The Value of Purchasing Cards

Utilizing P-Cards as a Strategic Form of Payment

This whitepaper covers the benefits of purchasing cards/ePayables and helps buyers select, implement and optimize their programs.  As a sponsor, U.S. Bank has a profile and case study (Intermountain Healthcare) at the end of the whitepaper.

The use of Purchasing Cards generates administrative cost savings when compared to traditional PO payment methods that translate into a substantial transactional cost savings. Companies are currently striving to obtain these transactional cost savings, which is currently driving the 16 percent annual growth of P-Card spend. PayStream predicts that P-Card programs will continue to grow and increase their relevance for payment and procurement managers from 2013 –2015.

P-Cards provide an efficient, cost-effective method of purchasing and paying for small-dollar as well as high-volume purchases. P-Card programs are used as an alternative to the traditional purchasing process and can result in a significant reduction in the volume of purchase orders, invoices and checks processed. P-Cards can be used whenever a purchase order, check request, or petty cash would have been processed and with any vendor that accepts credit cards.

View the full purchasing card whitepaper here or at the above link. 

comments powered by Disqus



Leaving?

By selecting “continue”, you will leave U.S. Bank and enter a third party website. U.S. Bank is not responsible for the content of, or products and services provided by the third party, nor does it guarantee the system availability or accuracy of information contained in the site. This website is not controlled by U.S. Bank. Please note that the third party site may have privacy and information security policies that differ from those of U.S. Bank.

<< back Continue