Overcoming p-card hurdles

Article Abstract:

Research and careful planning are the key to a successful purchasing card program. Treasurers should be prepared to create a task force, retool operations and retrain their workforce when initiating a program. Once the proper groundwork has been laid out, a pilot program can be launched. If the test program proves to be effective in terms of dollars per transaction or percentage decrease in transactions on accounts payable, a purchasing card program can then be implemented. Vendors should be apprised that such a program will facilitate payment, and reduce paperwork and telephone calls.

Practice, Purchasing departments

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Flipping forward

Article Abstract:

Richland, WA-based Flour Daniel Hanford, a subsidiary of Flour Corp., used to be a two-card company whose travel, entertainment and other purchasing card (p-card) transactions were handled by American Express and Bank of America. However, the company dropped the two p-card providers when p-card administrator Edward Foss realized the possibility of getting a better deal. Hence, Hanford settled for a single contract with a division of Banc One Corp. which offered a better rebate schedule.

Construction, Construction industry, Engineering services, Engineering firms, Credit and debit card industry, Credit card industry, Flour Daniel Hanford

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Cash rich with few freedoms: lessons in conservative investing from public treasurers overseeing revenue surpluses

Article Abstract:

Public treasurers often have to contend with restrictive investment regulations and some have been forced to think creatively to be able to generate good returns on public money. Treasurers sometimes have to contend wit restrictive state regulations that they resort to investing in other states to generate enough returns. Investing in their respective states could generate small returns and could be very frustrating.

Investment Banking and Securities Dealing, Investment Banking, Security brokers and dealers, Methods, Analysis, Investment banks, Public finance, Trade policy, Financial analysts, Commercial policy

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