You chose to use purchasing cards (P-Cards) for your company’s expenditures, and it’s been the right choice. Now, you’d like to take full advantage of all that P-Cards can do for your business. You’re
Two Internal Controls That Managers Need to Communicate to Cardholders
Communication. It’s a simple word, and it’s a simple action, and yet the lack of it threatens a commercial card program’s success. Are you communicating to your employees what they need to
Be Proactive About Personal Spending This Holiday Season
The holidays are upon us, and during this time, it’s easy to get caught up in the hustle and bustle of the season. But that’s precisely why you need to be all the more vigilant and ready for the
What Does MCC Mean? And What Does It Mean for Your Card Program?
If you pay close attention to statements from your purchasing card (P-Card) banks and companies — as you should — you might have noticed a column with the heading “MCC,” followed by four-number
Program management challenges and success strategies while working from home
In the previous article of our work-from-home series, we focused on business expenses, reimbursements, and individual success. In this article, we focus on specific card program management and
Using Proper Visibility and Oversight to Avoid Overspending
In our article “Five Ways Your Company Might Be Overspending,” we introduced our five-part series on identifying and ending overspending. In this article, we go over the last of the five ways: Lacking
Building and improving vendor relationships to avoid overspending
In our article “Five Ways Your Company Might Be Overspending,” we introduced our five-part series on identifying and ending overspending. In this article of the series, we examine how your company can
Duplicate payments — what you don’t know can hurt your business
In our article “Six Ways Your Company Might Be Overspending,” we introduced our seven-part series on identifying and ending overspending. In this article of the series, we examine how a lack of
Spending money without approval — the maverick spender
In our article “Five Ways Your Company Might Be Overspending,” we introduced our five-part series on identifying and ending overspending. In this article of the series, we go over the second of the