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Learn MoreHow many times has your Finance team seen the word "processing" on their laptop screens this week? Instant payments, both via The Clearing House's RTP (Real-Time Payment) Network and the Federal Reserve's 24/7/365 FedNow Service, are poised to change that.…
Your A/P staffers have seen their share of outrageous business expense reimbursement requests from employees. But how do they compare to the “Craziest Expenses” for 2022 compiled by global expense management company Emburse? See if you can guess which business…
To accommodate the needs of as many vendors as possible, your business may need to use a combination of electronic payment methods. Electronic payments are a win-win. Your vendors will love that they can get paid faster and your CFO…
Your company credit cards can be a breeding ground for fraud via unauthorized usage, especially if there’s only one person in charge of managing charges and transactions. Lessons learned from two recent cases where companies were scammed out of hundreds…
They’re one of the biggest perks of using a corporate credit card: cash back in rebates. But is your company getting every dollar it’s entitled to? Maybe not. Data from the GBTA Foundation found that many of your peers don’t…
A corporate credit card remains a great way to streamline purchases, monitor spending and earn cash back in rewards. It can also open the door to financial funny-business. Unfortunately some less-than-honest employees will abuse cards to use them to cover…
Right now, health and safety are major concerns in the business travel sphere, making contactless payments an appealing option for companies. In fact, contactless payments (e.g., mobile pay) could see a major surge due to the coronavirus pandemic. And they…
No better time to make sure everyone carefully follows your company's purchasing card controls. Just ask Delaware State University (DSU). In a recent audit of the school’s 6,116 p-card transactions, 487 seem to violate the policy restrictions. The cost of…
In an increasingly digital and dispersed workforce, purchasing cards are primed to become more widely used, making a solid p-card program essential. Especially given the current, chaotic climate, employees need to be able to make essential business expenses and buy…
Employees often use corporate cards for travel and other business expenses, but does your finance team know the true cost of this payment method? For many companies, there’s a bit of uncertainty surrounding corporate cards, according to a survey from…
Keep a close eye on your corporate card provider. Some are planning to make changes to their fees that’ll affect how much your company has to pay. One prime example: Currently, Visa is overhauling its structure for interchange rates, reports…
Good news: Tracking expenses and saving money on the road can get a whole lot easier. (more…)
Resourceful Finance Pro, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day's headlines, Resourceful Finance Pro delivers actionable insights, helping Finance execs understand what Finance trends mean to their business.
