FBI investigates Amex FX pricing, SAP scales ERP tech for the mid-market and OnTheClock talks employee time-tracking fraud
| | | | BUSINESS TO BUSINESS EDITION | | IBM, SWIFT Cap X-Border Payments Initiatives Blockchain, cross-border payments and beyond held the focus of IBM, and others, this past week. SWIFT grabbed some headlines, too â and not simply due to the controversy that still swirls around a separate, Europe-focused payment system. |
| Soldo Eyes The Time-Wasting Strategies Of Expense Management A new report from Soldo on the spend habits of U.K. businesses not only finds companies are taking too much time to make purchases â (as long as eight hours, in some cases), but finance execs are being forced into detective work to find out who spent how much on what. The result? Giving up and leaving a portion of company spend unreconciled and unidentified. |
| | Payroll | | Tackling Payroll Fraud Begins With The Timecard, Says OnTheClock Payroll fraud and errors can cost a business in more ways than just an inflated paycheck. Issues of non-compliance and employee turnover heighten the pressure for accurate payroll. Dean Mathews, founder of OnTheClock, says this friction is often the result of relying on employees to track their own hours. He explores the technologies that mitigate the risks of inaccurate timecards, including API integrations into payroll platforms and geofencing to ensure employees are where they need to be. |
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