Audio Conferences

  November 6, 2007 at 02:00PM ET

Purchasing card (p-card) programs are a time-tested tool to cut costs and improve efficiency. But, many AP professionals find that growing their p-card program—while maintaining internal controls—is a challenge.

You may be among them. Join IOMA and p-card expert Nat Goodman to learn new approaches, policies and procedures to successfully expand your p-card program.

Purchasing card (p-card) programs have been long proven to be an invaluable tool to reduce Accounts Payable costs and increase efficiency. In fact, the latest research from RPMG found that p-cards can reduce the cost of a purchase order transaction from $90 to $22.

The p-card can also create efficiencies by drastically reducing the number of small dollar invoices your department handles. When you consider that these invoices may represent 80% of your total transaction volume, but only 20% of the dollar value, finding ways to grow your p-card program is now more important than ever!

Join IOMA and p-card expert Nat Goodman to learn how to optimize your p-card program. This 90-minute audio conference provides winning p-card growth strategies…and covers the internal control issues you must consider in order to grow your p-card program successfully!

DIAL IN & LEARN:

• The different ways you can grow your p-card program
• How internal controls can be maintained in the face of program growth
• The latest p-card variations and card features to help administer a p-card program
• How to induce more suppliers to accept the p-card as payment instead of using checks
• The categories of spending companies are targeting for increased p-card usage
• The most common controls imposed on card usage
• The policies & procedures that can help prevent fraud and misuse
• The different alternatives in building a state sales tax compliance process
• How your master vendor file can be used for p-card growth and control purposes
• How a benchmarking program can be used to improve a p-card program

FEATURED FACULTY

Nat Goodman, APM, CPA, MBA

Nat Goodman has been a shared-service center manager in five different functional areas as well as controller for Sears Roebuck de Mexico and Hartmarx Specialty Stores. Additionally, he has over 15 years of consulting on five continents. He has presented over 700 seminars worldwide and has written comprehensive AP manuals. He is a senior consultant with IOMA.