DOCUMENT

ART - Improving P-Cards and P2P Processes 2012

  • YEAR CREATED: 2012
  • ENTITY TYPE: Scholarly Publication
  • TYPE OF DOCUMENT: ART - Article, Paper, Review, Survey, Report
The document discusses the importance of optimizing the procure-to-pay (P2P) process in government agencies to reduce costs and improve efficiency. It highlights the benefits of using purchasing cards (p-cards) for low-value transactions and emphasizes the need to eliminate inefficiencies in the P2P process. The document also mentions the lack of awareness about current process costs among organizations and the importance of evaluating the ease of use and restrictions of p-cards. It compares the savings from traditional P2P processes to those from p-card processes and emphasizes the need for careful planning and coordination between p-cards and electronic payables solutions. The document concludes by suggesting that organizations should focus on process savings rather than revenue share (rebate) and should have guidelines for determining the appropriate payment tool for different purchases.
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