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Mileage Fraud: Too Common But Easy To Address

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Keeping The Mobile Workforce In Motion Motus, LLC | Two Financial Center Boston, MA 02111 (888) 312-0788 www.motus.com Curtail Mileage Fraud With Dedicated Automation To get serious about reducing mileage fraud, companies should first get serious about expense reporting automation. Fortunately, some of that groundwork has happened already. A 2015 PayStream Advisors survey found that 91% of large corporations, and 62% of all companies, currently use some form of T&E automation. The same survey found a steady three-year growth trend toward increasing automation and reducing reliance on paper-bound expense reporting processes. " Modern solutions designed specifically for the needs of today's mobile workforce can provide return on investment within just a few months." However, not all T&E systems are created equal, or are up to the full challenges of modern business. A Forrester Research survey of global corporate financial decision-makers found that 69% believed their T&E tools are less sophisticated than those available for consumer expense management. That's why 73% told Forrester they are planning to take further action on their T&E systems within six months. Developing more sophisticated expense reporting capabilities, including support for automated fixed and variable rate reimbursements, is an important step. Modern solutions designed specifically for the needs of today's mobile workforce can provide return on investment within just a few months. Taking action to eliminate mileage fraud can significantly reduce risk, improve accuracy, and reduce delays in reimbursing your mobile employees.

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