It’s a situation most of us have encountered at one point or another in our careers. Two departments work together towards the same goals, but they don’t have much communication or visibility into what the other is doing, and it creates unneeded difficulties for everyone. Marketing and sales. IT and operations. Purchasing and accounts payable. […]
Achieving Better Visibility Across Invoices and Purchasing Cards 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 »
P-Cards, or purchasing cards, are a great way for organizations to streamline their purchasing processes. However, P-Cards (really, any company-issued credit card, including travel 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
9 Best Practices to Make the Most of Your P-Card Auditing 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 Using outdated methods such as manual reviews and examining a sampling of expense data may even hinder results over time.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 »
