Purchasing Cards or Pro Cards improve cash fow and lower costs.
As big businesses and government revamps the traditional purchasing process, they look for suppliers and vendors that accept Purchasing Cards.
Organizations are searching for new ways to decrease operating costs and increase employee productivity. The Purchasing Card process is becoming a standard with Government and large corporations. Complex, time consuming, and excessively paper intensive, the traditional purchasing order process unnecessarily inflate costs.
Visa & MasterCard Purchasing Cards simplify a complex system.
Increasingly, companies are distributing Visa and MasterCard Purchase Cards to help reduce the high costs of purchases. The reason is simple: purchasing cards streamline the complicated purchase order process. They eliminate the time and paperwork associated with requisitions, approvals, and processing of supplier invoices.
Business does business with Purchasing Card accepting venders and suppliers.
Corporations and Government entities that have discovered the economic advantages of buying supplies and services with Purchasing Cards and are looking for suppliers that welcome this form of payment. So there has never been a better time to begin accepting Purchase Cards.
Say " YES " to Purchasing Cards and your bottom-line will benefit.
Accepting Purchasing Cards improves your cash flow and reduces your costs.
You know that it can sometimes take 30, 45, or even 60 days following invoicing to receive payment from your commercial customers. By accepting Purchasing Cards, that time is significantly accelerated to just two or three days. In addition to improving your cash flow, Purchasing Cards acceptance eliminates the need to continually invoice your customers, thus reducing your administrative costs. A simple software program, makes it quick and easy to enter transactions for anyone.
The average number of days suppliers wait for payment on an invoice is 45 days.
Industry statistics indicate that it costs a supplier up to $125 to produce an invoice, mail it, process the incoming payment, and perform the payment reconciliation. These unavoidable expenses add significantly to your costs of doing business.
When you accept Purchasing Cards as payment for goods and services you avoid the high costs of billing and collection. Because you receive payment directly from your bank. And that can only add to your profitability.
What could be easier than entering the PO Number and the credit card information to receive payment.
Call now, get started setting up your Purchasing Card account today.