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
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
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
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
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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
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.
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
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
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
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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
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
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
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
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
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.
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
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
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