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How many business decisions are made each week without access to the correct information?
How much time is wasted by your business community as they delay making decisions?
How much more effective could your business network be if decisions were made at the right time with the right information?
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If ever you doubted the need for purchase card consultancy, read our case study from Essex. As a direct result of our engagement with Essex, the Council is slated to make savings of over £673,000 from the use of purchase cards. Our work has helped Essex to integrate cards into their existing e-procurement system, issue more cards and implement a new card management tool. Download the case study |
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Although more and more suppliers are developing the facility to accept card payments, there are still many who do not. Some suppliers may not be able to offer line item detail or VAT evidence through their card facility. Ticon can use their expertise to help clients engage with and recruit suppliers who are not currently enabled for cards, or for detailed data. Our knowledge of procurement and the acceptance market gives our clients a better chance of bringing critical suppliers and data on board. |
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It is important, once the cards are in use, that the programme be effectively monitored. Rigorous and regular monitoring makes it possible to optimize use of the programme, ensure contract compliance, reduce the risk of fraud, and recover the time and cost savings benefits that the programme provides. |
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Most organisations know that they can get more out of their card scheme, but they can often be scared that they'll somehow loose control of their spending. Procurement managers assume that more cards means more maverick spend and finance managers assume that more cards means fraud. |
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Purchase Cards 
Details of our review of purchase cards in Essex. Working with Visa and Barclaycard, our case study shows how prepaid cards will save Essex £673k per annum, mainly through integrating cards into their e-procurement systems.
Do you know whether any of your critical suppliers are over-exposed to debt? Is the functioning of your organisation at risk if one of your suppliers fails?