Maintaining Compliance in Your Finance Software

INDUSTRY

Using expense reporting software provides a way for the business to monitor and track expenditure. However, to be most efficient, the software must include certain features and without these, the software risks violating the compliance procedures in place. Most importantly, assigning different roles to different users, making sure the visibility of data can be managed…

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The Future of Fraud-Busting

INDUSTRY

Humans are historically bad at detecting fraud and our accuracy is only marginally better than chance. This is largely to blame on human nature, on intuition. With the development of technology comes new fraud scams. However, technology can also be put to work to fight fraud. This can include receiving notifications from your mobile phone,…

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Tesco knowingly delayed payments to suppliers

INDUSTRY

An investigation by the Grocery Code Adjudicator has found Tesco guilty of delaying payments to suppliers to meet set targets and profit margins. This placed pressure on Tesco’s suppliers to undertake the admin tasks associated with recovering late payments and distracted from sourcing new business. Such actions threatened the existence of smaller suppliers. Read the…

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