When managing a card program, whether for domestic purchases or globally, more than likely your team has dealt with intensive receipt reviews. Although a time-consuming process when manually performed, receipts provide organizations with many critical compliance insights. In addition to providing proof for audits, receipts also identify compliance with internal policies and federal and state […]
9 Common Mistakes When Reviewing Receipts Read More »
As validating receipts for business purposes has become more crucial, attempts and techniques to circumvent it have become more common. The traditional, purely manual process is susceptible to overlooking or missing policy violations largely due to the repetitive nature of it. Having a person solely responsible for reviewing and validating receipts is not common: it
When Rubber Meets the Road: The Impact of Rubber Stamping on Receipt Validation 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 »
Program confidence is at stake when purchasing card fraud is left unchecked. Find three ways to get at the source of the problem before fraud has a chance to lessen the value of your card program.
Preventing Purchasing Card Fraud by Getting to Its Roots Read More »
Business travel in the United States has been volatile in recent years, exasperated by the pandemic. But by 2025, it has largely recovered and continues to strengthen. But, as we’ve seen significant volatility in the recent past, it is smart to get ahead of it if it happens again due to world events, economic pressures,
Maximize ROI for Travel Expenses Read More »
The months of May and June typically elicit good feelings on college campuses. Incoming freshmen start to plan their trips for orientation and campus visiting. College students return to families after finals week ends, that is, if they aren’t sticking around for summer classes. And for the seniors, it’s a bittersweet time in their lives
Finishing the Fiscal Year Strong in Higher Education Procurement Read More »
