Benefits of the Procurement Card
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The PCard benefits the cardholders, the department and the University in the following ways:
- Manages small dollar payments to Suppliers
- Reduces the need to submit requisitions and issue purchase orders;
- Reduces the need to use personal funds and submit expense claims;
- Provides immediate access to suppliers' products and services;
- Provides convenience and flexibility as the card is accepted worldwide ;
- Provides the same level of security as personal credit card;
- Increased efficiency and lowers overall transaction cost(s).