Expense Tips

Charts used for vendor management or vendor fraud
| Fraud and Misuse

Getting AP on board in the fight against vendor fraud

One important relationship businesses create and nurture externally is with vendors. Unfortunately, vendors can also take advantage of that relationship to commit fraud and steal from your company. When this happens, employees are often involved as well. Your accounts payable department (AP) is your first line of defense in identifying vendor fraud and ultimately preventing

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Accounts Payable
| Expense Tips

How your AP department can encourage savings

Often, and rightly so, Accounts Payable (AP) departments are focused on money that’s already been lost — through the improper use of expense accounts, for example, or fraudulent practices on the part of employees and vendors alike. Reviewing transactions and discovering red-flag behaviors are extremely important responsibilities that AP cannot ignore. But equally important —

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clean up expense reviews
| Expense Tips

Take hints from “Clean Your Refrigerator Day” to spruce up your expense review process

Doing an expense review is like cleaning out your refrigerator —  the tedious work still needs to get done, even if nobody wants to do it.  In the case of your fridge, it takes a brief scan of the lower shelf to find forgotten or possibly spoiled food. In the case of your business, an

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