Expense Tips Archives

March 15, 2023 | Expense Tips, Procurement

Five Ways Procurement Can Add Value to an Organization with Expense Data

Procurement professionals are increasingly responsible for focusing on managing spend and often want to find the best ways for the department to add value to the organization. By leveraging expense data, procurement can find better ways to manage spend. This will add value that stakeholders and other departments will quickly come to appreciate in the […]

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March 10, 2023 | Expense Tips

Card Integrity Releases New Data Feature, Paving the Way for Positive Spend Culture

We are excited to announce the launch of a new feature that will pave the way for a more positive workplace spend culture. Early in March 2023, Card Integrity began offering a new section on customer reports that identify cardholders who are following company policies and spending wisely. By highlighting cardholders who respect and follow

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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 21, 2023 | Expense Tips

Challenges of Monitoring Expenses When Cardholders Circumvent Transaction Limits

For procurement and finance professionals, monitoring expenses is a critical component of managing budgets. Unfortunately, cardholders can sometimes circumvent transaction limits using several split-transaction strategies. In this blog post, we will discuss the challenges associated with monitoring expenses when cardholders attempt to circumvent transaction limits, violate policy by doing so, and how to best manage

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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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February 8, 2023 | Expense Tips

The Financial Benefits of Verifying Duplicate Payments

Verifying duplicate payments can be very eye-opening. Duplicate payments can wreak havoc on your organization’s finances whether its due to: Verifying duplicate payments is essential for any business handling a lot of transactions per month. Hiring a third party to help review your payments can consolidate several manual tasks while properly categorizing siloed data to

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