When designing the Travel Expense Reporting process, it is important to consider the proper balance of business controls, potential fraud risks, and the effort required to both process expense reports and for travelers and their managers to submit them. When it comes to process improvement, the one thing consistently better than automation is the elimination, […]
The introduction of global processes for Travel Expenses, combined with new capabilities to collect and analyze data from multiple sources, creates new opportunities for companies to make dramatic changes to how the travel expense report process is designed and administered. One of the most highly impacted areas is the expense report audit process, where using […]
Peeriosity members recently participated in the annual Corporate Card research area surveys for both the Purchasing Card and Travel Expense process areas. The survey collects specific information related to clearly defined activities via Peeriosity’s online data collection tools. Excluded activities are also defined to ensure the benchmarks are comparable. Along with the Shared Services Back-office […]
When implementing a major new system, the greatest benefits can only be achieved when you keep in mind that streamlining work processes and understanding the impact of the implementation on the overall end-to-end process is as important as getting the new system up and running. However, it isn’t only a matter of deciding whether or […]
There are great efficiency and compliance opportunities for Shared Services organizations that consolidate their Travel & Expense programs globally. The challenges of crossing borders and attaining global leverage may be great, but the benefits have been significant for those who have embarked on this initiative. A recent Peeriosity PeercastTM in the Corporate Card research area […]
An effective Purchasing Card Program can add significant value to a company through cost savings, simplicity, and reporting transparency. Successful implementations require proper planning and execution to avoid sub-optimal or possibly negative ramifications. Recent Peeriosity Benchmarking of organizational structures indicated that the vast majority of companies have their Shared Services organizations manage their Purchasing Card […]
Recently, a Peeriosity member company launched a poll question within the Corporate Card research area targeted to the Corporate Card Managers from global organizations. The question turned into some great collaboration on best practices to attain the objectives of global scale for cost benefits, as well as to preserve the flexibility to maintain or enhance […]
Since we originally published this post on December 1, 2011, there have been further developments that are noteworthy for US-based card administrators. According to an article in the Wall Street Journal on February 28th (see link below) a number of banks, including J.P. Morgan Chase, Wells Fargo, and US Bancorp have begun offering EMV cards […]
A recent member-submitted poll question within the Peeriosity Corporate Card research area served as a catalyst for an excellent discussion in regards to providing corporate travelers with a credit card that can work in all locations outside the US. Over 75% of the poll respondents, representing travel-card managers from leading global companies indicated that US-based […]
Several viable alternatives exist for efficiently managing Purchasing Card (“PCard”) receipts, each with its own set of advantages and disadvantages. A recent Peeriosity webcast within the Corporate Card research area highlighted some of the best practice methodologies that a number of our members have implemented, realizing both cost savings and increased compliance. A poll of […]