If your company has benefited from your P-Card program, you aren’t alone. According to the Institute of Commercial Payments (IOCP), switching from a traditional means of handling expenses to a P-Card system can mean efficiency savings that range from 55 percent to 80 percent of the traditional process cost.
Outsourcing Your Way to P-Card Program Growth Read More »
When it comes to work-related travel, experts have projected that we are back to pre-pandemic levels. According to Business Travel News, the World Travel & Tourism Council (WTTC) has projected that global business travel will reach $1.5 trillion at the conclusion of 2024, which is 6.2% higher than 2019, the year before the pandemic. Suffice
10 Controls To Prevent Personal Spending on Corporate Travel Cards 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 our article “Five Ways Your Company Might Be Overspending,” we introduced our five-part series on identifying and ending overspending. In this article of the series, we go over the first of the five ways: Ignoring spend limits. How this overspend begins On the surface, it might seem obvious — your company is overspending by
Adhering to Company Spend Limits to Stop Overspending Read More »
Internal auditors have a lot on their plate. As the primary party responsible for keeping their organization’s financial controls stable, strong, and comprehensive, they play a significant role in ensuring compliance. They work on the organization’s behalf, finding areas of improvement, communicating with stakeholders, managing risk and detecting fraud. One of the ways they do
Hitting the Audit Trail: Strengthening Controls for Internal Auditing Read More »
One of the biggest lessons cardholders will learn from training won’t be how to use the card.
Consequences and P-Card Training Read More »
