Industry data confirms that 90% of corporate transactions are for $5,000 or less and are done in the "traditional" way, which is paper-intensive and costly. Traditional purchase order processing can add as much as $50 - $150 per transaction.
Purchasing cards are specifically designed to provide business owners with an ability to streamline, analyze, monitor and controll small dollar business to business purchases. If your business purchasing volume is at least $250,000 annually, this may be your solution!
- Can save 50% - 90% of purchasing costs
- Improves Purchasing staff productivity
- Enables faster receipt of goods
- Eliminates data entry by Accounts Payable staff
For more information, contact a Business Banker near you.