The Visa Purchasing card enables governments using traditional methods of generating, tracking, and reconciling purchases, to reduce costs by streamlining their purchasing and accounting processes.
Here’s how your government can benefit from using the Visa Purchasing card:
- More convenience, less paperwork
- Cost savings
- More control over spending
- Detailed reporting and analysis*
- Worldwide acceptance
More convenience, less paperwork
Using the Visa Purchasing card reduces the need for requisitions, purchase orders, invoices, and checks. With the appropriate front-end controls in place, government employees are empowered to make purchases without multiple levels of approval and time-consuming paperwork.
Visa Commercial Solutions can help streamline administrative processes and reduce costs. Governments can save an average of US$8 to $27 per transaction in processing costs when moving to purchasing card processing. (Source: Aberdeen Group, 2006)
More control over spending
Governments using the card can easily monitor and control expenses and set spending limits with suppliers, allowing for greater leverage to negotiate discounts. In addition, you can maintain control of employee spending without having to manually approve each transaction.
Detailed reporting and analysis*
Visa’s reporting solutions allow you to review your transaction details and reports can be selected to meet your specific needs. Data can be fed into your accounting system, providing the most current and accurate information for analyzing purchasing expenditures.
*Varies by country.
The Visa Purchasing card is accepted at millions of locations worldwide and throughout the Visa global ATM network. Best of all, you can use the card for purchasing everything from office supplies and computers to business services such as catering and employment agencies.
Contact your financial institution about the Visa Purchasing card today.