P-Card

Introduction

Purchasing Card (P-Card) account numbers are issued to employees (cardholders) responsible for making purchases or payments on behalf of their employer; for example, cardholders can order and pay for office supplies via a supplier’s website. Suppliers accept P-Cards for payment, utilizing the existing credit card infrastructure for payment processing. Transaction data is captured by a supplier’s point-of-sale (POS) system and transmitted through the card network.

BusinessPlus Procurement Card (P-Card) module facilitates use of procurement cards by providing accounting controls and transparency into purchases, while simplifying the process for cardholders, reconcilers, and approvers. Additional visibility into purchases and financial impacts to budgets are seamlessly integrated with BusinessPlus for the most timely and accurate information for stakeholders.