If your company acts like most financially-concerned businesses, you’ve already implemented at least some internal controls to uncover and prevent fraud within your expense system. Maybe you’ve tied spend limits to your purchasing cards. Or, perhaps you are restricting use on specific Merchant Category Codes. But while these steps are all important and useful, are […]
It’s been well over a decade since the founders of AirBedandBreakfast.com — today known as Airbnb — first threw an air mattress on the floor of their San Francisco apartment’s living room to spawn the successful home rental business platform commonly referred to as “house sharing.” Initially beloved by the vacation tourist needing a cheap […]
One important relationship businesses create and nurture externally is with vendors. Unfortunately, vendors can also take advantage of that relationship to commit fraud and steal from your company. When this happens, employees are often involved as well. Your accounts payable department (AP) is your first line of defense in identifying vendor fraud and ultimately preventing […]
Often, and rightly so, Accounts Payable (AP) departments are focused on money that’s already been lost — through the improper use of expense accounts, for example, or fraudulent practices on the part of employees and vendors alike. Reviewing transactions and discovering red-flag behaviors are extremely important responsibilities that AP cannot ignore. But equally important — […]
Meet with Card Integrity and other purchasing card professionals at the annual NAPCP conference.
National Procurement Month is celebrated throughout the month of March and is dedicated to honoring purchasing professionals. Take this time to show your appreciation for all that your procurement team accomplishes throughout the year. Here is a quick round up of things that you can do to honor the purchasing professionals you work with. 5 […]