Using Proper Visibility to Avoid Overspending
Find control and stop the overspending through greater visibility and oversight into the business expenses.
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Common Methods of Receipt Reconciliation
Several methods have been constructed over the years to combat poor documentation practices and difficulties in receipt submissions. In this blog post, we will describe the strengths and weaknesses of some different approaches put forward. 100% manual review 100% manual review is fully constrained by human limitations. If the person, or people, responsible for your
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9 Common Mistakes When Reviewing Receipts
When managing a card program, whether for domestic purchases or globally, more than likely your team has dealt with intensive receipt reviews. Although a time-consuming process when manually performed, receipts provide organizations with many critical compliance insights. In addition to providing proof for audits, receipts also identify compliance with internal policies and federal and state
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When Rubber Meets the Road: The Impact of Rubber Stamping on Receipt Validation
As validating receipts for business purposes has become more crucial, attempts and techniques to circumvent it have become more common. The traditional, purely manual process is susceptible to overlooking or missing policy violations largely due to the repetitive nature of it. Having a person solely responsible for reviewing and validating receipts is not common: it
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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
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Preventing Purchasing Card Fraud by Getting to Its Roots
Program confidence is at stake when purchasing card fraud is left unchecked. Find three ways to get at the source of the problem before fraud has a chance to lessen the value of your card program.
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