Lynn Larson

Industry veteran in the Commercial Card/Purchasing Card (P-Card) field with 20 years of experience; founder of Recharged Education

[Lynn Larson @LynnLarsonCPCP]

In the #CommercialCard or #PCard industry, you know that a vendor’s merchant category code (MCC) might be overly vague or even inaccurate. But do you know where your program might get tripped up? https://t.co/UwEXVkinp1

[Lynn Larson @LynnLarsonCPCP]

When an employee adds their #CommercialCard or #PCard to a personal account that they have with a vendor, there is a risk of the employee choosing the wrong card when checking out.
Amazon, PayPal, eBay: Should Your P-Card Policy Allow? https://t.co/MFwo55hWKa

[Lynn Larson @LynnLarsonCPCP]

Some organizations make P-Card usage overly difficult. To improve card program efficiency, take a cost-versus-benefit approach. Even though it is a P-Card 101 concept, maybe your organization has not thought about its processes in years. #pcard https://t.co/9qCtBmD8Q6

[Lynn Larson @LynnLarsonCPCP]

@SquarespaceHelp @kodjoglover1 I've been having the same slowness all day today, too.

[Lynn Larson @LynnLarsonCPCP]

Receipts (and similar) for card transactions are an important control. Take a look at your current requirements. This post shares ways to make your policy stronger, regardless of how or where receipts are retained. #commercialcard #pcard #receipts
https://t.co/pfCGysNgJy

[Lynn Larson @LynnLarsonCPCP]

To help you resurrect #PCard refresher training, this post shares ideas of what to include, as well as a tip for reinforcing the training to help improve compliance. https://t.co/6HiV9sEXuQ

[Lynn Larson @LynnLarsonCPCP]

Great start to PDG's Cards & Payments on Campus Conference today #pcards2021. @cardintegrity shared ways to identify & promote minority- and woman-owned businesses (Recharged Education is one). Good idea to determine goals and what "counts" as one of these vendors for your org.

[Lynn Larson @LynnLarsonCPCP]

Now is the perfect time to steer your management to look beyond #CommercialCard rebates and refocus on the true value of card solutions—efficiencies, savings, and fraud protections. https://t.co/ueFKqbpIIk

[Lynn Larson @LynnLarsonCPCP]

If your payments strategy keeps running into dead ends, re-evaluate whether you have all the right factors for success. This post shares 11 such factors. #commercialcards #payments https://t.co/D6kud3qJfL

[Lynn Larson @LynnLarsonCPCP]

Your organization might be missing out on a payment option that can make processes easier for AP and AR alike: straight-through payments (STP), also known as buyer-initiated payments (BIP) and push payments. #payments #accountspayable #commercialcard
https://t.co/D3wVVbPjs4

[Lynn Larson @LynnLarsonCPCP]

This easy, complimentary tool for rating your #pcard program should be used every year or two, separate from the regular (e.g., monthly) usage of program metrics. https://t.co/UA31D82AbZ

[Lynn Larson @LynnLarsonCPCP]

Beware of a Twist on Card Fraud https://t.co/IJdhgO1h4q

[Lynn Larson @LynnLarsonCPCP]

This crime involved a company card, as the employee basically paid herself through PayPal and Square. This is why organizations need policies about using these types of vendors/payment processors, as well as strong #auditing. #pcard #commercialcard #fraud

[Lynn Larson @LynnLarsonCPCP]

As Kelly Paxton (@pdxcfe) says, trust is not a control. Our views of people can interfere with good judgment. Organizations often over trust their employees, leading to lax control environments. #trustisnotacontrol #fraud #pcard https://t.co/n6KEGjCIvs

[Lynn Larson @LynnLarsonCPCP]

Kelly Paxton (@pdxcfe) points to Ronald Reagan’s famous philosophy of “trust, but verify” and tacks on “and surprise.” Cardholders should not know when they will be audited. #commercialcard #pcard #fraud https://t.co/n6KEGjCIvs

[Lynn Larson @LynnLarsonCPCP]

For some organizations, AP is the biggest holdout concerning card usage, but their attitude can make or break a program. See how #accountspayable can support a card program and gain benefits in the process. Visit https://t.co/mcaWk4QMNV. #pcards #commercialcards

[Lynn Larson @LynnLarsonCPCP]

Allowing employees to use a personal #creditcard instead of a #commercialcard for business expenses has many drawbacks like #fraud risk, tedious reimbursement processes, lack of visibility into expenses, etc. #accountspayable
See more at https://t.co/wZKEySTmD2.

[Mary Schaeffer @Accountspayable]

The surprising #expense #reporting issue few talk about: Almost 1/2 of all cos. have a company #credit card but don't mandate its use. This creates tons of extra work 4 the group administering the review & reimbursement process & facilitates #fraud. #accounting #accountspayable

[Lynn Larson @LynnLarsonCPCP]

U.S. organizations are making progress with #electronicpayments, but we still have ample room to improve.

[Mary Schaeffer @Accountspayable]

Use of #electronic #payments skyrockets for B2B payments, according to the results of a recent #APNow #survey. #business #B2B #accountants Read a short tip on how you can increase vendors accepting electronic #payments https://t.co/qsNJC1wlYs

[Lynn Larson @LynnLarsonCPCP]

The pandemic is tough enough as-is. Don't rely on tedious and costly check payments that consume valuable AP time. Make it a priority to focus on electronic payments, including #commercialcards. See more at https://t.co/zsA1AFqs2G. #accountspayable

[Lynn Larson @LynnLarsonCPCP]

P-Card spend history is usually helpful for control purposes. Knowledge is power until it no longer applies; 2020 is anything but typical. This makes #pcard fraud harder to spot. Learn more and gain tips to keep your #controls strong. https://t.co/sx1vUU9mar