Supply Management Guide to Purchasing Cards - The suppliers view
13 September 2012
Positive thinking
The short-term cost of accepting purchasing cards can appear prohibitive to suppliers, but many have found they can turn the inevitability of their use to great advantage
Any route to better payment has to be in a supplier’s best interests. Purchasing cards, it would seem, are no exception.
The potential benefits to them are multifold: guaranteed payment within four or five days; less paperwork; more loyal spend as the customer drives contract compliance; and the chance to grow the business by being more responsive to buyers’...