The use of procurement cards (P-cards) is an increasingly pervasive trend in accounts payable management.

One thing that is clear to every business owner is that cash flow is essential to keeping a company running smoothly.

A federal court recently charged Larry Winckler, a former executive at Indiana-based oil drilling company Falcon Drilling, with embezzling more than $9 million in corporate funds.

At firms that specialize in financial services, it’s essential to implement tools that protect against embezzlement of either the company’s or the clients’ money.

Companies aren’t the only entities that can reap the benefits of purchasing card (P-card) systems.

Any organization that hasn’t successfully addressed problems with duplicate payments is likely to find numerous other challenges piling up.

Duplicate payments can occur in a number of ways, some

If organization leaders aren’t careful to keep close watch over financial accounts, duplicate payments can begin to add up.

Without the proper financial management procedures in place, inaccuracies can begin to create significant problems for any business.

Keeping accurate account of the how money moves into and out of a company is critical.

In order to maintain its financial health, any organization must take care to avoid making inaccurate payments.