P-Cards–Real & Perceived Risks Require Real Attention

By Pam Miller, APMD P-cards have significant advantages. They eliminate steps in the purchase to pay process, decrease the number of invoices and checks processed by AP, and even result in cash to the bottom line in the form of rebates. But just like any other area where expenditure of an organization’s funds is involved, they carry risk of fraud, and in particular, misuse. Many organizations that discover they have a problem with p-card fraud and misuse actually have a problem with the…