Best Practices

The risks of using personal credit cards over commercial cards for business expenses
| Best Practices, Expense Tips

The Risks of Using Personal Credit Cards Over Commercial Cards for Business Expenses

A typical worry for managers of commercial credit card programs is that the cardholders will use their commercial cards when they shouldn’t be. But the opposite can be a problem as well: that being, the employees who, for whatever reason, are not using their commercial cards, but instead are using their own personal credit cards […]

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| Best Practices, Expense Tips

Best Practices for Commercial Cardholders (and the Program Managers Responsible for Them)

A commercial card program (including any organization-issued credit card, such as procurement, purchasing or ‘P-Cards’, travel cards, and others) is only as strong as two things: whether your cardholders actually know how to use their card responsibly, and whether you, as the program manager, are doing your part to make sure that knowledge sticks. Following

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A Card Program Best Practice Aligning Policy with Card Program
| Best Practices, P-Card Expense Monitoring

A Card Program Best Practice: Aligning Policy with Card Program

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

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How AI shines a light on data visibility
| Artificial Intelligence, Best Practices

How AI Shines a Light on Data Visibility

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

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