P-Cards, or purchasing cards, are a great way for organizations to streamline their purchasing processes. However, P-Cards can also be a source of fraud and abuse if they are not properly managed. This is why it’s important to have strong procedures in place for your P-Card. In this blog post, we’ll share some best practices
9 Best Practices to Make the Most of Your P-Card Auditing Read More »
Business travel may not be booming like it was pre-pandemic. However, it’s still a necessary requirement to promote growth, build partnerships and improve communication while supporting the exchange of innovative ideas. While increasing travel prices are a growing concern for Travel (T&E) managers, sustainability priorities are another area to consider maintaining as well. Thus, the
Integrating Sustainable Travel Solutions For Your Card Program Read More »
Finance Managers and Card Program Directors at Higher Education institutions have a considerable task ahead of them when it comes to reducing purchasing card or P-Card fraud and misuse. Using outdated methods such as manual reviews and examining a sampling of expense data may even hinder results over time. Instead, prioritizing proven internal controls such
How to Decrease Fraud With P-Card Policy Ethics and Machine Learning Read More »
Sustainability is a growing social movement with a noble cause. Prioritizing the environment and society as a whole to ensure that resources are available for the future is something procurement departments can do well. Sustainable procurement can start with a policy or certain processes to implement consistently over time. The result is an organization that
3 Steps to a More Sustainable Procurement Policy Read More »
For any organization that issues commercial cards, cardholder training is a must to help ensure compliance and reduce fraud and misuse. Whether you have a P-Card program, or issue Travel or Fleet Cards, here are some of the best practices for effective training to help set the tone for employees, as well as approvers and
Cardholder Training – 8 Best Practices to Start Using Right Now Read More »
With every growing and active card program, potential employee fraud instances, unfortunately, come with the territory. Whether someone is knowingly or unknowingly using their P-Card or T&E card to commit fraud, it’s still a very serious problem within any organization. The best way to combat common expense fraud is to know what you’re looking for
Step By Step Guide to Reducing These Common Expense Fraud Tactics Read More »
