{"id":2574,"date":"2025-05-01T05:55:34","date_gmt":"2025-05-01T05:55:34","guid":{"rendered":"https:\/\/www.demo-xpressranking.com\/soltecinc\/?page_id=2574"},"modified":"2025-05-02T10:48:28","modified_gmt":"2025-05-02T10:48:28","slug":"purchasing-card","status":"publish","type":"page","link":"https:\/\/kpltechsolution.us\/soltecinc\/purchasing-card\/","title":{"rendered":"Purchasing Card \u00a0"},"content":{"rendered":"\t\t
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Purchasing Card \u00a0<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Purchasing Card\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Executive Overview<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Soltec has experience in implementing Purchasing Cards across many industries including Automotive, Chemical, Semiconductors, HVAC, Grocery Products, Retail, Pharmaceutical. This experience allows Soltec to design a Purchasing Card program to fit virtually any specific needs that an organization may have.<\/p>\n

The Purchasing card is the most efficient method for purchasing low value materials and services which allows end users to place orders directly with suppliers without the involvement of Purchasing, Receiving, and Accounts Payable functions.<\/p>\n

To begin the P-Card process, the purchasing organization selects preferred suppliers to provide specific low value items. The purchasing organization & treasury set up the P-Card program in accordance with company-determined policies & procedures. The purchasing organization provides company requisitioners w\/ authorized charge number; no physical cards are necessary. Requisitioners use their charge numbers for purchase authorization, instead of purchase order or blanket release documents. No approval is required for these low value purchases. Each requisitioning activity maintains a log of low value purchases to compare w\/ the bank charge statement for accuracy. The administering bank pays the suppliers for the low value purchases and sends\/transmits a bill to the company\u2019s accounting department. The company\u2019s accounting department pays the administering bank and charges each requisitioning activity\u2019s low value purchases to the activity\u2019s expense budget. The P-Card enables department end-users to order directly from suppliers without requisitions, purchase orders, invoices, or approvals.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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IMPACTS<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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