Purchasing cards have been an excellent AP optimization and cost-saving technique for over 10 years - perhaps longer. As a process tool, US corporations have adopted p-cards at an increasing rate, with over 80% of the F500 having a pcard program in place already.
In our practice, we are seeing an increasing complement of p-cards to invoice automation. Both tools reduce cycle times, increase visibility to liabilities, create process improvement, increase control, and reduce administrative costs.
I would be interested in hearing from users who have implemented both pcards and AP automation together....please let me know...
2 comments:
Purchasing Cards are a great tool for automating the invoice process - but only for some categories.
The great strength of the PCard is the ability to replace paper invoices. Their great weakness is the cost.
For many categories, electronic invoices are a much better option
I agree that Purchasing Cards are a great tool for automating the invoice process. Here at Invapay we assist corporations to extend the Pcard program to all vendors irrespective if they are card or non card acceptors, Using use PO's GRN and EDI to provide visibility, control, cost reduction and working capital management by using the Pcard as a settlement tool via ACH & BACS.No setting up vendors on your ERP & eliminating the traditional paper AP process.for further info:-
www.invapay.com
Regards
John Vasili
Invapay Payment Solutions
john.vasili@invapay.com
+44 (0) 7973 186 899
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