P-Cards Expanding Their Scope in Canada
Wednesday, June 24, 2015
The Canadian Purchasing Card market is growing, according to an article in the June edition of PurchasingB2B magazine—and much of the increase has been due to wider use of P-Cards from existing users, rather than first-time adoption.
"P-Card use has expanded way beyond traditional plastic card usage by employees for the purchase of goods and services," Patrick Sulston, vice president at MasterCard Canada, told the magazine.
Increasingly, P-Cards are being used by accounts payable departments as a strategic payment method for more expensive transactions. NAPCP Manager of Content Services Terri Brustad told PurchasingB2B that a lot of this strategic spend is being done through ePayables.
"ePayables is an enhancement to the card program," Brustad said. "It's a way of capturing larger ticket spend."
PurchasingB2B also examines how P-Cards help organizations save money, and cites the 2015 NAPCP report "Cost Savings: Purchasing Cards vs. Traditional Purchase Orders in the Government Sector" (available online to NAPCP members and subscribers). The report lays out several examples of government organizations that are realizing financial benefits from utilizing P-Cards.
Click here to access the full PurchasingB2B article.
For more on the Canadian P-Card market, you won't want to miss the 2016 NAPCP Canadian Commercial Card and Payment Conference, coming Jan. 20-21 to Toronto.
The conference will feature:
- Breakout Sessions exploring key strategies and tactics that result in effective and efficient business-to-business payments
- Product Demonstrations from sponsors and exhibitors—showcasing products, technology and services critical to end-user success
- Rich networking opportunities among the end-user and sponsor communities