Combating Overwhelm while Preventing P-Card Fraud
Curb the overwhelm from card management and prevent P-Card fraud.
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The Weird, Wild, and Wacky World of P-Card Usage
When it comes to the use of purchasing cards, there’s the incorrect, there’s the inappropriate—and then there’s the insane. Uncle Ben’s famous quote “with great power comes great responsibility” applies to more than just fighting the Green Goblin, after all. By issuing your cardholders a P-Card, you’re trusting them not to abuse it. Importantly though,
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Challenges of Monitoring Expenses When Cardholders Circumvent Transaction Limits
For procurement and finance professionals, monitoring expenses is a critical component of managing budgets. Unfortunately, cardholders can sometimes circumvent transaction limits using several split-transaction strategies. In this blog post, we will discuss the challenges associated with monitoring expenses when cardholders attempt to circumvent transaction limits, violate policy by doing so, and how to best manage
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Green Flags: Communicating Positive Purchasing Behavior to Increase Visibility and Confidence
Communicating positive purchasing behavior to employees who purchase goods and services for the organization often remains overlooked by approving managers or the central review team. Focused on red flags with potential for fraud or misuse, communicating the risky behavior takes priority. A follow-up by managers of these risks takes precedence to help reduce or stop
3 Hidden, Internal Fraud Schemes and How to Flag Them
In October, you may find yourself haunted by some of the scariest schemes you’ve ever seen; however, with a little detective work this Halloween you can help unmask fraudulent expenses in your organization. Internal fraud, also known as occupational fraud, refers to making false representations, withholding information, or abusing a position of trust, resulting in
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Step By Step Guide to Reducing These Common Expense Fraud Tactics
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
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