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Cards and card controls were the focus of this episode of the AP Now podcast. Mary Schaeffer is joined by Recharged Education’s Lynn Larson to discuss how controls may have changed during the pandemic.
Clearly, for many, there was a change during the pandemic. Typical activity notes Larson, is not a good indicator of activity during the pandemic. She suggests that organizations might want to rethink their audit routines of card activity to make it more relevant to current conditions. She also pointed out that cards are an excellent tool for those organizations, heavily reliant on paper checks. They serve as a good alternative if there are problems getting checks issued.
She also references the importance of strong master vendor file controls around card usage.
Host: Mary Schaeffer (https://www.ap-now.com/)
Guest: Lynn Larson (https://www.recharged-education.com/)
Credit: Music: https://www.purple-planet.com