ART - NIGP Pcard survey summary 2010

The document is a summary of the 2010 Purchasing Card Benchmark Survey Results conducted by RPMG Research Corporation. The survey provides an analysis of the purchasing card market, including trends, benchmark data, and factors that contribute to program success. The report is based on over 1,900 responses from purchasing card end-users representing various sectors such as public and private corporations, government agencies, universities, school districts, and more. The survey reveals that purchasing card spending in North America grew from $137 billion to $161 billion between 2007 and 2009. The growth in corporate purchasing card spending (14.9%) was lower than the government and not-for-profit segment (20.5%). The report highlights that the growth in purchasing card spending was driven by increased card distribution, higher spending per transaction, and increased use of electronic Accounts Payable card accounts. Key growth categories for purchasing card usage include transportation and delivery services, media and advertising services, print and duplicating services, and telecommunication services. Traditional spend categories like office equipment, computer hardware, software and peripherals, and MRO goods also continue to be common targets of purchasing spending. The report predicts a 9.1% growth in purchasing card usage in 2010 and an average annual growth rate of 12% over the next five years. The document also discusses best practices of high-performance purchasing card programs, emerging topics such as the use of ghost and Electronic Accounts Payable card accounts, the integration of purchasing data into organizational databases, card program assessment and optimization techniques, and supplier relationship issues. It highlights that purchasing cards generate administrative cost savings of about $71 per transaction and reduce the procurement cycle time by approximately 12 days. The use of purchasing card data also helps organizations obtain higher discounts for goods or services and increases the share of business with suppliers accepting purchasing cards. The report provides benchmark data for government and not-for-profit entities, including state agencies, cities, and counties. It includes statistics on purchasing card program performance, such as average monthly spending and card distribution, for different sizes of organizations. Overall, the document provides a comprehensive overview of the 2010 Purchasing Card Benchmark Survey Results, highlighting the growth and trends in purchasing card usage, best practices, and the impact of purchasing cards on organizations.