Eliminates the need for prepayment of many goods before receipt. Faster receipt of goods and merchandise based on immediate payments. The Purchasing Card Process Corporate Accounts Coordinator receives all new cards directly from US Bank. Corporate Accounts Coordinator arranges for training sessions for new Cardholder. Cardholder receives the Purchasing Card at the required training session and is authorized to make purchases.
Cardholder purchases goods, obtains receipts and arranges for delivery of goods.
When merchandise arrives, Cardholder inspects and verifies order for accuracy, quality, and price. Cardholder's purchasing process is complete. Journal Voucher Purchasing card transactions end on 24th of each month. Next business day, all transactions for the University are downloaded directly from US Bank. The transactions are processed through Banner.