Purchasing (or procurement)cards are designed to:

Question

Quizplus · Accepted Answer

Purchasing cards are specifically designed to reduce the administrative cost and time associated with low-dollar indirect purchases, typically under $5,000. This is done by allowing employees to make purchases directly from suppliers, rather than going through the traditional purchase order process. This helps to streamline the procurement process, reduce paperwork and administrative costs, and improve spend management. Purchasing cards are not typically used as a way to combat check fraud, outsource accounts payable or disbursement operations, or eliminate nonearning cash balances, although they may have some additional benefits in these areas.

Purchasing (Or Procurement)cards Are Designed To