In our article “Five Ways Your Company Might Be Overspending,” we introduced our five-part series on identifying and ending overspending. In this article of the series, we go over the second of the five ways: Spending without approval — manifesting itself as the “maverick spender.” How this overspend begins In every company, there are always […]
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In our article “Five Ways Your Company Might Be Overspending,” we introduced our five-part series on identifying and ending overspending. In this article of the series, we examine how your company can avoid overspending by building and improving your relationships with vendors and suppliers. How your vendor relationships affect overspending It’s easy to think that
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Is your company doing everything possible to control costs? Knowing the culprits of overspending will help to reveal any further measures that could be done to stop it. Continue reading to discover 6 possible ways your company might be a victim of too much spending.
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On-Demand Webinar Recording Recorded May 8th, 2024 6 Strategies to Detect and Manage Problematic Receipt Submissions As organizations look for ways that they can grow their card programs and improve compliance, receipt validation stands out as a potential roadblock. Despite being a common source of improper commercial card usage, it’s often deprioritized as organizations struggle
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In our article “Five Ways Your Company Might Be Overspending,” we introduced our five-part series on identifying and ending overspending. In this article of the series, we examine how a lack of knowledge about duplicate payments—due to a lack of visibility—can cause your company to overspend. How a lack of knowledge can cause overspending Overspending
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When it comes to the use of purchasing cards, there’s the incorrect, there’s the inappropriate—and then there’s the insane. Uncle Ben’s famous quote “with great power comes great responsibility” applies to more than just fighting the Green Goblin, after all. By issuing your cardholders a P-Card, you’re trusting them not to abuse it. Importantly though,
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