{"id":2138,"date":"2015-04-20T21:47:51","date_gmt":"2015-04-20T21:47:51","guid":{"rendered":"https:\/\/www.peeriosity.com\/shared-services\/articles\/?p=2138"},"modified":"2022-08-09T09:53:35","modified_gmt":"2022-08-09T09:53:35","slug":"strategies-to-simplify-the-purchasing-card-process","status":"publish","type":"post","link":"https:\/\/www.peeriosity.com\/shared-services\/articles\/2015\/04\/strategies-to-simplify-the-purchasing-card-process\/","title":{"rendered":"Strategies to Simplify the Purchasing Card Process"},"content":{"rendered":"

Whether you are implementing a new Purchasing Card program or expanding one that is already in operation, one of the greatest challenges is getting the balance right between necessary business controls and the associated cost and complication of compliance, ease of use issues, and expanding penetration to cover a greater percentage of low-dollar purchases. The good news is that with some careful planning, along with a close look at the approaches followed by your peers, it is likely that improvements in both ease of use and penetration can be made without sacrificing business controls<\/a>.<\/span><\/p>\n

During a recent PeercastTM<\/sup> in Peeriosity\u2019s Corporate Card research area<\/a>, a member company shared its approach to simplifying the Purchasing Card process.\u00a0 Their implementation has experienced significant success \u2013 the $3B building products company with 10,000 employees has roughly 1,500 cards issued, with 25,000 transactions per month and an average spend per transaction of USD $350.<\/span><\/p>\n

One simplification opportunity discussed was to handle the card administration effort more efficiently.\u00a0 Here are some examples:<\/span><\/p>\n