Best Practices Archives

Procurement department dealing with staff shortages directly.

June 12, 2024 | Best Practices, Expense Tips

“Hire Staff, Cut Corners, or Fall Behind”: Why There Can Be a Fourth Option

There is no secret that among procurement departments, no matter the industry—whether that be higher education, large corporations, more mid-size businesses, healthcare, non-profits, and more—staffing issues are a recurring problem. We have talked extensively about the issue in the past. And when staffing issues are present, “procurement burnout” becomes a serious matter. Procurement burnout There […]

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Maximize your return on investment (ROI) for travel expenses.

October 10, 2023 | Best Practices, Expense Tips, Travel Card

Maximize ROI for Travel Expenses

In a post-COVID world, a sense of normalcy is beginning to return to business travel. That said, the impact of the pandemic is noticeable. The pandemic and its economic fallout may have shaken your confidence in spend for travel and expenses (T&E). Many organizations and corporate bodies remain frugal as the economy slowly works its

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Woman doing an online cardholder training course.

September 28, 2023 | Best Practices, Cardholder Training

Commercial Card Training: Best Practices

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

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April 28, 2023 | Best Practices, Travel Card

Mastering T&E Expense Management: A Guide to Best Practices

Expense management is a critical component of any successful business. Keeping track of travel and entertainment expenses (T&E) can be a challenging task for many organizations. In this video, we provide valuable insights to help you streamline your expense management process and ensure compliance with company policies. To discover more best practices for T&E expense

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March 1, 2023 | Best Practices

5 Benefits of Outsourcing Invoice Review Services

Outsourcing invoice review services can be beneficial for businesses in several ways. First, it can allow companies to save time and money. By outsourcing the review process, businesses can free up their in-house staff to work on more important tasks. In addition, outsourcing invoice review services can also help to ensure accuracy and consistency in

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February 14, 2023 | Best Practices

Growing Your Supplier Diversity Spend

Do you track supplier diversity in your spend? Diversity in supplier spend is a business strategy that promotes the organization’s sourcing of goods and services from various suppliers. Watch the video, or read below, to learn about tracking your progress when your supplier diversity is growing. There is a growing need for supplier diversity –

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