Comment Transparency and verification (Score 1) 65
Easiest solution is to issue employees a corporate credit card that they are responsible for. All reimbursable expenses have to be correlated against the copy of the statement issued by the credit card company to the corporation.
But what about cash expenses, you ask? Issue a per-diem for travel, and a periodic "here's your budget for IT refresh, whatever you don't spend, you get to keep."
My question is, what kind of receipt fraud are we looking at? Invented expenses that they're using to defraud the company, or real expenses that normally wouldn't be reimbursed that they're disguising as reimbursable ones?
Also, wouldn't invoice fraud be a bigger threat? Fake suppliers sending you real looking invoices in the same of actual suppliers, but with the bank details modified to point to the scammer's accounts instead? Instead of hundreds of dollars in fraud perpetrated by dozens, maybe hundreds of insiders (employees), you get tens, if not hundreds of thousands dollars of fraud perpetrated by outsiders trying to pretend that they're trusted suppliers. Or worse... an insider at your supplier deciding to doctor the outgoing invoice so they can skim money off the top...