P-Cards, or purchasing cards, are a great way for organizations to streamline their purchasing processes. However, P-Cards (really, any company-issued credit card, including travel 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
9 Best Practices to Make the Most of Your P-Card Auditing Read More »
Company policies and procedures do matter, and they are at the foundation of any corporate card program.
How Cardholder Training Protects Your Organization’s Finances Read More »
Read more about ongoing payments and what happens when there are multiple abusive transactions.
Responsible Monitoring for Automatic Payments on P-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 »
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
Getting the Word Out: Communicating Policies and Procedures Read More »
Here are two essential internal controls that managers and administrators need to communicate to protect a company’s card program.
Two Internal Controls That Managers Need to Communicate to Cardholders Read More »
