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 »
You’ve taken the time to create policies and procedures that will help your credit card system run as smoothly as possible. Now don’t miss an important next step: Ensuring that your cardholders know those standards. Your policies and procedures (also known as “P&P”) won’t mean a thing if your cardholders don’t know them or don’t
Getting the Word Out: Communicating Policies and Procedures Read More »
Facilitate compliance and improve your P-Card program using Card Integrity solutions.
Three Ways to Grow Your P-Card Program Through Compliance Read More »
Here are two essential internal controls that managers and administrators need to communicate to protect a company’s card program.
Two Internal Controls That Managers Need to Communicate to Cardholders Read More »
