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By comparing these records, businesses can identify any discrepancies, such as missing or duplicate transactions, incorrect or false amounts, or any unauthorised expenses and transactions. This process is essential for maintaining financial accuracy, compliance with regulations, and preventingfraud or errors.
Complex approval workflows, duplicate alerts and fraud detection Payment and reconciliation that works like magic. Fyle Fyle is an intelligent expense management solution that automates expense tracking, reporting, and policy enforcement. Flow demo Top features: All your expense data in one place.
FraudPrevention – Better Safe than Sorry : Without a robust expense management system, your business is like a house with the doors unlocked. However, as the company grew, the CFO, Alex Morgan, noticed several issues: Duplicate Claims: Employees occasionally submitted the same expense twice due to lack of proper tracking.
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