How Cardholder Training Protects Your Organization’s Finances
Company policies and procedures do matter, and they are at the foundation of any corporate card program.
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Responsible Monitoring for Automatic Payments on P-Cards
Read more about ongoing payments and what happens when there are multiple abusive transactions.
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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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Getting the Word Out: Communicating Policies and Procedures
You’ve taken the time to create policies and procedures that will help your credit card system run as smoothly as possible. Now don’t miss an important next step: Ensuring that your cardholders know those standards. Your policies and procedures (also known as “P&P”) won’t mean a thing if your cardholders don’t know them or don’t
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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