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PayStream Advisors Teams with NAPCP on 2013 Electronic Payments Survey

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PayStream Advisors Teams with NAPCP on 2013 Electronic Payments Survey

Survey data will be published in the upcoming PayStream Advisors Q3 Purchasing Card report

(July 2, 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.

The survey 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 place.

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.

A large 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.

P-Card report topics that will be covered in the upcoming report include:

  • Corporate Card/Travel Card
  • One Card
  • Fleet Card
  • Ghost Cards
  • Single Use Card
  • Virtual Cards

The 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.


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