MasterCard Corporate Purchasing Card Streamlines Process

2007-11-09 05:11:17

( Financial )



With competitive pressures getting more intense, credit card companies and issuers have introduced a host of product innovations to meet the varying needs of different segments in the market. For the business sector, their needs are being met through various types of corporate business cards.

Generally, using a corporate card instead of your personal credit card allows you to maintain a separate record of business expenditures from your personal expenses. By charging your business purchases through your MasterCard corporate credit card, you can easily track and reconcile all the transactions.

To provide more comprehensive services to the corporate market, one convenient, all-in-one tool is the MasterCard corporate purchasing card. The MasterCard corporate purchasing program gives corporations the facility to integrate purchasing processes and achieve more efficiency.

Purchasing in any business is one of the most document-intensive processes. It involves sub-processes like preparing requisitions, filling out purchase orders, tracking deliveries, sorting out invoices and other details. The MasterCard corporate purchasing card streamlines all of these processes for your business.

Among its many features, one popular aspect is the element of control. You can assign MasterCard corporate purchasing cards to employees or departments. You can set control points, such as purchase limits on per month or per transaction basis, or both, and ceilings on the number of transactions, per day or per month or by the particular type of supplier.

For you as the business executive, it makes your decision and control process easier because of the built-in checks that you stipulate at the time you apply for the MasterCard corporate purchasing card program. For your employees, they will feel empowered to make purchases when necessary without having to run to you every time for a decision.

All transactions in every copy of the MasterCard corporate purchasing card will be recorded and posted to a ledger, so full accountability is maintained.


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