Purchasing / Procurement

Corporate Purchase Cards

Distributing corporate purchase cards in the hands of numerous staff looks like a good idea at the beginning. Unfortunately, it often becomes the “black hold” of business expenses. The idea is that management reviews and approves the expense statements, the purchases won’t get out of hand. The truth is that your staff is buying many items at full retail cost form various vendors in each category rather than receiving volume discounts through designated suppliers in each of the same category.

We analyze your current processes and provide solutions that show the benefits of implementing a proper plan which would include:

  • Less paperwork
  • Reduction of cash exposure
  • Faster processing time
  • Consolidated invoicing which saves time, stationery, checks, postage, filing cost

Periodic auditing of P-cards related expenses is highly recommended as it is often illuminating.