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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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
Meeting the Challenges of Multiple Payment Methods
Monitoring expenses becomes a greater challenge when businesses rely on multiple payment methods. Meet these challenges head-on with these helpful tips to keep your expenses in order.
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P-Card Best Practices for P-Card Program Success
How do you turn a good P-Card program into a great P-Card program? Check out these five “best practices” for helping make your P-Card system a success!
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