Taking Your Fraud Control to the Next Level
Discover how to strengthen internal controls around expenses, especially fraud control, with data-driven methods.
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Accommodating Airbnb Into Your Corporate Travel
It’s been well over a decade since the founders of AirBedandBreakfast.com — today known as Airbnb — first threw an air mattress on the floor of their San Francisco apartment’s living room to spawn the successful home rental business platform commonly referred to as “house sharing.” Initially beloved by the vacation tourist needing a cheap
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Getting AP on board in the fight against vendor fraud
One important relationship businesses create and nurture externally is with vendors. Unfortunately, vendors can also take advantage of that relationship to commit fraud and steal from your company. When this happens, employees are often involved as well. Your accounts payable department (AP) is your first line of defense in identifying vendor fraud and ultimately preventing
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How your AP department can encourage savings
Often, and rightly so, Accounts Payable (AP) departments are focused on money that’s already been lost — through the improper use of expense accounts, for example, or fraudulent practices on the part of employees and vendors alike. Reviewing transactions and discovering red-flag behaviors are extremely important responsibilities that AP cannot ignore. But equally important —
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Meeting the Challenges of Multiple Payment Methods
Monitoring expenses becomes a greater challenge when businesses rely on multiple payment methods. Meet these challenges head-on with these helpful tips to keep your expenses in order.
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Take hints from “Clean Your Refrigerator Day” to spruce up your expense review process
Doing an expense review is like cleaning out your refrigerator — the tedious work still needs to get done, even if nobody wants to do it. In the case of your fridge, it takes a brief scan of the lower shelf to find forgotten or possibly spoiled food. In the case of your business, an
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