Purchasing Card
The Cadence Purchasing Card is the building block for a synchronized company-wide procurement process. This complete travel and purchasing instrument combines the function and control of a purchasing card with the flexibility and power of a travel and entertainment (T&E) card. It’s a simple yet highly beneficial tool for authorized employee purchases that:
- Eliminates complications and ensures compliance in tracking and reconciling purchases
- Fully integrates employee purchases into a payables process for all your purchasing and general expenditures
- Provides cost savings by decreasing costs associated with the processing of checks, invoices and purchase orders
- Streamlines transaction management by eliminating purchase orders, invoices and checks while enabling the review, reconciliation, modification and approval of transactions 24/7
- Improves management reporting so you can analyze spending data by expense type, Merchant Category Code, geography and more
- Offers greater security and control over employee T&E spending and reimbursement by setting limits and guidelines at multiple levels
- Automates data capture by delivering enriched information available for cost allocation and integration into your accounting platform
Cadence Purchasing Cards provide:
- No annual card fees
- Liability Waiver Protection program
- Automatic travel accident insurance and emergency travel services
- Flexible authorized system and cardholder spending controls
- Fully automated reporting and complete expense management
- No cost online web-based card management tools
- Corporate billing or corporate billing with flexibility for individual billing
- Tax and compliance management support
- 24/7 client service
Contact our treasury management team to learn how purchasing cards can help your business. If you have an existing business banking relationship with Cadence, contact your Business Banker.
