T&E expenses are tough to control. Find out about five fraud tactics that could be hiding in travel expenses and how to lighten the load to detecting expense fraud.
5 Expense Fraud Tactics with Tips to Find Them in Business Travel Read More »
Find control and stop the overspending through greater visibility and oversight into the business expenses.
Using Proper Visibility to Avoid Overspending Read More »
Several methods have been constructed over the years to combat poor documentation practices and difficulties in receipt submissions. In this blog post, we will describe the strengths and weaknesses of some different approaches put forward. 100% manual review 100% manual review is fully constrained by human limitations. If the person, or people, responsible for your
Common Methods of Receipt Reconciliation Read More »
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 »
