MENLO PARK, Calif., June 20, 2019 /PRNewswire/ -- Finance departments continually develop rigorous expense reporting guidelines, but that hasn't stemmed the flow of eyebrow-raising requests by some employees, new research suggests. In a Robert Half Management Resources survey, 56% of CFOs cited an increase in the number of inappropriate reimbursement submissions over the last three years. Some of the more egregious infractions included a cow, Super Bowl tickets and invoices for another company.
CFOs were asked, "Have you seen inappropriate expense report requests increase or decrease in the past three years?" Their responses:
CFOs shared additional examples of audacious expense report requests:
Expenditures for children and pets, like the following, were commonly flagged:
Household items and expenses were also popular reimbursement submissions:
There were even a few requests that verged on the incredulous:
View the Spare No Expense infographic for additional examples and insights into expense-reporting trends.
"Some of the more absurd expense report submissions may seem laughable, but they can be an expensive problem for businesses," said Tim Hird, an executive vice president with Robert Half. "Companies must have effective review systems, policies and processes in place, or they risk losses in profits and employee productivity."
Additional research also found most companies utilize technology-based solutions in their expense-reporting process: 44% use internally developed software and 41% employ third-party systems. Overall, only 14% of organizations use manual processes, though this jumps to 31% for firms with 20 to 49 employees.
Hird added that implementing new technology can help streamline the expense-reporting process, but communication to staff is essential. "Do everything possible to make sure there is no ambiguity among employees about what constitutes a valid business expense. Regularly share your policies and include examples of past tricky situations to clarify gray areas."
Robert Half Management Resources offers managers three ways to address and reduce inappropriate expense report submissions:
About the Research
The online surveys were developed by Robert Half Management Resources and conducted by an independent research firm. They are based on responses from more than 1,000 CFOs at U.S. companies with 20 or more employees.
About Robert Half Management Resources
Robert Half Management Resources is the premier provider of senior-level finance, accounting and business systems professionals for companies' project and interim staffing needs. Customizing its approach for each organization, Robert Half Management Resources can provide a single consultant, a financial team or full-service consulting, delivered through Protiviti, a Robert Half subsidiary. With more than 135 locations worldwide, Robert Half Management Resources works with companies of all sizes, including more than half of the top 100 companies from the FORTUNE 500®. For more information, visit roberthalf.com/management-resources.
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SOURCE Robert Half Management Resources