Callum Borchers

speaker

1,301 appearances 20 recordings 1 series first heard Jun 2022 last heard Jan 2025

Callum Borchers’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Expense-Report Fraud Appears to Be on the Rise · 21 Nov 2024 podcast

I'd say one thing is to just pay attention to what the spending limits are. matched

We're talking about cases of intentional fraud, which absolutely exists. matched

But SAP's Concur software finds that about 15% of all submitted expenses are non-compliant with company policies. matched

That's quite a lot. matched

And they say most of those are honest mistakes. matched

So it could be a typo, right? matched

The example of a fat finger, it was a $30 lunch and you hit an extra zero and it was $300. matched

And that wasn't really what you meant. matched

So that can happen. matched

But also... matched

The cost of eating out is really high right now. matched

You know, if your company has a relatively modest cap on how much you can spend on any given business meal, you could, by an honest mistake, genuinely go over that if you're not careful. matched

Look, generally, I would say honesty is the best policy there. matched

If you bought Christmas gifts with your company credit card, I imagine that if you fess up, you might still get canned. matched

That's a pretty serious offense. matched

But I think there are other ones that are a little bit more innocent. matched

It really depends on the relationship you have with your manager. matched

I mean, look, if 15% of expenses that are submitted are not compliant, 15% of employees are not getting fired. matched

There is an understanding that people do make mistakes, whether they booked the hotel room that was over the company budget or whatever it is. matched

I think in those kinds of cases, it's probably going to be more of a wag of the finger and a stern talking to and don't do it again next time. matched

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