Purchasing Card (P-card) Benefits and Tips for Success

An increasingly popular practice in the payments arena is the use of Purchasing Cards (P-cards). P-cards enable AP to cut down on administrative costs, eliminate paper, and capture lucrative discounts offered by vendors for early invoice payment. NAPCP, a membership-based professional association committed to advancing Commercial Card and Payment professionals and industry practices, defines a Purchasing Card/P-card as “a type of commercial card that allows organizations to take advantage of…