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Compliance

How negligent T&E policy compliance cost Novartis $25 million

Pharma giant Novartis AG agreed in 2016 to pay $25 million to settle charges that it violated the FCPA. The settlement represented the failure of compliance of the T&E policies and how these transactions were used to bribe healthcare providers.

Posted by Indrajit Palit | Jun 12, 2020

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Compliance

New DOJ regulations are promoting technological change in compliance

The latest update of DOJ’s Evaluation of Corporate Compliance Program guidance has pushed the envelope for automation of compliance software.

Posted by Indrajit Palit | Jun 09, 2020

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Compliance

5 most important issues highlighted DOJ’s Revised Compliance Program Guidance

The Department of Justice recently published a new version of its guidance on how it evaluates compliance programs when making corporate charging decisions. Here are the top 5 highlights from the guidance.

Posted by Indrajit Palit | Jun 05, 2020

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Business

5 new trends in employee spend post COVID-19

Governments all over the world have implemented strict lockdown measures to contain the spread of COVID-19, but it has resulted in unwarranted consequences in the world of employee spend management and transaction monitoring.

Posted by Indrajit Palit | Mar 09, 2020

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Compliance

The new corporate compliance program at Airbus

Here are some of the key points of the program that Airbus would be required to adhere to after entering in a $4 billion global settlement of bribery-related charges with U.S., French, and UK prosecutors - the biggest ever FCPA enforcement.

Posted by Indrajit Palit | Feb 10, 2020

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Fraud

4 types of expenses that get past human auditors

Expense fraud is one of the most pervasive types of fraud in an organization. According to the Association of Certified Fraud Examiners (ACFE), 13.8 percent of fraud schemes involve expenses. The median loss for organizations is $30,000.

Posted by Indrajit Palit | Nov 21, 2019

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Fraud

The problem of Duplicate Expenses

Double-dipping and duplicate expenses keep on adding over the lifetime of the business. It is estimated that duplicate expenses can range from 1%-5% of the total spend of the company.

Posted by Indrajit Palit | Nov 07, 2019

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Business

Why visibility into business expenses is important

Visibility into business expenses is critically important for a business to gauge risk and get comparable benchmarks to fine-tune their business policies. Here's how our AI-powered solutions can help.

Posted by Indrajit Palit | Oct 24, 2019

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