In many of our recent dealings with South African companies, there has been a common issue with abuse and fraud committed by employees on their company-issued credit cards. These cards are generally provided to employees on the understanding that they are to be used for business expenses only, and in most cases this is reinforced […]
Fraud prevention is better than cure Read More »
Organisations that do not use an automated travel and entertainment (T&E) expense management service are falling behind in almost every measure of financial management. These organisations as ‘laggards’ and presents figures showing that they pay 37% more to process their expense reports; they take three times longer to reimburse employees; and they are essentially working
The ‘silver bullet’ in managing travel and entertainment expenses Read More »
63% of organisations researched by The Aberdeen Group placed ‘reduced cost of processing purchase orders and cheque payments’ as their primary goal for implementing a Purchase Card Program”, Julian Curtiss, Managing Director of Transaction Technology Solutions, told SmartProcurement. Figure 1: Top Pressures Driving Purchasing Card Initiatives A further 56% of organisations, as researched in the
New home grown procurement technology changes the rules of the game Read More »
This is the second article in a series, the first of which appeared in the SmartProcurement June Newsletter. Julian Curtiss, Manager of Commercial Marketing, Corporate Payment Solutions at ABSA Bank, told Smart Procurement that “Purchasing card programs are as unique as the companies using them, and therefore the business case varies per organisation” Referring
Part 2 – The Business Case for Purchasing Cards Read More »
At a recent breakfast session hosted by IPSA (Institute of Procurement and Supply South Africa) Julian Curtiss, Manager of Commercial Marketing, Corporate Payment Solutions at ABSA Bank, said that Procurement Cards are now almost universally accepted as a procurement to pay solution for both the private and public sectors of economies across the globe. He
The current case for purchasing cards – Part 1 Read More »
