Machine learning: The new way to combat expenses fraud?

Consider the following expenses claims: registration fees for a cancelled seminar, two separate claims for mileage when the employees travelled together, and a sandwich-and-coffee dinner claimed as the full per diem. While it’s easy to believe that a few dishonest claims won’t hurt, for individual victims, expenses fraud can be costly. Research conducted by the National Fraud Authority suggests that exaggerated expenses claims cost the British economy around £100 million annually; the private sector alone lost £80 million in 2013. Imagine if 20 per cent of your staff added 10 per cent to each mileage claim; the cumulative loss for the company would quickly become significant. Existing fraud detection systems flag dubious-looking expenses according to a set of rules, such as challenging claims in excess of a fixed cash amount…


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