Cost Savings: P-Cards vs. Traditional Purchase Orders in the Government Sector—Second Edition
Have you considered your agency’s cost for writing a check? Paying with a P-Card?
This report has, once again, been compiled by four government agencies who have analyzed their actual cost per transaction for both of these payment methods. This report provides their outcomes and a comparison to the report form three years earlier. In each agency's case, the results show that the cost of writing a check is far more costly and less efficient (average of 15 or more process steps needed than with paying with a P-Card), but as you contemplate each scenario, you will realize that each agency’s result is different and clearly indicates that every agency should conduct their own analysis based on salaries of those who touch the payment processes, to the steps involved and time needed for each process.
This report is a result of the collaboration of these four governmental agencies:
· City of Tacoma, Washington
· City of Arvada, Colorado
· Harford County Public Schools, Maryland
· State of Washington Department of Transportation
The complete, 25-page report is complimentary to NAPCP members; $189.00 for non-members. Upon payment, you will receive a link to download your copy of the report.