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A company that specializes in expense management software, believes that expenses fraud costs each company tens of thousands of pounds a year. A company that specializes in expense management software, believes that expenses fraud costs each company tens of thousands of pounds a year.

30 September 2015

Certify believes that the average cost to companies of expenses fraud is more than £20,000. It believes that companies with less than 100 employees have a 28% higher average fraud loss than those with more than 100 employees. 

Closer monitoring can, according to Certify, lead to a 70% reduction in expenses fraud. 

Having advised many companies on fraud prevention, we can say clearly that any attempts to introduce a culture of compliance in a workplace will eradicate the potential for wrongdoing. But such attempts have to be carefully thought out and introduced after a detailed assessment of the potential for fraud. 


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