There have been a lot of horror stories involving employees that scam their own company. A number of them have successfully stolen tens to hundreds of thousands and even millions of dollars undetected by using complicated yet illegal expenses that may be over-priced or just plain fraud.
While a number of corporations wont even feel the difference, there are many corporations that may sink over its head because of this. Also, even though you may have a multi-billion dollar company and a couple of hundred of thousands of dollars of stolen money from the coffers of your business may not mean anything, you should show your employees that you will not stand around and do nothing and allow them to steal company money. This is just poor business practice.
So where does a corporate credit card come into the picture? Well, since most fraud, as financial experts and investigators have said, come from expenses and other monetary transactions, a corporate credit card would allow a company or a corporation to monitor the expenses done in the name of the company and is a great accounting tool.
Whether your company or corporation is extremely large, medium or small, a...
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