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 […]
Duplicate Payments: What You Don’t Know Can Hurt Your Business Read More »
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,
The Weird, Wild, and Wacky World of P-Card Usage Read More »
Artificial intelligence is not a new development. It has existed in infancy since the 1950s, and as a concept, well before that. Unless you had a career or particular interest in robotics, programming, or automation, its impact on your life was likely minimal, unless you happened to be an hour deep in a sci-fi movie.
How AI Augments Procurement Departments Read More »
Procurement departments are challenged in a myriad of ways. One of the most obvious is the sheer volume of incoming data that they are responsible for. Take university procurement for example (though this certainly applies to procurement departments at large corporations and government administrations as well). A typical mid-sized university may have around 430 cards
Internal vs. External Review of Spend Data: Workload Comparison Read More »
On-Demand Webinar Showing Appreciation for Your Procurement Department In this on-demand, recorded webinar, learn about ways that you can show your procurement staff the appreciation they deserve for the hard (and vital!) work that they do. It’s National Procurement Month after all, and it’s time to recognize our colleagues for their efforts. We’ll also share
Procurement Appreciation Webinar Read More »
Just as businesses and corporations of all types and sizes have taken advantage of the benefits and conveniences of purchasing card (P-Card) programs, so have higher education institutions. Some of the challenges and concerns of universities and colleges are identical to those of the business sector — but some are unique to higher education. Communicating
The Challenges of Higher Education P-Card Programs Read More »
