04-07-2015, 06:33 AM
Q
What is a pCard?
A
The pCard (purchasing card) program is similar to a credit card and is designed to streamline the payment process for small purchases. It replaces the labor-intensive purchase order system by allowing employees to charge small purchases from vendors without having to prepare a purchase order and subsequently processing an invoice. The cards are the property of the government and are issued to responsible, trained employees to make official purchases. The pCard program improves management controls, provides expenditure data, increases purchasing efficiency and allows payment to vendors by the card issuer generally within a few days of purchase.
Note that the pCard is a method of payment and does not replace procurement procedures.
What is a pCard?
A
The pCard (purchasing card) program is similar to a credit card and is designed to streamline the payment process for small purchases. It replaces the labor-intensive purchase order system by allowing employees to charge small purchases from vendors without having to prepare a purchase order and subsequently processing an invoice. The cards are the property of the government and are issued to responsible, trained employees to make official purchases. The pCard program improves management controls, provides expenditure data, increases purchasing efficiency and allows payment to vendors by the card issuer generally within a few days of purchase.
Note that the pCard is a method of payment and does not replace procurement procedures.