Lessons Learned in Developing and Implementing a Purchasing Card Policy

Description: An effective Purchasing Card policy can be a critical success factor for any PCard program. While the investment in time and resources to create a new policy (or update an existing one) can be significant, the resulting benefits can result in better controls and more satisfied cardholders.

This Peercast will feature a company that has recently implemented a new PCard policy and they will share the experiences and key learnings they had in carrying out this type of initiative.

Peercast Poll Results

Poll Title: Purchasing Card Policy Updates and Training

Background: An effective Purchasing Card (PCard) policy can be a critical success factor for any card program. While the investment in time and resources to create a new policy (or update an existing one) can be significant, the resulting benefits can result in better controls and more satisfied cardholders. This poll looks at the time period for reviewing the PCard policy at companies and methods used for training employees in the use of the PCard.

Poll Question: How often is the Purchasing Card policy at your company reviewed for changes/updates?


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  Annually 26%
  Every 2 years 13%
  Every 3 years 0%
  Every 4-5 years 4%
  Less often than every 5 years 0%
  There is no regular time frame 57%
  Not Applicable 0%

Poll Question: What method is most commonly used at your company to train employees on the use of the Purchasing Card?


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  Classroom training 0%
  Online tutorial 42%
  Employees read the policies and guidelines independently 46%
  Training by manager or co-worker 8%
  Other (Please Comment) 4%
  Not Applicable 0%