The National Association of Purchasing Card Professionals has recently updated two popular resources to stay current with Purchasing Card industry and regulatory changes.
Purchasing Card Best Practices: The Key Elements of Building a World-Class Program, provides a blueprint for developing a new P-Card program or evaluating whether an existing program addresses the right elements. The newly released third edition of this NAPCP classic—available to NAPCP members—consists of 12 pages, offering a quick read to jump-start organizations' efforts to get on the right path. It covers the stages of program: exploration, design, partnership, preparation, implementation and management.
Purchasing Card Essentials: The NAPCP's Guide to Establishing and Managing a Program (second edition, version 2.1) includes updated information related to 1099 reporting requirements and debit interchange regulation in the United States. With 170 pages and 12 chapters, Essentials supports organizations' implementation and program management processes every step of the way. It also helps clarify differences between traditional P-Cards and the new electronic payments solutions. Many organizations have added this manual to their library of learning and reference tools as "one-stop guidance"—especially helpful for new employees added to a P-Card team. The guide is available for purchase at www.napcp.org/P-CardEssentials (NAPCP members, $159; non-members, $209).
Lynn Larson, NAPCP Education Manager, observes, "Every organization has room for P-Card program improvements and should not be lulled into accepting all 'typical' practices as best practices. Both resources steer readers toward evaluating the critical elements of P-Card program infrastructure. Chances are, organizations have ample opportunities to make improvements to these elements that will lead to rewards like increased efficiencies. With a solid foundation in place, program expansion could follow to further maximize the benefits of card payments."