With thorough preparations, P-card will provide numerous benefits or commodities with low value and high volume transactions.
In most companies 70% to 80% of all invoices have a lower value than € 1000. The total cost of each transaction is often higher than € 100. An easy and efficient way to improve the Procurement process and sourcing effectiveness is by implementing Procurement card. However, there are many issues involved in implementing P-card. From our P-card experience, we know how to solve these issues.
With Procurement card a credit card (or card number) is used to allow the business operation to purchase goods and services up to a certain value. The number of process steps are limited, which makes the system really efficient.