What is Expense Fraud and how does it happen?

An enterprise cannot achieve profitable growth only by increasing revenue consistently. In addition to driving revenue growth, every business must focus on fixing revenue leakages. One of the primary reasons for revenue leakage is expense fraud. According to a survey conducted by Chrome River, employers in the USA lose $ 2.8 billion every year due to expense fraud. Hence, organizations can fix revenue leakages by preventing various types of expense fraud committed by employees proactively.