Several methods have been constructed over the years to combat poor documentation practices and difficulties in receipt submissions. In this blog post, we will describe the strengths and weaknesses of some different approaches put forward. 100% manual review 100% manual review is fully constrained by human limitations. If the person, or people, responsible for your
Common Methods of Receipt Reconciliation Read More »
People are creatures of habit. When an employee with a corporate card or purchasing card (also known as a P-Card, procurement card, etc.) is going about their daily activities, they likely aren’t thinking too deeply about the details of every single transaction, as long as they feel that they are compliant with policy. The same
Proper Documentation: Good Habits for Corporate Cardholders 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 »
P-Cards, or Purchasing Cards, have become increasingly popular for businesses of all sizes to streamline procurement and reduce costs. However, with this increase in usage comes the responsibility of regularly reviewing receipts to ensure compliance and accurate reporting. Why Reviewing Receipts Makes a Difference Regularly reviewing receipts can become a full-time effort when the pile
7 Best Practices for Tracking Questionable Receipts Read More »
For many, a new year means a fresh start. It’s a time to reflect on the past, examine any shortcomings, and then look forward to the future, with a resolution to do better. Whether your plan is to lose weight, exercise more, or save money, now is the perfect time to set new goals, all
Does Your P-Card Program Have a New Year’s Resolution? Read More »
The new normal is going paperless for your P-Card expense review process. Here are 5 steps to help you go paperless with ease.
The New Normal: Making Your Process More Paperless Read More »
