Best Practices

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 But what if these controls are outdated, perhaps unverified, or worse, unknown?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

Five Best Practices to Stop Wasteful Spending with Better Data Visibility Read More »

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

The Difference Between Spend Data Visibility and Transparency in Purchasing Read More »

| Best Practices, P-Card Expense Monitoring, Program Goals

9 Best Practices to Make the Most of Your P-Card Auditing

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 »

Scroll to Top