Mary, Corporate Purchasing cards are issued by several credit card companies and have the "look and feel" of a credit card at least to the person using it and the retailer/company accepting it. Its purpose is to allow corporate use of a credit card particularly for small dollar or non repetitive purchases while enhancing the control over a normal credit card. We use this type of card for marketing people traveling with large displays and needing immediate access to purchasing power in cities all over the globe without encumbering their own Travel & Living credit card with these expenditures. We also use it for maintenance personnel who need to make purchases from merchants ranging from the local Sears or Kmart to the Mom & Pop hardware store down the street. We don't unnecessarily encourage proliferation of these cards but have found them to be useful due to the level of control we are able to set as well as the value added services the credit card company/financial institution provides. Billing can be via an 810 invoice and, at least in our case, includes the internal account number the purchases are logged against. This allows automated entry to our sub-ledgers. Management reports are also provided and facilitate the auditing of their use. Primary audit control is invested in the manager for whom the card is issued. When the card is issued a profile is generated about its use. A number of commodities are typically eliminated from potential purchase so that it cannot be used to purchase fur coats, exotic sports cars and trips to tropical vacation resorts. This can be tailored for the functions necessary depending on the person using it. We have greatly lowered the number of one time purchase orders issued for miscellaneous items thereby lowering the bureaucratic workload for our buyers on purchase where they can generally not add a lot of value. Overall it is one of the techniques we use to attack the "small dollar order problem". Does that help explain what a corporate purchase card is? Allan Bennett GE Aircraft Engines Phone: (513) 243-1767 Fax : (513) 243-0234 email: [EMAIL PROTECTED] -----Original Message----- From: Mary B [mailto:[EMAIL PROTECTED]] Sent: Tuesday, February 29, 2000 10:37 AM To: [EMAIL PROTECTED] Subject: Re: To Model Or Not- An SDO's Challenge Yes, I agree. Some of us in the US and have no idea what a "Puchase Card" is either, including me. So to ask a dumb question, what is a "Purchase Card" please? >From: Ken Steel <[EMAIL PROTECTED]> >Reply-To: Ken Steel <[EMAIL PROTECTED]> >To: [EMAIL PROTECTED] >Subject: Re: To Model Or Not- An SDO's Challenge >Date: Tue, 29 Feb 2000 23:31:53 +1100 > >Klaus. > > > > it seems that Australia is not in tune with the latest advancements in >the financial industry, otherwise > > you would have known that credit cards are different from purchasing >cards and not considered synonyms :-) > > >Klaus, > >You might have chosen to be constructive and explained the difference. >That would have been considerably less rude and substantially more useful. > >Ken >-- >Ken Steel >ICARIS Services: Brussels and Melbourne >Research results: http://www.cs.mu.oz.au/research/icaris >[EMAIL PROTECTED]; [EMAIL PROTECTED] > >======================================================================= >To signoff the EDI-L list, mailto:[EMAIL PROTECTED] >To subscribe, mailto:[EMAIL PROTECTED] >To contact the list owner: mailto:[EMAIL PROTECTED] >Archives at http://www.mail-archive.com/edi-l%40listserv.ucop.edu/ ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com ======================================================================= To signoff the EDI-L list, mailto:[EMAIL PROTECTED] To subscribe, mailto:[EMAIL PROTECTED] To contact the list owner: mailto:[EMAIL PROTECTED] Archives at http://www.mail-archive.com/edi-l%40listserv.ucop.edu/ ======================================================================= To signoff the EDI-L list, mailto:[EMAIL PROTECTED] To subscribe, mailto:[EMAIL PROTECTED] To contact the list owner: mailto:[EMAIL PROTECTED] Archives at http://www.mail-archive.com/edi-l%40listserv.ucop.edu/
