Credit cards: the smarter approach

If there is one good thing to emerge from the Craig Thomson/HSU debacle – and surely every cloud has a sliver of silver lining – it is that a bright light has been focussed on the area of credit card control.

There are sound and legitimate reasons for organisations providing key personnel with credit cards which I strongly support: they offer flexibility and purchasing agility; can streamline the purchase of relatively inexpensive products and service; and, improve the purchase-to-pay cycles. At the same time credit cards offer organisations a clear audit trail of who bought what and when. Continue reading