Best Practices for Mitigating Risk in Expense Reporting Platforms
Expense reporting platforms have simplified the review and approval processes, making it easier to submit documentation for payment. However, this convenience can also lead to less stringent review of submitted documents and opportunities for changing electronic receipts. As a result, organizations need to implement best practices to reduce the risk associated with these reporting systems….
Essential stages of a third party risk management program
Developing and maintaining a third party risk management (TPRM) program can help to reduce the overall risk to your organization. What is TPRM? In short, it is the process of analyzing and mitigating risks associated with working relationships with outside entities. These parties can include everyone from contractors providing janitorial services to suppliers of a…