Survey Results: Are Your MCC Codes Aligned? Insights on Monitoring and Adjusting for Optimal Spend Control
Question:
How often do you review MCC codes to ensure alignment with current spending patterns?
- A. Monthly (4 out of 64)
- B. Quarterly (4 out of 64)
- C. Annually (21 out of 64)
- D. Only as needed (35 out of 64)
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Question:
Which of the following best describes your primary method for reviewing MCC code alignment?
- A. Automated monitoring system (5 out of 64)
- B. Manual analysis (27 out of 64)
- C. Vendor or partner audit reports (8 out of 64)
- D. Ad-hoc review when issues arise (24 out of 64)
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Question:
What actions do you take if MCC code data shows a misalignment with expected spending patterns?
- A. Update spending policies (1 out of 64)
- B. Restrict or allow specific MCCs (47 out of 64)
- C. Investigate with department heads (9 out of 64)
- D. No action taken unless fraud is suspected (7 out of 64)
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Question:
How confident are you that your MCC code review process helps minimize unauthorized spending?
- A. Very confident (25 out of 64)
- B. Somewhat confident (28 out of 64)
- C. Not very confident (6 out of 64)
- D. Not confident at all (5 out of 64)
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Question:
What resources would help improve your MCC code review process?
- A. Advanced analytics tools (14 out of 64)
- B. MCC-specific training (26 out of 64)
- C. Access to industry benchmarks (8 out of 64)
- D. None (11 out of 64)
- E. Other
(disclose in additional commentary) (5 out of 64)
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Question:
Additional commentary?
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