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
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
3 Hidden, Internal Fraud Schemes and How to Flag Them Read More »
When it comes to small purchases, P-Cards are a great tool to simplify the process, however, managing P-Card spending is not without its challenges. The key to a successful procurement card program, and preventing fraud, is strong management and training. We’ve put together a video of 7 tips for managing your P-Card program to help
7 Management Best Practice Tips for Your P-Card Program Read More »
P-Cards, or purchasing cards, are a great way for organizations to streamline their purchasing processes. However, P-Cards can also be a source of fraud and abuse if they are not properly managed. This is why it’s important to have strong procedures in place for your P-Card. In this blog post, we’ll share some best practices
9 Best Practices to Make the Most of Your P-Card Auditing 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
4 Steps to Establish Effective Card Policy Training Read More »
Strengthen your card program through effective communication.
