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 But what if these controls are outdated, perhaps unverified, or worse, unknown?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 »
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
The Difference Between Spend Data Visibility and Transparency in Purchasing Read More »
Just because a purchase looks legit from the outside doesn’t mean it is.
Don’t Let Personal Purchases Make You an April Fool 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 »
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 »
