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In recent years, travel and entertainment (T&E), fleet, and purchasing cards have dramatically changed the corporate procurement environment. They’ve helped minimize the need for cash advances,
… Read MoreIn today’s technologic age, it’s not surprising that technology plays a key role in a successful commercial card program. It’s also not surprising that technology, and specific elements
… Read MoreIn the mid-1990s, many companies began examining their financial processes: purchasing, accounts receivable, and accounts payable. Part of what they found was that their costs well exceeded 2- to 3
… Read MoreFor North Carolina’s Wake County Public School System (WCPSS), what once took weeks now takes hours. A purchasing card program implemented in 1999 has enabled the school system to streamline its
… Read MoreWhen purchasing cards blossomed onto the landscape in the mid-1990s, the strategy behind the concept was pretty straightforward. It was based on the assumption that the cost of purchasing an item
… Read MoreMany businesses have implemented purchasing card programs but the question is, are those initiatives successful? “A big mistake that companies make when they put a purchasing card program in place
… Read MorePurchasing cards originated in the late 1980s and began to catch on in the mid-1990s as a financial re-engineering tool to streamline accounts payable processes. Originally targeted for small-dollar
… Read MoreCan an Invisible Purchasing Card Reduce Costs for Your AP Department? Payment automation has long been the goal for accounts payable departments drowning in a sea of paper invoices. Corporate
… Read MoreWhat are you waiting for?