Procurement cards

This list shows some of the benefits of using procurement cards:

• Buying process is streamlined. You avoid having to create requisitions and purchase orders.
• Time and purchasing costs are reduced, especially for low-value items that you frequently buy. Buying process is streamlined. You avoid having to create requisitions and purchase orders.
• Quick payment to vendors and rebates from the card provider are maximized.
• Spending data is captured for easy reporting of both purchase orders and procurement card purchases.

The buying process is simplified because payments are made directly to the bank on a regular basis. Therefore, fewer invoices are required as compared to paying each vendor individually.