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, this form of 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.