Procurement Cards Archives - Page 3 of 5

A P-Card is only as effective as the training its user receives

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A crucial but frequently overlooked aspect of any purchasing card (P-Card) programme is cardholder training: it enables the cardholder to use the card as the company intended, explains Anita Carolus-Opperman, Nedbank Corporate Card National Sales Manager, in this month’s SmartProcurement. Training styles will differ from company to company, but here are some basic considerations […]

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The Kraljic Model can identify expenditure fit for P-cards

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Ad hoc expenditure is a big headache for any organisation and procurement division: these low-value, high-volume purchases can erode budgets if processed through traditional P2P. While the solution is to introduce a purchasing card (P-card) programme, how does one determine which expenditure to put on a P-card? A simple and effective way of segmenting

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4 benefits of P-Cards that drive strategic procurement

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The days when procurement was merely another support function are long gone. Organisations are becoming more aware that procurement is vital to adding value for the company and its customers, and should, therefore, be part of the overall corporate strategy, explains Anita Carolus-Opperman, Nedbank Corporate Card National Sales Manager, in this month’s SmartProcurement. P-Cards

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Driving procurement card adoption through policy

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How can companies ensure that they get the best out of their procurement card programmes? “By having a good procurement card policy in place,” explains Anita Carolus, Nedbank Corporate Card National Sales Manager. The greater visibility and control that these programmes offer, as well as regular review and reconciliation of spend on a procurement

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A procurement card differs from a credit card

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How does a procurement card differ from a company credit card or a charge card? Anita Carolus, Nedbank Corporate Card National Sales Manager, explains in this month’s SmartProcurement. Even though procurement cards are physical pieces of plastic that allow spend, they are different from credit cards in many key aspects: • Procurement cards simplify low-value,

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Pcard’s main purpose is to save you money…

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While procurement card programmes have many noteworthy benefits, as outlined in previous SmartProcurement articles, ultimately their role is to save you money, says Anita Carolus, Nedbank Corporate Card National Sales Manager. A procurement card programme helps lower costs in the following ways: • Streamlining the P2P process. One of Carolus’s big university clients has

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Government could police spending cuts with a P-card system

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Scepticism around government’s severe cuts to perks and expenditure, and whether these will really work, has been further fuelled by recent instances where members of public office have not adhered to the Finance Minister’s spirit of cost-cutting. With the public’s patience wearing thin, government should consider a procurement card programme to curb expenditure, and

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P-card transactions facilitate in-depth spend analysis

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The accuracy and relevancy of data in organisations is becoming more important. With more spend being moved onto cards, data on card transactions is quickly becoming a necessity, finds Anita Carolus, Nedbank Corporate Card National Sales Manager, in her interactions with clients.

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P-cards can ‘doctor’ your headache payment areas

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After implementing a P-card programme to replace petty cash, and if the programme is working well, clients often ask: “where do we go from here?” Anita Carolus, Nedbank Corporate Card National Sales Manager, suggests that clients investigate all their payment processes and expand their P-card programmes into their ‘headache’ processes or problem areas. This

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Petty-cash a great proving ground for P-cards

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When beginning a procurement card (p-card) programme initially use the card only for petty-cash purchases as it is easy to set up and is a quick way for clients to see how it works and how they can benefit from the programme, advises Anita Carolus, Nedbank Corporate Card National Sales Manager, in this month’s

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