Sustainability is a growing social movement with a noble cause. Prioritizing the environment and society as a whole to ensure that resources are available for the future is something procurement departments can do well. Sustainable procurement can start with a policy or certain processes to implement consistently over time. The result is an organization that […]
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For any organization that issues commercial cards, cardholder training is a must to help ensure compliance and reduce fraud and misuse. Whether you have a P-Card program, or issue Travel or Fleet Cards, here are some of the best practices for effective training to help set the tone for employees, as well as approvers and
Cardholder Training – 8 Best Practices to Start Using Right Now Read More »
With every growing and active card program, potential employee fraud instances, unfortunately, come with the territory. Whether someone is knowingly or unknowingly using their P-Card or T&E card to commit fraud, it’s still a very serious problem within any organization. The best way to combat common expense fraud is to know what you’re looking for
Step By Step Guide to Reducing These Common Expense Fraud Tactics Read More »
Travel and expense, or travel and entertainment spending also known as T&E are essential for organizations participating in business travel. That said, it’s also very easy for an employee to get carried away with purchases on a trip or for compliance issues to surface. This is why a strong T&E policy is necessary. As business
Strategic Ways to Tighten Up Your T&E Policy for Compliance Read More »
In order to maintain and grow your card program, changes are often required. As your goals and card policy change, it’s important to make sure employees are up-to-date with all the new developments. Fraud, card misuse, and abuse can occur in any organization. One of the best lines of defense against this is thorough card
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When managing a card program, whether for domestic purchases or globally, more than likely your team has dealt with intensive receipt reviews. Although a time-consuming process when manually performed, receipts provide organizations with many critical compliance insights. In addition to providing proof for audits, receipts also identify compliance with internal policies and federal and state
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