How does my company/corporation benefit from the Corporate Purchasing Card Program?
Savings/Reduction of Costs The typical American Express® Purchasing Card Process eliminates the need for requisitions, purchase orders and invoices for most non-capital expenditures, reducing process costs by up to 80% Purchasing can look toward a consolidated supplier/vendor management system, which will assist with supplier negotiations and pricing improvements. Saves Time/ Increased Productivity The Corporate Purchasing Card provides a streamlined approach, reducing the number of purchase orders and time-consuming administrative processes. Clients receive one summary electronic VAT invoice for all Cardmembers. This eliminates the manual process of matching invoices and purchase orders. Cardmembers are responsible for reconciliation of their spending reports. Clients make one consolidated payment to American Express versus multiple supplier payments. Cardmembers can order directly from suppliers, reducing the time it takes to receive goods and services. Accounts Payable, Purchasing a
