Consequences and P-Card Training
One of the biggest lessons cardholders will learn from training won’t be how to use the card.
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The Cost of Inaction
According to a 2020 report from the Open Contracting Partnership and Spend Network, almost 97% of all public procurement spend around the world per year ($12.6 trillion) is opaque (meaning there is no transparency about what the spend is). Essentially all of that money is subject to significant risk such as waste and fraud. Now,
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Artificial Intelligence in Procurement
Science fiction has long warned us about the rise of artificial intelligence. Movies, novels, animation, and pop culture have conjured up images in our minds of AI rebelling against human civilization and causing catastrophe. As you may have noticed, AI has been a hot-button issue recently, not just in the world of procurement, but on
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Afraid of Ghosts? Busting Confusion Around Ghost Cards
Read about the mishandling of ghost card accounts, especially in combination with their purchasing card (P-Card) programs.
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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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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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