Purchasing card
Providing process efficiency with heightened control, organisations can drive greater cost savings and supplier data management with an integrated e-procurement card solution.
Benefits to your organisation
- Creating working capital and cash flow efficiencies: Extend your organisation’s cash management cycle and optimise the use of working capital by extending settlement of purchases via interest free payment periods
- Reduced processing costs: when compared with traditional payment methods (such as invoices, cheques, cash and EFT payments)
- Less paperwork: Reduce the number of invoices which pass through your accounts payable system (particularly for routine purchases), enabling your accounts payable resources to focus on other value added tasks
- Improved reporting information: Transaction data is usually available within 24 hours of a transaction and is sent on a daily basis for total visibility of spend activity. The capture of cost centre and general ledger codes can be automated to allow for easy upload into the finance management system.
Solutions for card management
- Card Management Platform
A simple, easy to navigate self-service digital platform that empowers clients to take control of their urgent card operation requirements. - Expense Management System (EMS) Integration
A Westpac transaction data feed that integrates seamlessly into all major third-party expense management systems.