In the world of purchasing and procurement, especially as it pertains to corporate credit cards such as P-Cards and travel cards, we have a tendency to focus on the negative. Fraud. Misuse. Abuse. Maverick spend. Split transactions. Wasteful spending. It makes sense to spend a lot of time thinking about problems that could be plaguing […]
No Luck Needed: Spotting Green Flags in Your Spend Data Read More »
People are creatures of habit. When an employee with a corporate card or purchasing card (also known as a P-Card, procurement card, etc.) is going about their daily activities, they likely aren’t thinking too deeply about the details of every single transaction, as long as they feel that they are compliant with policy. The same
Proper Documentation: Good Habits for Corporate Cardholders Read More »
Allowing employees to make business purchases via online accounts—specifically Amazon Business—has gained significant popularity in recent years. It is now safe to say it is more than a trend, and there is a good chance your organization already uses it. Like all avenues of business purchasing, however, such accounts have their pros and cons. How
Amazon Business: Avoiding Personal Purchasing Pitfalls Read More »
When it comes to smaller corporate purchases for procurement or travel, P-Cards are a great tool to simplify the process. However, introducing, maintaining, growing, and managing a P-Card program brings its own set of challenges. Thankfully, there are plenty of best practices and keys to success that you can use to make things easier. It
7 Management Best Practice Tips for Your P-Card Program Read More »
The split transaction is one of the most common recurring instances of non-compliance that finance, auditing, and procurement professionals run into. A split transaction itself is relatively easy to define: it’s essentially when a transaction is “split up” into 2+ transactions with the intent of getting around a corporate credit card transaction authorization limit. There
Understanding Split Transaction Types Read More »
In the world of procurement and internal auditing, and policy compliance, it’s easy to focus on the negatives when we communicate with our cardholders on policy. Non-compliance. Split transactions. Fraud. Maverick/rogue spend. These are all important conversations to have, and it’s not always easy. It’s important to acknowledge and recognize cardholders in your organization that
Give Thanks to Compliant Cardholders This Holiday Season Read More »
