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Old 08-12-2009, 12:20 PM
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Default P - Cards

Biggest pitfall in the P-cards is control or 3 way match. We use P-Cards for non-essential procurement and with small value. Finance has issued P-Cards to Users and well as Procurement staff but users when using P-cards don't need to raise a requisition. P-Card statement is approved by the Department Head. Whereas, Procurement using P-cards requires that User raises a requisition and seek approval. Procurement raises a dumpy PO issued to self (company) and GR is made against that PO and material issued out. This way, we are able to maintain control on the spend.

Caji Mendonca
Director, Procurement
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