.chromeriver.com/blog
linkedin.com/company/chromeriver
twitter.com/chromeriver
facebook.com/chromeriver
youtube.com/chromeriver
C O L L A B O R AT I V E C O S T C O N T R O L
Controlling expense fraud
FRANK DAVIS, CHROME RIVER TECHNOLOGIES
ARGYLE CFO FORUM, CHICAGO – MARCH 31, 2016