We get it — it's impossible to stay on top of every expense management story. To keep you up to speed, we're recapping this week's top stories in our new series, “This Week in the Back Office.” Read on for the latest news, thoughts, and trends related to the back office that you can't afford to miss.
New Study Reveals the Biggest Pain Points in Expense Reporting
Feel like you spend your entire day dealing with expense reports? You're not alone. According to a study by Expense Reporting: Global Practices and Pain Points, an average of 3,000 hours and $500,000 are lost each year correcting expense reports. Check it out here.
Survey Finds Top Executives Most Likely to Commit Expense Report Fraud
A new study from the Association of Certified Fraud Examiners found those with the most access to their organization's assets are also the most likely to commit expense reimbursement fraud. Check it out here.
Small Businesses Easy Prey for Cyber Thieves
Cyber thieves have set their sights on small businesses, and are getting away with it according to JAVELIN'S 2016 Small Business Fraud Report. Find out what you can do to prevent your SMB from being targeted. Check it out here.
Michigan's Football Team Racks Up $2M Expense Tab
What's the true cost of victory? The University of Michigan football team's expense report from the 2015 Citrus Bowl reveals just how much universities are willing to pay. Check it out here.