Card Integrity Enhances Financial Oversight for Virginia's Colleges with New Expense Monitoring Solutions
In a significant move aimed at improving financial management for higher education institutions, the Virginia Higher Education Procurement Consortium (VHEPC) has partnered with Card Integrity to introduce advanced expense monitoring solutions. This collaborative effort will enable all 16 member institutions to leverage Card Integrity's data-driven services, enhancing their procurement processes and ensuring tighter control over expenditure.
The announcement was made on January 27, 2025, marking a new chapter in the VHEPC's commitment to providing cost-effective, innovative solutions for its members. Ryan Balber, the Director of VHEPC, emphasized, "Providing quality services to our member institutions through cooperative contracts is our top priority." He noted that VHEPC has collaborated with Card Integrity for over two years, highlighting the vendor's capabilities and expertise in financial oversight.
Card Integrity specializes in tailored expense monitoring services that cater to the unique needs of various organizations, including those in higher education and government. The company's forensic analysis team meticulously reviews credit card transactions to identify areas of waste, ensure compliance with financial regulations, and detect fraudulent activities. This dedication to financial integrity is crucial for procurement departments, finance teams, and internal auditors across multiple sectors, including healthcare and non-profit organizations.
Through this partnership, VHEPC member institutions will gain access to valuable data insights that promote better program management. Card Integrity’s technology provides granular visibility into spending patterns, enabling institutions to scrutinize procurement card activities categorized by spend type, supplier, and even geographic location. Doug Hindsley, a Senior Partner at Card Integrity, expressed enthusiasm for the partnership, stating, "We are thrilled to partner with VHEPC as a contracted vendor. The Consortium delivers significant value to Virginia's higher education institutions by fostering collaboration and efficiency. We look forward to continuing our partnership and working closely with Ryan and the entire VHEPC team."
Card Integrity, headquartered in the Chicago area, has established a reputation for delivering transparency and flexibility in expense monitoring across various industries, including manufacturing and transportation. Their comprehensive services come equipped with hundreds of alerts designed to flag potential fraud, ensure regulatory compliance, and streamline overall expense oversight. Following this partnership, Virginia’s educational institutions are now positioned to enhance their financial strategies and operational efficiencies.
Founded in 2014, the Virginia Higher Education Procurement Consortium enhances buying power by fostering collaboration among its members. It also advocates for the inclusion of small, minority, woman, and veteran-owned enterprises in the procurement marketplace, promoting equitable access to resources and opportunities. For educational institutions looking to optimize their financial measures while ensuring accountability, this partnership signifies a pivotal step forward in transforming the financial landscape of higher education in Virginia.
The announcement was made on January 27, 2025, marking a new chapter in the VHEPC's commitment to providing cost-effective, innovative solutions for its members. Ryan Balber, the Director of VHEPC, emphasized, "Providing quality services to our member institutions through cooperative contracts is our top priority." He noted that VHEPC has collaborated with Card Integrity for over two years, highlighting the vendor's capabilities and expertise in financial oversight.
Card Integrity specializes in tailored expense monitoring services that cater to the unique needs of various organizations, including those in higher education and government. The company's forensic analysis team meticulously reviews credit card transactions to identify areas of waste, ensure compliance with financial regulations, and detect fraudulent activities. This dedication to financial integrity is crucial for procurement departments, finance teams, and internal auditors across multiple sectors, including healthcare and non-profit organizations.
Through this partnership, VHEPC member institutions will gain access to valuable data insights that promote better program management. Card Integrity’s technology provides granular visibility into spending patterns, enabling institutions to scrutinize procurement card activities categorized by spend type, supplier, and even geographic location. Doug Hindsley, a Senior Partner at Card Integrity, expressed enthusiasm for the partnership, stating, "We are thrilled to partner with VHEPC as a contracted vendor. The Consortium delivers significant value to Virginia's higher education institutions by fostering collaboration and efficiency. We look forward to continuing our partnership and working closely with Ryan and the entire VHEPC team."
Card Integrity, headquartered in the Chicago area, has established a reputation for delivering transparency and flexibility in expense monitoring across various industries, including manufacturing and transportation. Their comprehensive services come equipped with hundreds of alerts designed to flag potential fraud, ensure regulatory compliance, and streamline overall expense oversight. Following this partnership, Virginia’s educational institutions are now positioned to enhance their financial strategies and operational efficiencies.
Founded in 2014, the Virginia Higher Education Procurement Consortium enhances buying power by fostering collaboration among its members. It also advocates for the inclusion of small, minority, woman, and veteran-owned enterprises in the procurement marketplace, promoting equitable access to resources and opportunities. For educational institutions looking to optimize their financial measures while ensuring accountability, this partnership signifies a pivotal step forward in transforming the financial landscape of higher education in Virginia.
Topics Financial Services & Investing）
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