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Using your purchase card scheme, you can deliver payments to suppliers in 4 days with no cost to your organisation. Do you realise that over 40% of the suppliers who generate the most invoices will accept payment by Visa? Paying by card means that the supplier gets paid in 4 days. Using a card will boost to the number of suppliers you pay within 10 days. Because the buyer settles with the bank at the end of the month, there is no lost interest for paying early. Around 25% of all the invoices you process are worth less than £500 and could be paid using a card. That means 25% less paper invoices and 25% less work in your accounts department. |
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Procurement cards are not only an excellent way to save staff time and money, but they can also be used to help support local economies; an especially salient use in the current economic climate. |
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Purchase Cards 
This report marks the fifth year of Ticon’s compiling and publishing of the Government Procurement Card annual report. 2008 accounts for over £165m savings across over 1,300 active programmes in the UK public sector, 
We have the knowledge and expertise to help improve your procurement function. Our detailed understanding of supply chains and procurement governance means that we can provide the support you need to improve your purchasing.