Should Your Organisation Reduce Usage of Credit Cards?

“We are actually looking to reduce the number of cards in the company” I have worked in the finance IT industry long enough to know that different organisations implement processes based on different internal challenges and environmental idiosyncrasies. The purpose of this post is not to suggest that ‘one size fits all’ in finance process terms. Instead, I wish to assert that best practice for accounts payable processing indicates that credit card adoption should be increasing for most organisations – certainly not decreasing.   Procure to Pay

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3 Major Travel & Expense Management Challenges of the Next Ten Years

  Travel and Expense Management has evolved a great deal in the last ten years, with many technological advancements being developed to simplify the overall process. I do believe the next ten years will be even more exciting, with the likes of Google and Apple really starting to drive innovation in the payments sphere, and our company Expense8 heavily focusing on how corporate travel processes can be modernized. Philosophical excitement to the side, various challenges will need to be addressed. Some will be left to the brainy

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Kambala’s $364,000 Nightmare

For many of us, 10 years is a long period of time. It’s a long time to be in a relationship, live in one apartment, or answer to a single employer. 10 years can create a sense of entitlement and complacence, which is very much what was running through my mind when I read Fairfax Media’s recent article on Kambala girls’ school’s significant credit card defrauding. Ian MacCulloch, the school’s former business manager, was recently found guilty of spending in excess of $364,000 on 6 Westpac Visa

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Expense Reporting To The Rescue

Fraud Can Happen to You! It’s true. The fact is that fraud could happen to anyone of us. Though there are some common traits for individuals who commit fraud, it’s normally not a crime linked to a specific type of person. Fraud is a crime that can be committed by different people in varying circumstances. Whether in a personal or corporate setting, it’s difficult to eliminate fraud completely. If you’ve experienced fraud before, you’ll know how much inconvenience it causes for both the business and individuals involved.

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