With high costs and significant processing time for using purchase orders in the procure-to-pay process, it makes sense to take a close look at the benefits of using purchasing cards.
Purchasing cards (also referred to as purchase cards, P-cards, or Pcards) are corporate cards used by employees to buy approved services and products without engaging in traditional and costly purchase order processes.
Reviewed in this week’s full PDF…
…are P-card vs. procure-to-pay costs and eight benefits of using them.
These benefits are so significant that more companies are using them for large-ticket items like equipment and expenses such as mortgages, rent and utilities.
Los Angeles and Southern California executives looking at ways to reduce costs and improve efficiencies in their payment processes can benefit from talking with a provider of outsourced CFO services.
A professional of this nature has deep P-card and broad industry expertise in assessing where and how payment processes can be improved with purchase cards, as well as in working with vendors to implement a new P-card program.