Category: procards
Strengths and Weaknesses of P-Cards vs. Credit Cards
May 3, 2016P-Cards offer certain conveniences organizations find appealing. However, the ease of use goes hand in hand with the ease of abuse. End-user organizations should weigh the balance of the potential benefits and pitfalls of P-Card use in order to detect, mitigate and prevent their abuse. The Good 1. Cost Savings The traditional procure-to-pay process is costly, often involving a requisition, purchase order, invoice and check payment regardless of the dollar amount of the purchase. The process cost of a $25.00 purchase is the same…P-Cards: So Easy to use, So Easy to Abuse
April 11, 2016Many companies consider P-Cards (Purchasing Cards) to be efficient for purchasing goods from vendors. P-Cards, also dubbed Procurement Cards (ProCards), Payment Cards or Purchase Cards, are essentially charge cards, similar to consumer credit cards. With the increased use of P-Cards in the corporate, educational and government sectors, in order to choose the P-Card best for the organization. The Basics A P-Card is a commercial card organizations can use to make electronic payments for business expenses, taking advantage of the existing credit card infrastructure. The organization…