Valentine’s Day is already here… the day when love is celebrated around the world with the giving of sweet, romantic gifts. However, there’s not a whole lot to love about abuse within a company’s purchasing program. When a holiday like Valentine’s Day comes up, just as red hearts full of candy start to appear in
Valentine’s Day Brings Red Hearts… and Red Flags on Potential Fraud Read More »
National Procurement Month is celebrated throughout the month of March and is dedicated to honoring purchasing professionals. This is a great time to show your appreciation for the dedication of your procurement team and all the hard work they do throughout the year. There are several ways to prepare for National Procurement Month, but this
How to Show Your Appreciation During National Procurement Month Read More »
Find the best tips for today’s work environment to stomp out gift card schemes hidden in commercial credit cards.
Internal Controls to Outsmart Gift Card Schemes Read More »
There are a lot of reasons to review data obtained from the use of purchasing cards (also known as P-Cards). Most of those reasons revolve around catching fraud on the part of card users. But here’s another reason to consider: P-Card data reviews can also help your business keep tabs on your dealings with “preferred suppliers.” What’s
Using P-Card Reviews to Keep Tabs on Preferred Suppliers Read More »
In October, you may find yourself haunted by some of the scariest schemes you’ve ever seen; however, with a little detective work this Halloween you can help unmask fraudulent expenses in your organization. Internal fraud, also known as occupational fraud, refers to making false representations, withholding information, or abusing a position of trust, resulting in
3 Hidden, Internal Fraud Schemes and How to Flag Them Read More »
P-Cards (also known by other names like charge cards, purchasing cards, corporate cards, etc.) have become the norm for businesses of all sizes to streamline procurement and reduce costs. However, with this increase in usage comes the responsibility of regularly reviewing receipts to ensure compliance and accurate reporting. We’ve prepared seven best practices for tracking questionable
7 Best Practices for Tracking Questionable Receipts Read More »
