Expense Tips

Why AI doesn't need to replace humans in procurement
| Artificial Intelligence, Expense Tips

Why AI Doesn’t Need to Replace Humans in Procurement

Artificial intelligence is widely considered to be the most significant technological innovation since the Internet. Its influence has infiltrated professional fields and industries of all kinds, certainly including those under the financial umbrella. When it comes to purchasing and procurement, the acceleration of AI across various functions has begun to transform how people think about […]

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Five best practices to stop wasteful spending with better data visibility
| Best Practices, Expense Tips

Five Best Practices to Stop Wasteful Spending with Better Data Visibility

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 But what if these controls are outdated, perhaps unverified, or worse, unknown?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

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The difference between spend data visibility and transparency in purchasing
| Best Practices, Expense Tips

The Difference Between Spend Data Visibility and Transparency in Purchasing

When discussing ways to improve your organization’s internal spend controls, it is helpful to take a holistic look at your spend program as a whole to identify areas for improvement. Often, we find that organizations can make significant progress just by getting a better hold of their spend data. The data is there, it’s just

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No luck needed: spotting green flags in your spend data
| Expense Tips, Policy Compliance

No Luck Needed: Spotting Green Flags in Your Spend Data

In the world of purchasing and procurement, especially as it pertains to corporate credit cards such as P-Cards and travel cards, we have a tendency to focus on the negative. Fraud. Misuse. Abuse. Maverick spend. Split transactions. Wasteful spending. It makes sense to spend a lot of time thinking about problems that could be plaguing

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