Oversight has been hard at work creating a white paper specifically for our customers who leverage purchase cards to manage their corporate spending programs. With corporate card usage on the rise, many suppliers and vendors have incentives to accept payments on purchase cards. While lower purchase operations costs, greater flexibility, better cash management, and rebates are all great reasons for promoting increased purchase card use, many companies worry about the potential assurance risks related to purchase cards. As such, it is important those card programs leverage detective controls to monitor spending and identify any waste and abuse.
In our Spend Analysis Report for T&E we highlighted the most problematic behaviors occurring in T&E programs. While some of these issues are the same across P-Card and T&E programs, leveraging the data to derive these conclusions is very different across the two. Our latest white paper, 5 Tips for Unlocking Answers Hidden in Your P-Card Transaction Data details specifics on how you can leverage p-card transaction data that already exists to ensure total compliance to your company’s spending policies.
This white paper also details how to:
- Inspect What you Expect
- Use card monitoring as a control for your entire program
- Leverage data to improve and influence cardholder behavior
- Understand why bad behavior starts in the first place
- Stop said bad behavior in its tracks
Download the white paper: 5 Tips for Unlocking Answers Hidden in Your P-Card Transaction Data.