Payroll fraud occurs in 27% of all businesses around the world and poses an increasingly significant threat to businesses and local governments in Africa. In South Africa alone, payroll fraud costs companies more than cash-in-transit heists.
Modern technology and cloud payroll software can help combat payroll schemes by improving transparency and efficiency in the workplace. However, are cloud-based technologies a feasible solution to roll-out across the continent when digital infrastructure is still lacking in some countries? We took a closer look at the problem of payroll fraud in Africa and found a solution.