A Five-Pronged Approach to Grow Your P-Card Program
April 2005
Main Article
Once they finally get their p-card program up and running, accounts payable managers often get a directive to expand it. Why? Usually it’s because management that was reluctant to give permission to use p-cards in the first place now wants to reap additional benefits. Sometimes they see it as a way to solve workflow capacity issues in accounts payable. And, let’s face it—the more low-dollar purchases are transferred from the invoice process to the p-card, the more efficient the accounts payable department will become. Speaking at an IOMA audio conference, the National Association of Purchasing Card Professionals’ Lynn Larson shared a five-pronged approach that can be used.
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