TransAct! Newsletter Discusses the Importance of Conducting a Payment Cost Analysis
Thursday, March 19, 2015
Posted by: Terri Brustad
This issue of TransAct! centers around the subject of conducting a payment cost analysis and how it can greatly benefit your organization.
Members of the NAPCP Government/K-12 Advisory Council recently analyzed their process costs, which are presented in the Benchmark Report titled, "Cost Savings: Purchasing Cards vs. Traditional Purchase Orders in the Government Sector, Edition 1.1." This report is open to NAPCP members and subscribers.
Johnny White, Manager - Supply Chain Management Projects & Analytics, Service Corporation International, was recently interviewed by the NAPCP and provided his company's experience after completing an analysis of its five payment types. The full interview can be found here.
The NAPCP website also contains an abundance of resources to help you as you conduct your own payment cost analysis as noted in the "Related Resources" section of this issue. Not just checks or P-Cards, but every payment method an organization has in place should be analyzed. With the use of a simple Excel spreadsheet, your organization can get to "wow" too!
Archived editions of the TransAct! newsletter are accessible to NAPCP members only, but an abbreviated edition of TransAct! was emailed to members and subscribers on March 19, 2015. Become a member today for complete access.