Clients share one major concern when they consider a procurement card programme: “Will we not expose the company to card fraud and abuse?” Fraud and abuse are a reality in business and procurement card controls, such as expenditure limits and only from specific suppliers, can help prevent card fraud. However, a procurement card does […]
Can credit cards limit procurement fraud-risk? Surprising answers… Read More »
“In my experience the best explanation is an example of what happens when a procurement card (P-Card) is NOT used,” says Anita Carolus, Nedbank Corporate Card National Sales Manager, in this month’s SmartProcurement. One of Carolus’s clients is the Limnology (Freshwater Science) Department of a university. This research department is headed by an emeritus
Does your organisation qualify for procurement card benefits? Read More »
When Anita Carolus, Nedbank Corporate Card National Sales Manager, speaks to clients about setting up a procurement card programme, the inevitable question arises: ‘Where do we start?" A good way of looking at this is from the bottom up, she says.
Adopting procurement cards? Work from the bottom up Read More »
Procurement Cards (P-Cards) are rapidly gaining acceptance in South African business circles as an efficient way of managing expenditure with company-approved vendors on low-value/high-volume transactions. When implementing a P-Card programme within your company there are a few things that should be noted, advises Kgomotso Ntsimane, Marketing Manager for Nedbank Corporate Issuing, in this month’s SmartProcurement.
Implementing purchasing cards? Keep an eye on… Read More »
According to the latest available research South Africa still lags, and considerably so, the UK and USA in adopting the Purchasing Card (P-Card) as a preferred tool for managing several expenditure categories such as maintenance, repair and overhaul, travel and entertainment. This is despite the fact that the P-Card has proven to be a boon
Adopting purchasing cards – what’s stopping you? Read More »
The use of purchasing cards in organisations is fast becoming the accepted method of paying for day-to-day and once-off organisation purchases. One of the questions prospective users ask is, “will we not be opening up the company to fraud and abuse on the card?” This is a valid question to the uninformed, but could not
Using purchasing cards to control company fraud Read More »
Nedbank Corporate Card has launched a value-added expenditure management service. The information and expense management tool is designed to help companies control expenditure; identify savings; and streamline expense approval processes while ensuring corporate compliance. Called Visa-Intellilink Spend Management (‘Visa-IntellilInk’) it will enables Nedbank’s Visa Corporate cardholders to manage their transactions online, 24 hours a day.
Nedbank procurement card launches expenditure management service Read More »
In today’s business world companies are cognisant of the cost of procurement. Traditional procurement processes tend to exacerbate the cost of purchasing company supplies. One government department realised, after doing an assessment of its procurement costs that it was incurring an expense R730 to obtain a padlock worth R9,80. Modern organisations are moving towards the
Demystifying corporate procurement cards Read More »
We’re into September, which leaves you only four months to meet your savings targets for the year. Where can you deliver savings in the remnants of 2011? There are still cards in your hand, in this month’s SmartProcurement. “There are four levers to pull in relation to cost savings,” says Larry Beard of Tate &
Quick wins to boost this year’s savings Read More »
An organisation’s banking partner should be dealt with like any strategic supplier, Julian Curtiss, MD of Transaction Technology Solutions, tells SmartProcurement. “Maybe I’m missing a point somewhere, but the more I think about it, the more I feel that banks are highly overrated. Aristotle wrote: “it is the mark of an educated mind to be
Banks are just another supplier Read More »
