Did you know that behind payroll, T&E is your company’s largest discretionary expense?
Travel and entertainment spending can represent as much as 6% of all corporate expenses in businesses today, and that percentage is growing! In today’s business environments, it’s important to make every budget dollar count, but with the large volume of transactions and growing globalization of business, it can be difficult to monitor expenditures in a timely and effective way. This leads to policy abuse, fraud and unforeseen T&E waste.
COLUMBUS, GA – April 7, 2014 – TSYS (NYSE: TSS) announced today an agreement with Oversight Systems to provide an automated monitoring and analysis solution to help corporate purchasing professionals detect and eliminate fraud, policy misuse, and waste within their card programs.