AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Are You Teaching Your Employees to Steal?
My Employees Wouldn't Embezzle: Yeah, Right.
Have you taught your employees to embezzle? Yes * No * "Yes" is the right answer.
Here's a typical situation: You have an employee working out of town for several weeks. One evening, she has dinner and returns to the hotel room. Flipping through the TV channels, she watches a movie. What's on the hotel bill when she checks out the next day? $5. For what? A pay-per-view movie. The employee submits her expense report for the week. The hotel bill is $500. What does your accounts payable clerk do? She crosses off the $5 movie charge and reimburses the employee $495 for the hotel bill. Why? Because movies are a personal expense and against company policy.
What does the traveling employee do on the following week's expense report? Records a fake charge--for how much? Not $5. Maybe $15, $20, or more (revenge--the employee is mad) for a taxi, meal, or any expense under the maximum that doesn't require a receipt. What's the employee thinking? "I'm out here working my butt off--10 or 12 hours a day. I'm earning this company three times my salary of $65,000. I'm missing my kids' soccer games and parent-teacher meetings. And some $12-an-hour A/P clerk dings me for five bucks? She's home sleeping in her own bed, giving her kids hugs and good-night kisses."
What did you do in that two-week period? You taught the employee that in order to be treated fairly, she has to cheat--to embezzle. The following week's expense report complied with the company policy, but the policy "drives" employees to behave in a manner you don't want. Not only does the employee resent the way she was treated, but her productivity drops while she's plotting how to get repaid. Result: Your loss is much greater than $5. But since lost productivity isn't explicitly measurable, you don't even know it.
WHAT ARE EXPENSE REPORTS?
How would you like to get rid of an entire process on which you spend a ton of time but doesn't earn the company a dime and also causes other employees to call you "bean counters"?
- Extensity Announces 90-Day Implementation Guarantee For Extensity Expense...
- Press release article from: PR Newswire June 30, 1998 700+ words
...Java(TM), Extensity Expense Reports offers robust operational...applications, Extensity Expense Reports is designed to give customers...corporations, Extensity Expense Reports automates expense report creation, approval, audit...
- Geac Signs Agreement with ImageTag To Resell KwikTag Digital Filing; KwikTag's...
- Press release article from: PR Newswire March 10, 2004 700+ words
...KwikTag integrated into Geac Expense Reports to "paper-enable" and...KwikTag provides Geac Expense Report users with the flexibility...copiers. With KwikTag, Geac Expense Reports reduces expense report preparation and submission...
- Extensity Ships First Java Expense Report Management Enterprise Application
- Press release article from: PR Newswire April 6, 1998 700+ words
...Extensity(TM) Expense Reports, the first...application for expense report management...improvements through expense report automation. Extensity Expense Reports is the first...the travel expense report generation...Extensity Expense Reports ...
- Nexonia Announces iPhone Expense Report Application for Business Travelers.
- News wire article from: PRWeb June 1, 2009 700+ words
...announced its personal expense report application, Expense Reports for iPhone, is...to the personal Expense Reports for iPhone, Nexonia...based timesheet, expense report and customer service...Nexonia's Expense Reports for iPhone is...
- ASA Legal Systems Announces Expense Report Module.
- Press release article from: PR Newswire August 16, 2000 700+ words
...file an electronic expense report for direct input...reimbursable all on the same expense report. This eliminates...keying of traditional expense reports, reduces mistakes...accounting backup. The Expense Report module will be incorporated...
- Kimberly-Clark Selects Extensity Expense Reports.
- Press release article from: PR Newswire May 4, 2001 700+ words
...deploy Extensity Expense Reports to 11,000 users...efficiencies. Extensity Expense Reports is one application...The company's expense report process will now...We chose Extensity Expense Reports over other options...
- NeatReceipts Solves Expense Report Nightmare; Digitized Solution Compatible...
- Press release article from: PR Newswire April 6, 2005 700+ words
...PRNewswire/ -- Expense reports are among the...80 percent per expense report, increase employee...paperwork! "It turns expense report blues into expense report bliss," says...reformed loather of expense reports. Best yet, it...
- Portable Software ships QuickXpense for Windows 95; revolutionizes expense...
- Press release article from: Business Wire September 25, 1995 700+ words
...overwhelming customer demand for expense report "pre-population," the ability...charge card transaction data in expense reports. XpenseLink allows GE Capital...entry. QuickXpense, the only expense report manager designed for Windows 95...
