We’ve written several times about the problems with company credit cards. P-cards go by a range of different names:Įven if there are slight differences between some on that list, they’re all a more modern alternative to traditional corporate credit cards. And as we’ll see, modern P-cards also provide certain functionalities that traditional corporate cards can’t, making them a better fit for the job. Also known as procurement cards, they let employees purchase what they need quickly and efficiently, and record all the most important transaction details as they go.įor this reason, purchasing cards are a far more efficient way of dealing with smaller company payments than typical procurement methods. Purchasing cards let employees spend at work without having to go through the formal purchasing or accounts payable process.
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