P-Card Fraud, Misuse, and Abuse: What’s the Difference?
While fraud, misuse, and abuse all convey an incorrect usage of P-Cards, they are not the same.
P-Card Fraud, Misuse, and Abuse: What’s the Difference? Read More »
While fraud, misuse, and abuse all convey an incorrect usage of P-Cards, they are not the same.
P-Card Fraud, Misuse, and Abuse: What’s the Difference? Read More »
In the world of procurement and internal auditing, and policy compliance, it’s easy to focus on the negatives when we communicate with our cardholders on policy. Non-compliance. Split transactions. Fraud. Maverick/rogue spend. These are all important conversations to have, and it’s not always easy. It’s important to acknowledge and recognize cardholders in your organization that
Give Thanks to Compliant Cardholders This Holiday Season Read More »
Read about the mishandling of ghost card accounts, especially in combination with their purchasing card (P-Card) programs.
Afraid of Ghosts? Busting Confusion Around Ghost Cards Read More »
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
Challenges of Monitoring Expenses When Cardholders Circumvent Transaction Limits Read More »
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 »