Meta mayhem | Companies using tech to crack down on corporate card misuse

As workplaces grow more vigilant about enforcing rules, employees worldwide are facing increased scrutiny, and company credit card use is now coming under scrutiny.

From expense monitoring to digital surveillance, companies are using cutting-edge tools to weed out non-compliance and safeguard resources.

Cracking down on company card misuse

Companies are leveraging technology to monitor and control employee spending, and “spend management” platform Payhawk, is at the forefront of an effort to help restrict spending on company credit cards by time, location, and purchase type. The US Director of Payhawk, Katie MacKillop, noted an uptick in requests for customized features that flag suspicious transactions and notify finance teams in real time.

“Employers are demanding more oversight to ensure compliance,” MacKillop said. Features such as daily transaction limits and pre-approved funds are becoming commonplace to prevent unauthorized expenses.