Consequences and P-Card Training
One of the biggest lessons cardholders will learn from training won’t be how to use the card.
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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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Does Your P-Card Program Have a New Year’s Resolution?
For many, a new year means a fresh start. It’s a time to reflect on the past, examine any shortcomings, and then look forward to the future, with a resolution to do better. Whether your plan is to lose weight, exercise more, or save money, now is the perfect time to set new goals, all
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Two Internal Controls That Managers Need to Communicate to Cardholders
Here are two essential internal controls that managers and administrators need to communicate to protect a company’s card program.
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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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