Case Study: Using Purchasing Cards for Large-Dollar Purchases

The shortest distance between two points is a straight line, but that doesn’t mean it’s always the best route to take. Sometimes you need to detour; take a step back before moving forward. That strategy enabled SunTrust Bank to expand its purchasing card program transaction volume ten-fold, from approximately $100,000 a month to more than $1.1 million.

The First Step

The journey began following a study of the processes and procedures used by the bank’s accoun…