Leveraging the Economics of Corporate Credit Cards

Sponsored By Oversight Systems

Topics:

Finance & Risk Management

Technology > IT Security

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Abstract:

Corporate cards deliver tremendous economic benefit to companies, in terms of expanded buying power and ease of use, not to mention card-issuer incentives. But along with this distributed buying power come challenges, such as ensuring adherence to purchasing and expense policies, as well as detecting misuse and fraud. Individual violations can be small, but the total can be significant. As a result, many companies are beginning to employ continuous monitoring, or continuous fraud analytics, as a method for overcoming these challenges so that they can safely expand the use of corporate cards to maximize program value. Corporations with high-volume corporate card programs have found that eliminating fraud and policy violations within the distributed buying model relies on two key elements: a crosssystem view of enterprise data; and the ability to analyze every corporate card transaction, in near real-time.

DETAILS

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Released: June 16, 2009

Length: 8 pages

Format: PDF (323 kb)

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