• Skip to primary navigation
  • Skip to main content
  • Skip to footer
  • Email
  • Phone
SIGN IN
Card Integrity

Card Integrity

Helping You Spend Wisely

  • SOLUTIONS
    • OUR SERVICES
      • EXPENSE MONITORING
      • RECEIPT VALIDATION
      • INVOICE REVIEW
      • CARDHOLDER TRAINING
    • BY INDUSTRY
      • GLOBAL BUSINESS
      • GOVERNMENT
      • HEALTHCARE
      • HIGHER EDUCATION
      • MANUFACTURING
    • BY ROLE
      • FINANCE
      • FINANCIAL LEADERS
      • PROCUREMENT
      • TRAVEL
    • Get a Quote
  • RESOURCES
    • BLOG | EVENTS
    • SUCCESS STORIES
    • WEBINARS
    • Talk to a Sales Rep
  • ABOUT US
    • OUR STORY
    • CONTACT US
    • CAREERS
    • FAQs
  • Request a Demo

Protect Card Program with Effective Internal Controls

The best way for your business to be proactive is by establishing internal controls for your P-Card program — ones that are both effective and efficient — to stop problems before they start.

Expense Tips

Internal Controls

Purchasing cards — or “P-Cards” — have become increasingly popular as a convenient means to handle employee expenditures. As these P-Card programs have grown, however, so have the opportunities for fraud, theft, and mismanagement of expenses. How does one reap the rewards of a P-Card program while avoiding such pitfalls?

The answer is proactivity. In their 2014 “Report to the Nations on Occupational Fraud and Abuse,” the Association of Certified Fraud Examiners (ACFE) concluded that “proactive detection measures — such as…management review procedures…and employee monitoring mechanisms — are vital in catching frauds early and limiting their losses.”

And the best way for your business to be proactive is by establishing internal controls for your P-Card program — ones that are both effective and efficient — to stop problems before they start. Here are some of the controls your organization will definitely want in place to ensure a successful and safe P-Card program:

  • Develop and implement specific policies and procedures for your P-Card program
  • Establish spending limits
  • Closely monitor and reconcile all transactions conducted via P-Cards
  • Maintain documentation and authorization for P-Card purchases
  • Create clear roles and responsibilities for employees and managers within the P-Card program
  • Before issuing any P-Cards, educate the users of your program standards and train them to use P-Cards properly

Admittedly, while establishing and implementing a P-Card program might be easy, the time and effort to follow-up and monitor the program can be much more extensive and difficult. Often, the internal workforce and hours necessary to apply such internal controls simply do not exist.

Such effective internal controls are exactly the sort of services that Card Integrity extends to your company’s P-Card program. Our unique monitoring system combines state-of-the-art technology with a human touch to provide the safeguards for your P-Card program that your company cannot do on its own, but cannot do without.

For more information on Card Integrity, our services, and what we can do to protect your business proactively, give us a call at 630-501-1507 or click HERE to contact us today!

Share This:

  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)

Originally published on April 19, 2016, updated September 15, 2022

Ready to defend your spend?

Start with your policies and procedures, then do what's necessary to support them.


Get started

Footer

CARD INTEGRITY

Get spend data analytics built to your policy to build trust in employee purchasing behavior.

Office 1-630-501-1507

SITEMAP

  • HOME
  • LATEST NEWS
  • SIGN IN
  • SOLUTIONS

COMPANY

  • ABOUT
  • JOBS
  • ACCESSIBILITY
  • PRIVACY POLICY & TERMS OF USE

SUPPORT

  • CONTACT
  • CONTACT SALES
  • REQUEST A QUOTE
  • FAQs
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube

Copyright © 2023 Card Integrity. All rights reserved.
Return to top