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P-Cards Travel Different Roads to the Same Efficiencies

Implementing a purchasing card program is no longer the final destination, but rather an important cog in a company's overall procurement strategy

By Richard Gamble | Updated on August 01, 2004

In the beginning–that is, about a decade ago when purchasing cards were first being introduced–all p-card programs were created with the same goal in mind: Cut the absurdly high cost of processing purchases. Back then, companies were spending more, in many cases, to process the buying of little things than they were spending for the goods and services themselves. This fiscal madness had to be cured quickly, and p-cards offered the best available medicine.

Cookie-cutter programs proliferated, and in a competitive marketplace, issuing banks and card associations jockeyed vigorously for position by touting a variety of bells and whistles. At the end of the day, the differences were superficial, and best practice was essentially defined by the speed and efficiency with which a program could be implemented.

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