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Business Purchasing Cards

Purchasing Cards

For business, non-profit, and public sector clients who want a solution that is more robust than a traditional business card, the Purchasing Card is the answer.

Many organizations use the Purchasing Card to streamline their purchasing and expense management processes by increasing spending controls, decreasing the amount of time spent on purchasing activities, and providing robust reporting and workflow tools.

The Purchasing Card, offered through Elan, is a credit card that helps companies enjoy more accurate cash forecasting, greater insight into spend and cash flows, and increased float to better leverage their cash position.

The Vendor Matching Service utilizes a client’s Excel file of vendor information and matches it to the Visa database to show which vendors accept credit cards. This convenient tool provides a way to estimate potential spend and economic benefits that can be optimized with our Purchasing Card.

Benefits

  • Single card solution
  • Reduces costs and processing fees
  • Eliminates petty cash accounts & paper-based purchase processes
  • Provides better cash flow forecasting
  • Increases payables float without damaging vendor relationships
  • Increases internal spending and processing controls
  • Accelerates delivery of purchases by enabling direct employee procurement
  • Enhances supplier management
  • Assists in reducing fraud
  • Online reporting with customizable information management
  • Client manages card program online: order new cards, change limits, etc.
  • Convenient to use (24 million locations worldwide, wherever Visa cards are accepted)

Business Card v. Purchasing Card

  Business Card Purchasing Card
Liability Personal or Corporate Corporate
Online Reporting Limited Yes
Online Card Setup and Maintenance No Yes
Online File Exports Limited Yes
Online Statements Yes Yes
Expense Report Integration No Yes
Accounting System Integration No Yes
Travel Accident Insurance Yes Yes
Lost Luggage Insurance No Yes
Dedicated Account Manager No Yes

To learn more, call us at 1.866.833.0050 or email us.

 The creditor, issuer and service provider of your Purchasing Card is Elan Financial Services.

How can we help?

Have questions or need assistance? Our Business Solutions team can help you with any business service. The team is available weekdays from 8 a.m. until 6:30 p.m. ET. Give us a call at 1.866.833.0050.

Looking for another phone number or want to submit a request online? Find it on our Contact page.