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Purchasing Card

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Focus Area: Purchase to Pay
Publication Date: 09/15/2013

Introduction

PayStream Advisors is developing a vendor analysis and buyer's guide for finance professionals who are seeking information regarding purchasing card (P-Card) solutions.

A large number of check payments are still being made for low-value / high-volume items, creating a costly, inefficient process. This report will examine the different types of p-cards and how organizations utilizing cards are achieving savings ranging from 50 – 80 percent, simply by moving certain transactions from check to card.

P-cards streamline the procure-to-pay cycle, allowing organizations to procure goods and services quickly, reduce transaction costs, track spending and improve compliance, capture supplier discounts, reduce or eliminate petty cash, and more.  With the increased use of P-Cards, low-cost transactions that were previously thought to be inappropriate for P-Cards, are now being managed through a P-Card program and companies are able to reap the benefits at an earlier phase in the supplier relationship.

P-Card Report Topics Covered will Include:

• Corporate Card / Travel Card
• One Card
• Fleet Card
• Ghost Cards
• Single Use Card
• Virtual Cards

Audience

AP managers, purchasing managers, shared services managers, VP-Finances, CFO's and IT directors at medium to large companies who understand basic concepts and opportunities around automation and are interested in solving the paper intensive document management process in their AP departments. This report is targeted to individuals looking for detailed P-Card information to help identify and select an appropriate solution to meet the organization’s needs.
Objective

The primary objective of this report is to increase corporate AP and purchasing managers’ ability to distinguish between P-Card technology solution providers and the various solutions that they offer. The secondary objective is to help solution resellers and integrators further develop and differentiate their solution sales through comparative assessment with other technologies and solutions.
Scope

The report will cover vendors in the purchasing card space (as shown in Figure A) who have developed a targeted product portfolio for Accounts Payable automation.