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<a href="http://www.accessmylibrary.com/coms2/summary_0286-19865252_ITM" title="Facts and information about From paper to plastic: how to design and implement a purchasing card program.">From paper to plastic: how to design and implement a purchasing card program.</a>
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From paper to plastic: how to design and implement a purchasing card program.
Governments have struggled for years to find an efficient, cost-effective solution to the problem of small-dollar purchases. Studies have shown that on average, 80 percent of purchasing transactions account for only 20 percent of total dollars spent. Translation: most governments expend a significant amount of resources processing transactions that add very little value to the organization.
In the typical purchasing process, for example, departments or divisions initiate a purchase order, which is then processed by purchasing and forwarded to accounts payable where it is entered into the accounting system. A paper check is prepared and issued, which, once it ...
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Source: HighBeam Research, From paper to plastic: how to design and implement a purchasing card...