How to Tech is Saving Businesses Millions in Bogus Employee Expenses such as £1,500 ‘Client Gift’ Given to Family Member & £800 Haiirdresser for Christmas Party Prep

Global expenses app, ExpenseOnDemand, has published some of extraordinary festive employee expense claims and how the leading automated tech solution has flagged these to employers during this busy period and saved businesses thousands every year. The report showed a multitude of festive entertainment expenses including a £1,500 gift for a ‘client’ that was given to a family member and £800 for a hairdresser before a Christmas party.

The report went on to show how a multi-national firm’s entertainment expenses claims totalled over £2m and by adding a client tracking solution this dropped by 50% within the next 12 months. Another bogus claim showed a travel claim from an employee entitled to 1st Class travel who exchanged the ticket for 4 economy class tickets for a festive family holiday.

According to a recent survey* businesses are losing over £2bn in employee expense fraud but cutting-edge tech is rapidly putting an end to this spending spree. Since the start of the pandemic the global expenses app has been updated to make it easier for the new working normal as offices stay closed, employees work from home and businesses are turning to technology for simpler and automated solutions.

ExpenseOnDemand integrates and transfers data between Xero/Sage and QuickBooks ensuring the app remains a market leading solution for businesses around the globe and that it continues to work seamlessly while offering a secure and safe service for remote employees in multiple locations.

Sunil Nigam, Founder at ExpenseOnDemand, commented, “Employee claims has always been difficult to monitor and manage especially around the festive period when client and staff entertainment is always hard to monitor. Our cutting-edge tech is helping firms automate processes and easily authenticate claims often saving them thousands or even millions in costs every year.

ExpenseOnDemand will allow you to automate all your staff expenses and we pride ourselves on ensuring our tech is market-leading and our costs are not only completely transparent but also very competitive. We offer a 30 day free trial, with the option to “pay as you use” model, allowing our clients to have flexibility and reassurance that they aren’t tied into a long-term commitment.”