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 1.800.205.3464 or email us.

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