Training employees on your card program policies is so much easier when done online. See how to incorporate virtual cardholder training to free up time and resources in your organization.
Empower Your Employees with Online Cardholder Training Read More »
Training cardholders in your organization on how to follow policy can be tricky. This is true for both organizations with a P-Card program or those that issue Travel Cards, Fleet Cards, One Card, etc. Cut down on fraud and misuse by properly training employees, approvers, and program managers from the get-go. In our experience, it
Commercial Card Training: Best Practices Read More »
Aligning an organization’s purchasing policy with a card program is a vital step toward maintaining the financial health of your business. Card programs are ever-changing and policies should also reflect this change. Updated policies will help an organization to manage contract compliance, credit card security, as well as cardholder purchasing habits. To stay current with
A Card Program Best Practice: Aligning Policy with Card Program Read More »
If your company acts like most financially-concerned businesses, you’ve already implemented at least some internal controls to uncover and prevent fraud within your expense system. Maybe you’ve tied spend limits to your purchasing cards. Or, perhaps you are restricting use on specific merchant category codes (MCCs). But while these steps are all important and useful,
Taking Your Fraud Control to the Next Level Read More »
Artificial intelligence (AI) solutions have been implemented into purchasing, finance, sourcing and procurement processes in a myriad of different ways. We see AI’s influence in the automatization and augmentation of various tasks with the goal of increasing efficiencies. As IBM puts it, “businesses that want to stay competitive … need to have deeper insights into
How AI Shines a Light on Data Visibility Read More »
Stopping wasteful higher education spending sounds easy enough when controls are in place. The internal controls, such as policies addressing spend limits or prohibiting personal purchases, have a significant impact on the purchasing behavior of employees. But what if these controls are outdated, perhaps unverified, or worse, unknown? The outcome could leave the institution vulnerable
Five Best Practices to Stop Wasteful Spending with Better Data Visibility Read More »
