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 »
In a previous article, Setting Goals for a More Successful Card Program, we discussed the importance of defining goals for your card program by applying the attributes of the SMART acronym, which stands for: But now that you have goals set for your card program, what are you doing to actually achieve them? What good are goals
Four Important Steps to Achieving Your Card Program Goals Read More »
In the last few years, the travel industry has seen an influx of innovations — all of which rely on the newest trends in technology. These trends are changing the way people plan their travel, how they travel, and their overall traveling experiences. If you work for an organization that involves a great deal of travel and
How Tech Innovations in Travel Can Trip Up Your P-Card Program Read More »
If your company has benefited from your P-Card program, you aren’t alone. According to the Institute of Commercial Payments (IOCP), switching from a traditional means of handling expenses to a P-Card system can mean efficiency savings that range from 55 percent to 80 percent of the traditional process cost.
Outsourcing Your Way to P-Card Program Growth Read More »
