View more industry press releases
PayStream Advisors Teams with NAPCP on 2013 Electronic Payments Survey
Survey data will be published in the upcoming PayStream Advisors Q3
Purchasing Card report
2013) PayStream Advisors, Inc., a
leading independent research and advisory firm today announced the release of
the 2013 Electronic Payment survey.
PayStream is joining forces with NAPCP, the Professional Association for the
Commercial Card and Payment Industry to promote the survey to increase data
that will be utilized to create the 2013 Purchasing Card report.
The Electronic Payments survey can be quickly accessed online. The survey takes approximately 5 minutes to
complete and is targeted towards Accounts Payable, Procurement, and Shared
Service managers, CFO’s and Finance directors who understand basic concepts and
opportunities around automation and are interested in solving the paper
intensive document management process in their AP departments.
will be open for respondents to complete until July 31, 2013. Survey results will be analyzed by PayStream
Advisors and data will be published in the upcoming Purchasing Card report. This report will feature
current statistics, trends, benefits, and useful tools on how to get a
Purchasing Card program up and running or how to maximize a program already in
The primary objective of the Purchasing Card report is to
increase corporate AP and purchasing managers’ ability to distinguish between P-Card
technology solution providers and the various solutions that they offer. The
secondary objective is to help solution resellers and integrators further
develop and differentiate their solution sales through comparative assessment
with other technologies and solutions.
number of check payments are still being made for low-value/high-volume
items, creating a costly, inefficient process. The Purchasing Card report will examine
the different types of P-Cards and how organizations utilizing cards are
achieving savings ranging from 50 – 80 percent, simply by moving certain transactions
from check to card.
P-Cards streamline the Procure-to-Pay cycle, allowing organizations to procure
goods and services quickly, reduce transaction costs, track spending and
improve compliance, capture supplier discounts, reduce or eliminate petty cash,
and more. With the increased use of P-Cards, low-cost transactions that
were previously thought to be inappropriate for P-Cards are now being managed
through a P-Card program and companies are able to reap the benefits at an
earlier phase in the supplier relationship.
topics that will be covered in the upcoming report include:
Purchasing Card report will be published in the third quarter of 2013 and will
be accessible via PayStream and the NAPCP website.
Solution providers interested in report sponsorship can contact Mark
Colwell at PayStream Advisors.