IOMA's AP Tip of the Month: Growth Ops for P-Cards

More AP managers tell us that increasing the use of p-cards is the most successful AP strategy they use. In a recent survey we conducted of over 700 companies, over a third (37.7%) cite expanding p-card usage as the most successful way to enhance AP operations. This is up considerably from the 21.6% who cited this in 2003, the last time we did this survey.

The success associated with p-card program growth is not surprising because of the valuable benefits it yields. Since p-cards eliminate invoices, AP's costs associated with payment processing drops significantly. Plus, p-card rebates increase as usage increases. Of course, these rebates go right to your company's bottom line.
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