Purchasing Card programs are on the rise, more companies seeking information on p-card solutions.
Purchasing Card (P-Card) usage is on the rise. More companies are now reaping the benefits of P-Card programs to streamline the procure-to-pay cycle, allowing organizations to procure goods and services quickly, reduce transaction costs, track spending and improve compliance, capture supplier discounts, reduce or eliminate petty cash, and more.
Companies utilizing purchasing cards can reduce purchasing processing costs by as much as 80 percent and drive compliance improvements up to over 30 percent. Best-in-class companies are using purchasing cards to gain these benefits in three key ways:
- Actively expand their purchasing card program
- Leverage technology to reduce procurement process costs
- Track spending to improve compliance
With the increased use of P-Cards, low-cost transactions that were previously thought to be inappropriate for P-Cards, are now being managed through a P-Card program and companies are able to reap the benefits at an earlier phase in the supplier relationship.
PayStream Advisors is launching a Q3 2012 Purchasing Card Vendor Analysis and Buyer’s Guide, targeting finance professionals seeking information on P-Card solutions. The report will examine the different types of P-Cards and various features that are allowing organizations to achieve savings ranging from 50 to 80 percent, simply by moving certain transactions from check to card.
P-Card Report Topics Covered Will Include:
- Corporate Card / Travel Card
- One Card
- Fleet Card
- Ghost Card
- Prepaid Card / Payroll Card
- Declining Balance Card
- Buyer Initiated Push
Contact Mark Colwell, PayStream Market Advisor today if you are interested in sponsoring this upcoming PayStream Advisors report.