Verifying duplicate payments can be very eye-opening. Duplicate payments can wreak havoc on your organization’s finances whether its due to: Verifying duplicate payments is essential for any business handling a lot of transactions per month. Hiring a third party to help review your payments can consolidate several manual tasks while properly categorizing siloed data to
Does your organization support supplier diversity in your supply chain? Find out how to boost your supplier diversity efforts with Card Integrity’s expense monitoring.
Managing expense data can mean more than handling invoices. For larger organizations, expenses can also include managing card programs for travel or office supplies. The amount of data coming in can become overwhelming. Especially if resources are tight and you’re dealing with staff shortages or budget constraints. When data is siloed among departments, it becomes
Reviewing expenses manually is a common way for organizations to review purchasing and travel card spend. While manual review procedures are not without flaws or risks, they can still be done efficiently with the right strategic methods. Has the spend within your organization increased this past year? Or do you feel like you’re often running
For all the convenience and security that corporate credit cards offer, there are still some apparent risks regarding expense control strategies aimed at managing expenses in a card program. Performing a regular expense review is one of the best steps to take to improve spend visibility and manage costs. However, successfully and consistently completing an
No matter the size of the organization, spend visibility is important. In healthcare, necessary spending adds up and leads to card program growth. This makes it even more important to gain clear insight into where money is going and how this impacts larger goals. Spend visibility in healthcare as with most industries is defined as